E3S Web Conf.
Volume 189, 20202020 International Conference on Agricultural Science and Technology and Food Engineering (ASTFE 2020)
|Number of page(s)||5|
|Section||Agricultural Resources and Agricultural Automation|
|Published online||15 September 2020|
Analysis of agricultural economic growth factors based on Cobb Douglas production
School of Economics and Management, Hebei North University, Zhangjiakou, Hebei 07500, China;
2 Department of management, Anhui Vocational College of Defense Technology, Lu’an, Anhui 237011, China
* Corresponding author: firstname.lastname@example.org
An empirical analysis of agricultural economic growth factors yields the main factors affecting agricultural economic growth. Based on the Cobb-Douglas function, a regression model is established to analyze the impact of production factors such as capital and labor on agricultural economic growth. After empirical analysis, it is concluded that investment is the main factor affecting agricultural economic growth. In some provinces, agricultural economic growth still uses extensive economic growth and belongs to the type of increasing returns to scale. Based on the results, three suggestions are made to promote the steady and rapid growth of the agricultural economy: increase the input of fixed assets in agriculture and attract capital from all walks of life to the agricultural production; optimize the agricultural labor force and increase human resources training; adjust the industrial structure and develop modern agriculture.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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