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	Impact of Agricultural Subsidy Policies on Grain Prices in China
	Qian J. R.; Ito, S.; Zhao, Z. J.; Mu, Y. Y.; Hou, L. L.
	2015
关键词	subsidy policy grain prices impact autoregressive distributed lag model (ARDL) causality
英文摘要	On the background of extensive government interventions in grain markets and the direct payment schemes of subsidy policies, the subsidy policies may hardly show negative impacts on grain prices through increasing grain supply. In this study, we investigate the relationship between China's agricultural subsidy policies and market prices for grain and construct autoregressive distributed lag (ARDL) models to evaluate the impacts of agricultural subsidies on grain prices. The estimated results indicate that the subsidy variable is highly significant in the grain price model for each grain type, while the general impacts of subsidies are positive. This suggests that agricultural subsidy policies contribute to increases in market prices for grain. Statistically, the overall elasticities of subsidies to the prices of rice, wheat, and corn are 0.077, 0.094, and 0.180, respectively. Both the theoretical and empirical analyses suggest that these subsidies show positive rather than negative impacts on grain market prices under the current situations in China.
出处	Journal of the Faculty of Agriculture Kyushu University
卷	60
期	1
页	273-279
收录类别	SCI
语种	英语
ISSN号	0023-6152
内容类型	SCI/SSCI论文
源URL	[http://ir.igsnrr.ac.cn/handle/311030/38476]
专题	地理科学与资源研究所_历年回溯文献
推荐引用方式 GB/T 7714	Qian J. R.,Ito, S.,Zhao, Z. J.,et al. Impact of Agricultural Subsidy Policies on Grain Prices in China. 2015.

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