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Research on effects of integration of primary, secondary, and tertiary industries in rural areas of developing countries: an approach of rural capital subsidies
- Source :
- Asia-Pacific Journal of Accounting & Economics; May 2024, Vol. 31 Issue: 3 p457-476, 20p
- Publication Year :
- 2024
-
Abstract
- ABSTRACTWe set up a four-sector general equilibrium model and a rural industrial integration indicator to investigate impacts of capital subsidies given to capital-using sectors in rural industrial chain on rural industrial integration and social welfare. Our findings are as follows: Rural capital subsidies can enhance rural industrial integration (but need to satisfy certain conditions in the short-run) and reduce the economic gap between urban and rural areas. In numerical simulation part, we discover that capital subsidy for rural secondary industry has a more favourable impact on rural industrial integration, social welfare, and narrowing urban–rural economic gap than rural tertiary capital subsidy.
Details
- Language :
- English
- ISSN :
- 16081625 and 21642257
- Volume :
- 31
- Issue :
- 3
- Database :
- Supplemental Index
- Journal :
- Asia-Pacific Journal of Accounting & Economics
- Publication Type :
- Periodical
- Accession number :
- ejs66205251
- Full Text :
- https://doi.org/10.1080/16081625.2023.2194893