Is Supply-side Structural Reform in Agriculture Conducive to Inclusive Growth?

doi:10.16382/j.cnki.1000-5579.2020.01.015

Abstract

Abstract: In today's wave of worldwide economic cooperation and exchange, the new development model of inclusiveness and universal benefit has become a consensus. In theory, as the main line of agricultural modernization, supply-side structural reform in agriculture will exert its income-increasing effect and distribution effect to promote economic inclusive growth. This paper uses Chinese provincial panel data from 2001 to 2017 to study the relationship between supply-side structural reform in agriculture and inclusive growth by constructing a Spatial Durbin Model, which is built under a spatial weight matrix of agricultural product market integration. The results show that supply-side structural reform in agriculture can promote inclusive growth, and has a significant negative spatial spillover effect. From the perspective of spatiotemporal difference, the effect of supply-side structural reform on inclusive growth has obvious spatiotemporal heterogeneity. From the perspective of conduction pathway, the mode of supply-side structural reform's effect on inclusive growth has a periodical characteristic, and it is relatively consistent across regions. These findings may provide guidance for China's agricultural development direction and the path of inclusive growth in order to achieve sustainable and healthy economic development.

Key words: supply-side structural reform in agriculture, inclusive growth, agricultural product market integration, spatial spillover, sustainable development

SONG Dong-lin, GAO Xing-yang, FAN Xin. Is Supply-side Structural Reform in Agriculture Conducive to Inclusive Growth?[J]. Journal of East China Normal University (Philosophy and Social Sciences), 2020, 52(1): 146-161.

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