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Does Marketization Promote High-Quality Agricultural Development in China?

Author

Listed:
  • Yang Qi

    (School of Economics, Shandong University of Finance and Economics, Jinan 250014, China)

  • Mingyue Gao

    (School of Economics, Shandong University of Finance and Economics, Jinan 250014, China)

  • Haoyu Wang

    (Department of Economics, University of Alberta, Edmonton, AB T6G 0B4, Canada)

  • Huijie Ding

    (School of Economics, Shandong University of Finance and Economics, Jinan 250014, China)

  • Jianxu Liu

    (School of Economics, Shandong University of Finance and Economics, Jinan 250014, China)

  • Songsak Sriboonchitta

    (Faculty of Economics, Chiang Mai University, Chiang Mai 50200, Thailand)

Abstract

Over the past 40 years of reform and opening, the enhancement in marketization has greatly promoted the development of the Chinese economy. At present, China’s economic development model has shifted from a focus on speed to a focus on quality. Against this background, it is necessary to further promote marketization reform to promote high-quality development in China. This paper begins with an introduction to high-quality agricultural development and the degree of marketization. According to the definitions of high-quality development and marketization, we constructed an index of high-quality agricultural development and an index of marketization degree, respectively. First, we determined the characteristics of high-quality agricultural development in China. There are large regional differences in agriculture development, but these disparities are improving simultaneously, and regional differences are showing a narrowing trend, except for the western region. Then, we measured the impact of marketization reforms on high-quality agricultural development using the Quadratic Assignment Procedure. Based on sample data from 2009 to 2019, this paper found that marketization reform has played a significant role in promoting high-quality agricultural development. The three sub-indicators of non-state-owned economy, factor market, and the market’s level of order, which represent the marketization degree, had significant impacts on reducing regional differences in high-quality agricultural development. Additionally, the effects of these three variables gradually increased, narrowing the regional differences in high-quality agricultural development. Finally, we suggested that promoting the development of a non-state-owned economy, factor market, and the market’s level of order would be an important path to boosting the high-quality development of agriculture.

Suggested Citation

  • Yang Qi & Mingyue Gao & Haoyu Wang & Huijie Ding & Jianxu Liu & Songsak Sriboonchitta, 2023. "Does Marketization Promote High-Quality Agricultural Development in China?," Sustainability, MDPI, vol. 15(12), pages 1-28, June.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:12:p:9498-:d:1170131
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