A STUDY ON THE IMPACT OF AGRICULTURAL PRODUCT IMPORT & EXPORT ON TOTAL AGRICULTURAL OUTPUT IN CHINA.
- Ph.D., Department of International Trade, Graduate School, Chonbuk National University, South Korea.
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China remains a predominantly rural society, with only small percent living in urban areas. The purpose of this paper is to explore the impact of agricultural product import & export on total agricultural output in China. In order to make the impact of agricultural product import & export on total agricultural output be more clear, this paper applies data-sets from 1990-2016 to perform an empirical analysis based on the production function of export extension.The results show 1% increase in the agricultural product export will result in 0.532% in the total agricultural output. 1% increase in the agricultural product import will result in 0.470% in the total agricultural output. 1% increase in the agricultural product export will result in 0.510% in the total agricultural output. It can be concluded that the agricultural product import & export makes great contribution to the total agricultural output. Furthermore, the contribution of agricultural product export on total agricultural output is greater than that of agricultural product import. This suggests that China?s government should open its agricultural market more to the world so as to promote the growth of total agricultural output.
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[Yugang He. (2017); A STUDY ON THE IMPACT OF AGRICULTURAL PRODUCT IMPORT & EXPORT ON TOTAL AGRICULTURAL OUTPUT IN CHINA. Int. J. of Adv. Res. 5 (Oct). 1282-1292] (ISSN 2320-5407). www.journalijar.com
International trade? international finance, Macroeconomics
