DocumentCode :
2422502
Title :
The Relationship between Economic Growth and Agricultural Growth: The Case of China
Author :
Xuezhen, Wang ; Shilei, Wu ; Feng, Gao
Author_Institution :
Study Center For Economic Dev., Shandong Univ. of Technol., Zibo, China
fYear :
2010
fDate :
7-9 May 2010
Firstpage :
5315
Lastpage :
5318
Abstract :
For the relationship between agriculture and economic development, this issue has been in controversy. This article performs econometric model analysis in the case of China for the year 1952-2007 showing that there has always been an positive relation between agricultural and economic growth and discusses how agriculture makes a contribution to economy growth. We conclude: (1) although the share of agriculture in GDP has declined significantly over time, the contribution of agricultural growth has maintained an upward trend with the elimination of the price index and it has made an important market, foreign exchange, factor (finance and labour), output contributions to nonagricultural growth and then it remains an irreplaceable driving force for economic growth; (2) economic growth strongly does not necessarily need a higher GDP growth rate in the agricultural sector. China should and have strength to enter the stage of industry nurturing agriculture. Enhancing agricultural contributions needs to continue to encourage the transfer of rural labour, raise the level of consumption of rural residents, encourage export and increase farmers´ income so that the national economy develops rapidly and orderly.
Keywords :
agriculture; econometrics; economic indicators; international trade; GDP growth rate; agricultural contribution; agricultural growth; agricultural sector; econometric model analysis; economic development; economic growth; export; national economy; rural labour; rural resident; Agricultural products; Economic indicators; Finance; Raw materials; agriculture growth; economic development; nonagricultural growth;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
Type :
conf
DOI :
10.1109/ICEE.2010.1330
Filename :
5591968
Link To Document :
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