Abstract
In this paper, using the panel data of the National Bureau of Statistics database from 2010 to 2019, and using the random effect model, we studied the impact of agricultural infrastructure investment on economic growth. The empirical results show that the investment in agricultural infrastructure can significantly improve the national economy, among which the investment in new infrastructure promotes the economic growth to a certain extent. After comparing the eastern, central and western regions, it is found that the investment in agricultural infrastructure in the western region contributes more to the economic growth, and the statistical results are more significant. Based on the analysis of the role of agricultural infrastructure investment in promoting economic growth, this paper will further discuss the relevant suggestions of the “two new and one heavy” policy in the agricultural field, and promote the adjustment of agricultural industrial structure with the improvement of agricultural infrastructure, and promote the formation of a new development pattern of “double circulation”.
Highlights
Since ancient times, agriculture has been the foundation for human survival and development
"Opinions of the CPC Central Committee and the State Council on Promoting Rural Revitalization in an All-round Way and Accelerating the Modernization of Agriculture and Rural Areas" was released, which determined that solving the "three rural issues" should be the top priority of the whole party's work during the 14th Five-Year Plan period, and comprehensively promoting rural revitalization should be an important task to realize the great rejuvenation of the Chinese nation
Their research found that the investment in new infrastructure construction has the most significant effect on increasing agricultural output[5].Mamatzakis used logarithmic cost function to study the effect of Greek agricultural infrastructure on agricultural economic growth, and found that every one percentage point increase in agricultural infrastructure investment will bring a positive effect of 0. 4 percentage points on agricultural productivity[6].Farrow et al analyzed the rural infrastructure construction in Erdoga, and found that the influence of rural public resources in different regions is different[7]
Summary
Agriculture has been the foundation for human survival and development. Document" of the Central Committee clearly stated that "promoting the construction of high-standard fields and farmland water conservancy on a large scale, accelerating the construction of production and living infrastructure in rural areas, continuously consolidating the foundation of modern agriculture, and improving the quality, efficiency and competitiveness of. The structure of the rest of this paper is as follows: the second part introduces the relevant literature on agricultural infrastructure investment at home and abroad, the third part explains the source and pretreatment of this data, the fourth part puts forward the benchmark model, gives the measurement method, possible problems and solutions, the fifth part is the empirical estimation results of the model, the sixth part analyzes the regional regression results according to the heterogeneity test, the seventh part is the endogenous problems and robustness. Theoretical literature analyzes the impact mechanism of rural infrastructure investment on agricultural production, and empirical literature provides a lot of empirical evidence for the impact effect of rural infrastructure investment
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