Abstract:Water investment plays a significant role in agricultural production.It is not only the key to keep the development of agricultural and rural area,but also the power to promote agricultural economic growth.Based on statistical data of Shaanxi Province during the period of 1982-2011,this paper examined the relationship between water investment and agricultural economic growth through the co-integration test.There was a long-run equilibrium relationship in agricultural sector between production inputs (farm labor force,cultivated land,farm machinery and water investment) and agricultural output.To support the study,polynomial distributed lag models and Almon method were taken to estimate the impact of water investment on agricultural economic growth.Specifically,the effect of the lagged water investment variable changes was investigated.The study showed that water investment had a positive promotion to agricultural economic growth which beginning at the third year after they had been applied.This effect reached the top at the fifth year and went down the sixth year.The dynamic elasticity of water investment against agricultural economic growth was 1.204,and long-run elasticity 1.256.
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最新推荐文章于 2021-01-13 22:12:40 发布