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Economic Analysis on the Rational Allocation of Agricultural Production Factors in Henan Province

Economic Analysis on the Rational Allocation of Agricultural Production Factors in Henan Province
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摘要 Based on the population floating theory under the Ranis-Fei dual economic structure,this paper designs an econometric model to study the isoquant curve and production factor substitution law. Finally,through the empirical analysis of labor-capital investment in Henan's agricultural production,combined with the principles of isoquant curve model,this paper determines the labor required for a certain scale of investment in agricultural production,and concludes that the fixed assets investment in Henan's agricultural production is not fully utilized,and too much labor is transferred. And this paper makes the corresponding policy recommendations for Henan's macroeconomic development. Based on the population floating theory under the Ranis-Fei dual economic structure,this paper designs an econometric model to study the isoquant curve and production factor substitution law. Finally,through the empirical analysis of labor-capital investment in Henan's agricultural production,combined with the principles of isoquant curve model,this paper determines the labor required for a certain scale of investment in agricultural production,and concludes that the fixed assets investment in Henan's agricultural production is not fully utilized,and too much labor is transferred. And this paper makes the corresponding policy recommendations for Henan's macroeconomic development.
机构地区 School of Economics
出处 《Asian Agricultural Research》 2016年第7期31-35,共5页 亚洲农业研究(英文)
基金 Supported by Fund Project of Hubei Provincial Institute of New Countryside Development
关键词 Isoquant CURVE ALLOCATION of production factors POLICY RECOMMENDATIONS Isoquant curve Allocation of production factors Policy recommendations
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