High-Quality Development of Chinese Agriculture under Factor Misallocation

Shuai Qin, Zheying Han (), Hong Chen, Haokun Wang and Cheng Guo
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Shuai Qin: College of Economics and Management, Northeast Forestry University, Harbin 150040, China
Zheying Han: Business School, Xuzhou University of Technology, Xuzhou 221018, China
Hong Chen: College of Economics and Management, Northeast Forestry University, Harbin 150040, China
Haokun Wang: College of Economics and Management, Northeast Forestry University, Harbin 150040, China
Cheng Guo: College of Economics and Management, Northeast Forestry University, Harbin 150040, China

IJERPH, 2022, vol. 19, issue 16, 1-20

Abstract: Optimizing factor allocation is the premise of promoting high-quality development of agriculture. Based on the panel data of 31 provinces in China from 2004 to 2020, this paper examines the relationship between factor mismatch and high-quality agricultural development. We found that the high-quality development level of China’s agriculture shows a state of fluctuation and improvement, but the overall level is relatively low and the inter-provincial difference is expanding. Factor mismatch significantly inhibited the improvement of agricultural high-quality development, and the inhibition effect showed obvious temporal and spatial heterogeneity. We also found that the allocation of factors in extreme cases will lead to a 0.01% inter-provincial difference in the high-quality agricultural development. However, with the optimization and upgrading of the agricultural industrial structure and the improvement of the agricultural science and technology, the inhibitory effect of factor mismatch on high-quality agricultural development is constantly weakening. The above conclusion still holds after a series of robustness tests. The conclusions of this paper enrich the theoretical literature on the influencing factors of high-quality agricultural development, and provide an empirical reference for the policy maker of reducing factor mismatch and promoting high-quality agricultural development.

Keywords: factor misallocation; high-quality agricultural development; industrial structure upgrade; agricultural science and technology progress (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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