Machinery investment decision and off-farm employment in rural China |
| |
Authors: | Yueqing Ji Xiaohua Yu Funing Zhong |
| |
Institution: | 1. College of Economics and Management, Nanjing Agricultural University, Nanjing, China;2. Courant Research Centre “Poverty, Equity and Growth”, University of Goettingen, Goettingen, Germany |
| |
Abstract: | This paper investigates the endogenous linkages between farmers' machinery investment decision and off-farm employment in China. Both the theoretical model and the empirical results based on a survey of 453 households in Anhui Province indicate that agricultural labor input and small-sized machinery investment are gross complements rather than substitutes when machinery services are available in the market. Consequently, farmers with small-sized machinery are more likely to reduce their off-farm employment time. On the other hand, an increase in off-farm employment is more likely to reduce the possibility of possessing small-sized machineries mainly due to substitution effects of market machinery services. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |
|