Abstract:
This paper decomposes the changes of agricultural structure into rationalization and advancement, and constructs econometric models of the relations between adjustment of agricultural structure and agricultural growth and agricultural production cycle, and makes empirical research on the structural bonus. The results show that for the “fast” growth effects, both the short-term adjustment and extension of agricultural production are conducive to releasing the potential of the long-term expansion; for the “steady” growth, the distortion of the agricultural structure is not conducive to the formation of steady expectation in agricultural markets. If the deep adjustment of the agricultural structure is not made, we can expect more volatility in the future, and the cycle will continue. And the high-class agricultural structure is conducive to stable agricultural production, which is mainly due to growing maturity of market mechanism and improvement of the laws and regulations in agricultural markets. The nature of high-class structure is to utilize market to counter market. This paper argues that the government should emphasize structural rationalization of agriculture departments in the formulation of agricultural development strategies, as well as promoting high-class agricultural structure to make the best use of the role of structural dividends.
ZHOU Chuan-bao.Structural Dividends in Agricultural Department: Based on the Research of Growth and Volatility Effects[J] Economic Survey, 2017,V34(1): 44-49