Economics at your fingertips  

An Empirical Analysis of the Impact of Agricultural Product Price Fluctuations on China’s Grain Yield

Hualin Xie () and Bohao Wang ()
Additional contact information
Hualin Xie: Institute of Ecological Civilization, Jiangxi University of Finance and Economics, Nanchang 330013, China
Bohao Wang: School of Economics, Jiangxi University of Finance and Economics, Nanchang 330032, China

Sustainability, 2017, vol. 9, issue 6, 1-14

Abstract: In recent years, food security, especially supply, has been an important issue in China’s agricultural production. The stability of grain prices is related to the stability and development of the grain market. Based on agricultural production data from 1970 to 2015, this paper explores the influence of agricultural product price fluctuation on grain production by using the cobweb theory and vector error correction (VEC) model. The results show that changes in grain production in China are affected by fluctuations in agricultural product prices, that the production change lags behind the price change, and that there is a long-term equilibrium relationship between grain yield and agricultural product price. A Granger causality test shows that the change in agricultural product price is the Granger cause of grain yield change.

Keywords: agricultural product price; grain yield; cobweb theory; VEC model; food security; China (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Sustainability is currently edited by Prof. Dr. Marc A. Rosen

More articles in Sustainability from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().

Page updated 2019-06-22
Handle: RePEc:gam:jsusta:v:9:y:2017:i:6:p:906-:d:99965