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Rural Population Aging, Capital Deepening, and Agricultural Labor Productivity

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  • Danhong Shen

    (School of Economics and Management, North University of China, Taiyuan 030051, China)

  • Haimeng Liang

    (School of Economics and Management, North University of China, Taiyuan 030051, China)

  • Wangfang Shi

    (School of Economics and Management, North University of China, Taiyuan 030051, China)

Abstract

Whether the aging of rural population will affect the high-quality development of China’s agriculture is an important issue facing the construction of China’s characteristic modern agriculture. Using panel data from 30 provinces in China from 1999 to 2020, this paper used fixed effects models and mediation models for econometric regressions to explore the relationship between rural population aging and agricultural development, as well as the intermediate mechanisms involved. The study found that there was a positive relationship between rural population aging and agricultural labor productivity, and aging can stimulate agricultural development. Mechanism analysis revealed that rural population aging can promote the adjustment of the structure of agricultural factors, drive the deepening accumulation of capital and other factors, promote the modernization of agricultural production methods, and ultimately achieve an increase in agricultural labor productivity. Further examination showed that the positive relationship between rural population aging and agricultural productivity gradually weakened as the degree of rural population aging deepened. The study provides empirical evidence for sustainable agricultural development in the context of population aging.

Suggested Citation

  • Danhong Shen & Haimeng Liang & Wangfang Shi, 2023. "Rural Population Aging, Capital Deepening, and Agricultural Labor Productivity," Sustainability, MDPI, vol. 15(10), pages 1-12, May.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:10:p:8331-:d:1151543
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    References listed on IDEAS

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    1. Manolis Manioudis & Giorgos Meramveliotakis, 2022. "Broad strokes towards a grand theory in the analysis of sustainable development: a return to the classical political economy," New Political Economy, Taylor & Francis Journals, vol. 27(5), pages 866-878, September.
    2. Liao, Liuwen & Long, Hualou & Gao, Xiaolu & Ma, Enpu, 2019. "Effects of land use transitions and rural aging on agricultural production in China’s farming area: A perspective from changing labor employing quantity in the planting industry," Land Use Policy, Elsevier, vol. 88(C).
    3. Feder, Gershon, 1985. "The relation between farm size and farm productivity : The role of family labor, supervision and credit constraints," Journal of Development Economics, Elsevier, vol. 18(2-3), pages 297-313, August.
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    Cited by:

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    3. Donghong Wu & Yiren Chen, 2023. "Digital Inclusive Finance Development and Labor Productivity: Based on a Capital-Deepening Perspective," Sustainability, MDPI, vol. 15(12), pages 1-17, June.

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