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Empirical analysis of fishery economic growth factors in Fujian Province
- Da-Zhi YUE
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2019, 41(6):
532-539.
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In the process of implementing the 2018 rural revitalization strategy, Fujian province followed the spirit of the CPC central committee, continuously deepened the supply-side structural reform of fishery, insisted on improving the quality and efficiency, green development, and promoted the steady and healthy development of fishery economy. This paper analyzed the factors of fishery economic growth in Fujian province by using C-D production function models. The input factors included capital input, labor input, breeding area and vessel. Combined with the data and through the analysis of the econometric model, our results showed that: the output elasticity of capital was 0.1464, and the output elasticity of labor was -1.8987, which was smaller than the output elasticity of capital, indicating that the input of labor at the present stage might be an extensive increase, and the skills of practitioners were relatively weak. Modern economic theory tells us that when other conditions remain unchanged (such as the level of productivity and other input factors), the impact of blindly increasing labor force on fishery economic output is decreasing. Compared with the substantial increase of fishery economic output of capital, the amount of labor has not reached the effective allocation, which should have a certain quantity instead of a certain quality, such as whether the labor force has the corresponding fishery technology. In terms of the contribution of input factors to fishery production, firstly, the output elasticity of labor is negative, and its contribution to fishery growth is relatively limited, which also indicates that Fujian province has abundant fishery labor at present. Secondly, the contribution rate of capital to fishery growth is 7.08, which is close to 9 times that of labor. This indicates that the investment ratio of fishery capital to labor is relatively scarce, which also reflects the society's emphasis on fixed capital investment. Thirdly, although the contribution of total factors to fishery growth is negative, it means that Fujian fishery economy should mainly focus on capital input and appropriate labor input at the present stage. When the marginal economic benefits brought by capital input and labor input decline, it is necessary to consider the peripheral input factors of fishery in order to evaluate the situation. However, it does not mean that such factors, such as the implementation of fishery policy, management, fishery technology and mutual insurance, will not be input at this time, because the most important thing at this stage is matching. Therefore, the province of total factors also plays an important role in the growth of fishery economy, which cannot be ignored. The research methods of this paper are economic growth factor analysis, scale economy analysis, and then through statistical and econometric analysis methods to explore the impact of fishery economic growth factors based on the empirical analysis. Through this study, we can better improve the fishery economy growth of Fujian province to a certain extent. At the same time, it can enrich the literature on fishery economic growth. Because in the previous literature research on fishery economic growth, there are few studies on Fujian province alone.
