Impacts of agricultural public spending on Chinese food economy

Shiwei Xu, Yumei Zhang, Xinshen Diao () and Kevin Z. Chen

China Agricultural Economic Review, 2011, vol. 3, issue 4, 518-534

Abstract: Purpose - The purpose of this paper is to develop a dynamic computable general equilibrium (DCGE) model to analyze economy‐wide impacts of different types of public spending in China. A particular focus is placed on their impacts on food economy. Design/methodology/approach - In this paper, DCGE model is developed to analyze economy‐wide impacts of different types of public spending in China. The effects of increased agricultural subsidies, agricultural R&D, and irrigation are simulated by using China DCGE model. Findings - The results show that public spending has significant impact on food production, price, and trade. The increased public spending on agricultural R&D, irrigation, and agricultural subsidy also has modest impacts on other sectors such as industry, service, and GDP growth. Originality/value - The paper constructs the China dynamic CGE model and analyzes economy‐wide impacts of different types of public spending in China, especially for the food economy.

Keywords: China; Economic policy; Agriculture; Food; Agricultural investment; Agricultural policy; Food economy (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:caerpp:v:3:y:2011:i:4:p:518-534

DOI: 10.1108/17561371111192365

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