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| Effects of Agricultural Technology Progress on Farmers' Incomes: Evidence from 14 Agricultural Provinces in China |
| Zhang Zhixin, Lin Li, Huang Hairong |
| Shandong University of Technology, Zibo 255012, China |
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Abstract Based on the panel data of 14 major agricultural provinces in China from 2000 to 2017, this paper used the estimation methods of mixed OLS, fixed effect, random effect and differential GMM to study the impact of technological progress on rural residents' per capita net income, farmers' wage income and farmers' family operating income respectively.The empirical results show that the effect of technological progress on farmers' income increase is significant.From the point of view of each component of farmers' income, the progress of agricultural technology has the greatest impact on the per capita net income and family operating income of rural residents, followed by wage income.The influence of financial support to agriculture and rural human capital on farmers' income is positive.Increasing rural fixed asset investment can promote the increase of rural residents' per capita net income and family operating income, but it is not conducive to the growth of wage income.Therefore, when formulating relevant policies, the Chinese government should focus on the long-term effect of agricultural technological progress on farmers' income, and at the same time comprehensively consider factors such as financial support for agriculture and rural human capital, so as to guarantee farmers' income and jointly solve the bottleneck of slow increase of farmers' income.
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Received: 16 October 2019
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2020, Vol. 1 
