Analysis of the Impact of Rural Fixed Assets Investment on the Income of Farmers and Herdsmen in Xinjiang
An important perspective for observing farmers'income under the new normal is whether the connection between farmers'income and the national economy is becoming increasingly close.Therefore,agriculture must be analyzed in the macroeconomic context.Rural fixed assets investment is an important engine for rural economic development,which is closely related to the living standards of rural residents.Therefore,based on the data of Xinjiang from 1997 to 2020,this paper uses VAR model measurement theory and method to empirically analyze the dynamic effect relationship between rural fixed assets investment and rural residents'income level in Xinjiang.The research shows that there is a one-way Granger causality between rural fixed assets investment and rural residents'income level,and the cointegration model reflects that there is a long-term equilibrium relationship between rural fixed assets investment and rural residents'income level.Every 1%increase in rural fixed assets investment will boost farmers'income level by 54.79%.Finally,through variance analysis,the impact contribution rate of rural fixed assets investment to the income level of rural residents is very high,stable at about 43%.
rural areasfixed assets investmentincrease income for farmers and herdsmenVAR modelXinjiang Province