Research on the Dynamic Relationship Between the Investment of Agricultural Science and Technology Resource and the Growth of Agricultural Economy in Liaoning Province

Huihui Liu () and Huiping Dai ()
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Huihui Liu: Dalian University of Finance and Economics, Finance
Huiping Dai: Dalian University of Finance and Economics, Finance

A chapter in Proceedings of the 4th International Conference on Economic Development and Business Culture (ICEDBC 2024), 2024, pp 307-313 from Springer

Abstract: Abstract With the arrival of the era of big data and artificial intelligence, as one of the important agricultural provinces in China, some problems are still faced by Liaoning Province, such as low allocation efficiency and insufficient input motivation of agricultural science and technology resource (ASTR), which seriously restricts the conversion rate of scientific and technological achievements and the improvement of agricultural output efficiency. Therefore, in order to fully leverage the application advantages of the investment of ASTR in the development of agricultural economy in Liaoning Province, an empirical research on the dynamic relationship between the investment of ASTR and the growth of agricultural economy (GAE) in Liaoning Province based on the vector autoregressive (VAR) model is researched in this paper. Firstly, the VAR model is constructed by processing the data of the investment of ASTR and agricultural development. Then, Granger causality test and impulse response analysis are applied to analyze the dynamic relationship between the investment of ASTR and GAE in Liaoning Province to reveal the influence degree and long-term mechanism of the investment of ASTR on GAE. The model presented in this article can promote structural reform more efficiently. At the same time, it can solve the problem of the allocation of ASTR which provides guidance for promoting high-quality agricultural development.

Keywords: Allocation of agricultural science and technological resource; Granger causality test; growth of agricultural economy (GAE); investment of agricultural science and technology resource; vector autoregressive (VAR) model (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-538-6_36

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DOI: 10.2991/978-94-6463-538-6_36

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