Acta Agriculturae Zhejiangensis ›› 2022, Vol. 34 ›› Issue (4): 841-850.DOI: 10.3969/j.issn.1004-1524.2022.04.21

• Agricultural Economy and Development • Previous Articles     Next Articles

Study on agricultural cross-regional investment location and its decision-making mechanism from perspective of rural revitalization: a case study of Zhejiang Province

WANG Lijuan1(), CHEN Yangfen2, XU Mengjie3,*()   

  1. 1. Institute of Rural Development, Zhejiang Academy of Agricultural Sciences, Hangzhou 310021, China
    2. Institute of Agricultural Economics and Development, Chinese Academy of Agricultural Sciences, Beijing 100081, China
    3. College of Public Administration, Nanjing Agricultural University, Nanjing 210095, China
  • Received:2021-03-16 Online:2022-04-25 Published:2022-04-28
  • Contact: XU Mengjie

Abstract:

In this paper the location decision factors of agricultural cross-regional investment of Zhejiang investors were identified and analyzed from a macro perspective through a multiple regression model. Additionally, the relative importance of influencing factors was further explored from a micro perspective based on survey data of investors. Results showed that local investment volume generally declined from the East to the West, with a higher concentration in surrounding provinces and in provinces with a higher output of agriculture. Endowment of cultivated land resources, the foundation of agricultural development, the physical environment matching the industrial type and the distance to the product consumption market were the leading influencing elements in decision-making. The investors gave priority to economic factors including land, agricultural infrastructure, labor and transportation, followed by other social and administrative factors such as social security, folk customs and related supporting policies of the candidates. Therefore, local governments should take the strategy of “targeted investment attraction” and improve the commercial environment in order to attract more agricultural investments from outside.

Key words: agricultural investment, cross-regional, location choice, influencing factors, Zhejiang Province

CLC Number: