Does Agricultural investment still promote economic growth in China? Empirical evidence from ARDL bounds testing model
Sayef Bakari () and
MPRA Paper from University Library of Munich, Germany
One of the major unresolved research issues in agriculture is the question as to whether agricultural investments still a promoter of economic growth at the regional and local levels. The concern is not with the agricultural benefits, principally measured as food security, but whether there are additional development benefits from these investments. In this paper, we have developed a new approach to study the impact of agricultural investment on economic growth. By taking the case of China, this study is based on the Auto-Regressive Distributive Lags (ARDL) approach that is proposed by Pesaran et al (2002). The empirical estimate yields interesting results. In the short and long terms, agricultural investment has a positive effect on economic growth. The findings of this research have important implications for further policy designs that seek to maintain the agricultural sector in China in the future.
Keywords: Agricultural Investment; Economic Growth; China; ARDL. (search for similar items in EconPapers)
JEL-codes: C18 C5 O13 O47 O53 Q1 Q10 Q18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-cna and nep-tra
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Journal Article: Does Agricultural Investment Still Promote Economic Growth in China? Empirical Evidence from ARDL Bounds Testing Model (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:94552
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