Study on Farmers’ Selling Price, Average Annual Income and the Increase of Hubei Rape Planting Area: An Evidence from Huanggang, Jingzhou and Jingmen Cities
Engineering and Applied Sciences
Volume 3, Issue 2, April 2018, Pages: 40-46
Received: May 26, 2018;
Accepted: Jun. 12, 2018;
Published: Jul. 5, 2018
Views 1170 Downloads 64
Chen Yunfei, Economics & Management College, Huazhong Agricultural University, Wuhan, China; Economics & Management College, Wuhan Polytechnic University, Wuhan, China
Feng Zhongchao, Economics & Management College, Huazhong Agricultural University, Wuhan, China
For purpose of the profit maximization, taking Huanggang, Jingzhou and Jingmen as the 3 representative cities (or states or districts) of the main rape planting areas in Hubei and using their time-arranged (1990-2014) data of rape planting areas, farmers’ selling price of rapeseed and the average annual income, this paper try to give an empirical analysis on the supply response of rape planting area to such 3 factors of the year one phase lagging with Nerlove model. The research makes it clear that, firstly, there is large impact of the original production scale or habits on future rape planting area in Hubei. Secondly, the feature of rape planting in Hubei lies in rigidity of self demand totally and there is little impact of famers’ selling price on rape planting area in Hubei in long-run. Thirdly, there is large impact of farmers’ average annual income on rape planting area in Hubei in long-run. At the same time, the impact on rape planting differs among the 3 cities (or states or districts) especially for Jingzhou City (or the 2nd representative city) of its “inferior goods” tendency in economics.
Study on Farmers’ Selling Price, Average Annual Income and the Increase of Hubei Rape Planting Area: An Evidence from Huanggang, Jingzhou and Jingmen Cities, Engineering and Applied Sciences.
Vol. 3, No. 2,
2018, pp. 40-46.
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