Technological Change: The Re-Discovery of the Engine of Productivity Growth in China's Rural Economy
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
The purpose of the paper is to explain the determinants of technological adoption and
demonstrate the importance of technological change in rice yield growth during China's reform period.
Using a unique data set on the nation's rice economy, in the first part of a two stage econometric model,
adoption of new technologies (hybrid rice and single/double cropped rice) is shown to be chosen on the
basis of two basic factors: the availability of a new technologies and the willingness of producers to adopt
them. Treating technology as an endogenous factor, a set of rice supply and derived demand equations is
subsequently estimated, and the parameters are used in a decomposition analysis. While institutional and
environmental factors are found to be significant detenninants of post-reform productivity increases,
technological change has been shown to be the greatest across all periods, and can account for most of the
growth in recent years.