An Analysis on Total Factor Productivity and Influencing Factors of Soybean in China

Abstract

To investigate the characteristics of total factor productivity and its influencing factors in china’s soybean. Cobb-Douglas production function model is used in this study. The data is based on the period from 1990 to 2007, and C-D production function is applied twicely. The results of this study indicate that total factor productivity grows at 0.42% annually, the changes fluctuate apparently. Through analysis, the pattern of cultivation, imports and exports policy and technical achievement may contribute to the fluctuation of total factor productivity in China’s soybean. Finally, the study proposes some approaches and policy implications so as to increase the production of soybean.