@article{Yao:190736,
      recid = {190736},
      author = {Yao, Wen},
      title = {The Impact of the Processing and Foreign Trade of  Agricultural Products on Agricultural Modernization: An  Empirical Analysis Based on Cointegration and VEC Model},
      journal = {Asian Agricultural Research},
      address = {2014-10},
      number = {1812-2016-144248},
      pages = {6},
      year = {2014},
      abstract = {Based on the data related to the Chinese and world  agricultural production and trade from 1986 to 2011, this  paper uses the principal component analysis, cointegration  and vector error correction model to perform the empirical  analysis of the impact of processing, import and export of  agricultural products on the agricultural modernization in  China. The results show that the processing and export of  agricultural products play a role in promoting the  agricultural modernization in China, while the import of  agricultural products has some negative effects on the  agricultural modernization in China. The negative effects  of the import of agricultural products are from the  limitations of farmers' small-scale operation and foreign  trading partners' protectionism. China should further  develop the processing industry of agricultural products,  and strengthen the role of downstream industries in  promoting the agricultural modernization; improve the level  of large-scale and intensive operation, and make good use  of WTO rules, in order to provide the necessary market  conditions for the agricultural modernization.},
      url = {http://ageconsearch.umn.edu/record/190736},
      doi = {https://doi.org/10.22004/ag.econ.190736},
}