An Analysis of Land,Labor and Capital in Regional Agricultural Production in China
Liangcan Liu
Abstract
Liangcan Liu
Abstract
Non-linear production function for agriculture has many advantages and is suitable for analyzing agricultural production.The analysis indicates the following: presently labor and capital(especially capital) make a significant contribution in regional agricultural production in China,but land,for the time being,is not a main factor,and technological progress does not play a significant role; the effect of various factors of production varies considerably between different regions.
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Non-linear production function for agriculture has many advantages and is suitable for analyzing agricultural production.The analysis indicates the following: presently labor and capital(especially capital) make a significant contribution in regional agricultural production in China,but land,for the time being,is not a main factor,and technological progress does not play a significant role; the effect of various factors of production varies considerably between different regions.
Key concepts: China, Agriculture, Production (economics), Capital (architecture), Factors of production, Agricultural productivity, Economics, Agricultural economics