The Efficiency of China’s Agricultural Circular Economy and Its Influencing Factors under the Rural Revitalization Strategy: A DEA–Malmquist–Tobit Approach

Abstract

In 2018, the Chinese government proposed the Rural Revitalization Strategy with the objective of bolstering economic development, social progress, and ecological protection in rural areas, thereby achieving rural modernization. This paper employs the Data Envelopment Analysis (DEA) method and the Malmquist index model to measure the efficiency and changes of the agricultural circular economy in 31 provinces and cities in China from 2017 to 2020. Using Tobit regression, we further examine the correlation analysis in the context of the rural revitalization policy. The study reveals that the efficiency of China’s agricultural circular economy continued to grow between 2017 and 2020. The policy of the rural revitalization strategy significantly impacts the efficiency of the agricultural circular economy. Government financial support has a significant positive influence on the efficiency of the agricultural circular economy. Based on the research findings, we proposed several constructive suggestions.