IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i5p4418-d1085022.html
   My bibliography  Save this article

Digital Economy, Factor Allocation, and Sustainable Agricultural Development: The Perspective of Labor and Capital Misallocation

Author

Listed:
  • Xingmei Jia

    (School of Business, Anhui University of Technology, Maanshan 243002, China)

Abstract

As an emerging economy, the combination of the digital economy and industrial development can lead to a variety of new industries and new formats and form new momentum. This paper aims to analyze how the digital economy affects sustainable agricultural development, through what path, and what role the factor allocation plays in this process. Based on the analysis of the impact mechanism of the digital economy on sustainable agricultural development, this paper takes 30 provinces in China from 2013 to 2020 as the research object, builds a panel data model and mediation effect model, empirical analyses on the impact of the digital economy on sustainable agricultural development, and verifies the mediation effect of factor allocation in this process. This study found that the digital economy significantly promoted sustainable agricultural development. At the national level, this obvious promotion effect was achieved by reducing the misallocation of labor and capital. At the regional level, sustainable agricultural development in the eastern region of China depended on the optimization effect of the digital economy on the allocation of labor and capital, but the situation was slightly different in the central and western regions of China. The digital economy in the central and western regions of China significantly improved sustainable agricultural development by allocation effect of labor factors. Although the allocation effect of capital factors had a positive effect on sustainable agricultural development, it was not significant. In order to promote sustainable agricultural development, the digital industry development should be accelerated, the allocation effect of the factor market should be brought into play, and the digital economy should be better integrated with sustainable agricultural development so as to realize the modernization of agricultural development.

Suggested Citation

  • Xingmei Jia, 2023. "Digital Economy, Factor Allocation, and Sustainable Agricultural Development: The Perspective of Labor and Capital Misallocation," Sustainability, MDPI, vol. 15(5), pages 1-19, March.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:5:p:4418-:d:1085022
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/5/4418/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/5/4418/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robin Burgess & Rohini Pande, 2005. "Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment," American Economic Review, American Economic Association, vol. 95(3), pages 780-795, June.
    2. A. Amarender Reddy & Mehjabeen, 2019. "Electronic National Agricultural Markets, Impacts, Problems and Way Forward," IIM Kozhikode Society & Management Review, , vol. 8(2), pages 143-155, July.
    3. Uwe Deichmann & Aparajita Goyal & Deepak Mishra, 2016. "Will digital technologies transform agriculture in developing countries?," Agricultural Economics, International Association of Agricultural Economists, vol. 47(S1), pages 21-33, November.
    4. Ehlers, Melf-Hinrich & Huber, Robert & Finger, Robert, 2021. "Agricultural policy in the era of digitalisation," Food Policy, Elsevier, vol. 100(C).
    5. Guo, Bingnan & Wang, Yu & Zhang, Hao & Liang, Chunyan & Feng, Yu & Hu, Feng, 2023. "Impact of the digital economy on high-quality urban economic development: Evidence from Chinese cities," Economic Modelling, Elsevier, vol. 120(C).
    6. Desheng Yu & Lihua Yang & Yuping Xu, 2022. "The Impact of the Digital Economy on High-Quality Development: An Analysis Based on the National Big Data Comprehensive Test Area," Sustainability, MDPI, vol. 14(21), pages 1-20, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Haifeng Wang & Guangsi Li & Yunzhi Hu, 2023. "The Impact of the Digital Economy on Food System Resilience: Insights from a Study across 190 Chinese Towns," Sustainability, MDPI, vol. 15(24), pages 1-19, December.
    2. Qingjun Li & Shuliang Zhao, 2023. "The Impact of Digital Economy Development on Industrial Restructuring: Evidence from China," Sustainability, MDPI, vol. 15(14), pages 1-19, July.
    3. Danling Chen & Wenbo Hu, 2023. "Temporal and Spatial Effects of Heavy Metal-Contaminated Cultivated Land Treatment on Agricultural Development Resilience," Land, MDPI, vol. 12(5), pages 1-16, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Xiaohui Li & Hang Xiong & Jinghui Hao & Gucheng Li, 2024. "Impacts of internet access and use on grain productivity: evidence from Central China," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-9, December.
    2. Neeraj Singh & Kushankur Dey, 2023. "A typology of agricultural market information systems and its dimensions: Case studies of digital platforms," Electronic Markets, Springer;IIM University of St. Gallen, vol. 33(1), pages 1-22, December.
    3. Gutiérrez-Romero, Roxana & Ahamed, Mostak, 2021. "COVID-19 response needs to broaden financial inclusion to curb the rise in poverty," World Development, Elsevier, vol. 138(C).
    4. Lin Xie & Biliang Luo & Wenjing Zhong, 2021. "How Are Smallholder Farmers Involved in Digital Agriculture in Developing Countries: A Case Study from China," Land, MDPI, vol. 10(3), pages 1-16, March.
    5. Pascaline Dupas & Sarah Green & Anthony Keats & Jonathan Robinson, 2014. "Challenges in Banking the Rural Poor: Evidence from Kenya's Western Province," NBER Chapters, in: African Successes, Volume III: Modernization and Development, pages 63-101, National Bureau of Economic Research, Inc.
    6. Ayyagari, Meghana & Demirguc-Kunt, Asli & Maksimovic, Vojislav, 2014. "Does local financial development matter for firm lifecycle in India ?," Policy Research Working Paper Series 7008, The World Bank.
    7. Emily Breza & Cynthia Kinnan, 2021. "Measuring the Equilibrium Impacts of Credit: Evidence from the Indian Microfinance Crisis," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 136(3), pages 1447-1497.
    8. Vinay Reddy Venumuddala, 2020. "Patterns in demand side financial inclusion in India -- An inquiry using IHDS Panel Data," Papers 2005.08961, arXiv.org.
    9. Prina, Silvia, 2015. "Banking the poor via savings accounts: Evidence from a field experiment," Journal of Development Economics, Elsevier, vol. 115(C), pages 16-31.
    10. N'dri, Lasme Mathieu & Kakinaka, Makoto, 2020. "Financial inclusion, mobile money, and individual welfare: The case of Burkina Faso," Telecommunications Policy, Elsevier, vol. 44(3).
    11. Ran, Qiying & Yang, Xiaodong & Yan, Hongchuan & Xu, Yang & Cao, Jianhong, 2023. "Natural resource consumption and industrial green transformation: Does the digital economy matter?," Resources Policy, Elsevier, vol. 81(C).
    12. Karmen Erjavec & Marjan Janžekovič & Milena Kovač & Mojca Simčič & Andrej Mergeduš & Dušan Terčič & Marija Klopčič, 2021. "Changes in Use of Communication Channels by Livestock Farmers during the COVID-19 Pandemic," Sustainability, MDPI, vol. 13(18), pages 1-14, September.
    13. Sumit Agarwal & Thomas Kigabo & Ms. Camelia Minoiu & Mr. Andrea F Presbitero & Andre Silva, 2018. "Financial Access Under the Microscope," IMF Working Papers 2018/208, International Monetary Fund.
    14. Sushanta K. Mallick, 2014. "Disentangling the Poverty Effects of Sectoral Output, Prices, and Policies in India," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(4), pages 773-801, December.
    15. Manuel Illueca & Lars Norden & Gregory F. Udell, 2013. "When Good Intentions Go Wrong: Effects of Bank Deregulation and Governance on Risk-taking," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 11(03), pages 48-54, October.
    16. Shailesh Rastogi & Rajani Gupte & R. Meenakshi, 2021. "A Holistic Perspective on Bank Performance Using Regulation, Profitability, and Risk-Taking with a View on Ownership Concentration," JRFM, MDPI, vol. 14(3), pages 1-22, March.
    17. Michael Danquah & Abdul Malik Iddrisu & Williams Ohemeng & Alfred Barimah, 2020. "Rural financial intermediation and poverty reduction in Ghana: A micro-level analysis," WIDER Working Paper Series wp-2020-2, World Institute for Development Economic Research (UNU-WIDER).
    18. Sof'a Gallardo & Carlos Madeira, 2022. "The role of financial surveys for economic research and policy making in emerging markets," Chapters, in: Duc K. Nguyen (ed.), Handbook of Banking and Finance in Emerging Markets, chapter 36, pages 676-686, Edward Elgar Publishing.
    19. Di Giannatale, Sonia & Roa, María José, 2016. "Formal Saving in Developing Economies: Barriers, Interventions, and Effects," IDB Publications (Working Papers) 8107, Inter-American Development Bank.
    20. Singh, Nirvikar, 2018. "Financial Inclusion: Concepts, Issues and Policies for India," MPRA Paper 91047, University Library of Munich, Germany.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:5:p:4418-:d:1085022. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.