The Role of Institutional Policies in Promoting Agribusiness Development in Rural China

Abstract

Sustainable agricultural growth has become an area of interest for many researchers in the quest to increase food production in the midst of an escalating population. However, the evidence remains largely scanty, isolated and devoid of an in-depth analysis of how some economic policies promote agribusiness development in mainland China. Using time series data from 1990 to 2013, this paper adopts semi-parametric quantile regression to study the complex relationship between institutional policies in rural areas and agribusiness development. The study revealed the role of family household in promoting agribusiness development at the higher quantiles of the distribution. Moreover, government investment in rural health and education contributed significantly across the quantile distribution. The impact of research and development on agribusiness development is positively significant across the quantile points of the distribution within the study period. The result from the quantile graph clearly shows the disparities between OLS and quantile regression coefficients.

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