The Drivers of China’s Agricultural Production Efficiency over 40 Years

Abstract

This paper systematically examines the main drivers’ of agricultural production later fuelled China’s economy over 40 years back since the period of the reform year 1978. China’s current boom development founded from radical structural economic reform of the country from 1978 to 1991. Though there was a less inflated deviation in production during the period from 1978 to 2017, yet for the sake of evaluation we preferred to focus on the available literature. Empirical evidence undoubtedly concurred that structural reform had a great impact on overall the country’s economy; especially agricultural sector later served as a bridge for the industrial developmental transition. Agriculture had registered less production inefficiency at the time of reform; this is because of the presence of rural land reform, price adjustment, market-oriented production, and perfectly functioning of institutions. The dozens of papers indulged that the contemporary great China shaped through the mercy of reform cumulative effects, particularly in agriculture, which took an elephant-share for current holistic development. To keep sustaining this sector production efficiency, the Chinese government should pay more attention on the a good stories of biotechnology and genetically modified organism (GMO).