Analysis of the Contribution of China’s Industrial Policies to Agriculture Sector
Recent different literature argued that China‟s agriculture sector contribution to economic development is deteriorating. The agriculture sector contribution with regard to Agriculture GDP contribution, agriculture employment, and foreign exchange earnings were decreased. The present study is undertaken to investigate the contribution of industrial policies to the Agriculture sector of China during the period from 2007 to 2018. Simple regression model employed as a methodology to investigate the contribution of industrial policies to the agriculture sector in China during the period from 2007 to 2018. The data of all agriculture macro-economic variables applied in this study (Economic openness, Agriculture GDP, Agriculture Food Production, and Employment in Agriculture) were collected from the World Bank for the whole period from 2007 to 2018. In order to investigate the contribution of Industrial policies to the agriculture sector in China, industrial policies were represented by the economic openness which stands as independent variable, while agriculture GDP, Agriculture food production and employment in agriculture were dependent variables in the study. The information discovered in the study was in actual fact catching the attention. Information discovered as a result of the investigation shows that relationship between Economic openness and Agriculture GDP is Negative, While the relationship between economic openness and other Agriculture macro-economic variables (Agriculture Food Production and Agriculture Employment) is Positive and meaningfully during the period from 2009 to 2018 in China. That means Industrial policies had meaningful contribution to Agriculture Food production and Agriculture Employment, While Industrial policies had no contribution to Agriculture GDP during the period from 2009 to 2018 in China.