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Copyright © 2021 Yongqiang Xu et al. This is an open access article distributed under the Creative Commons Attribution License (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. https://creativecommons.org/licenses/by/4.0/

Abstract

The problem of increasing farmers’ income has been a hot issue of social concern. Understanding the farmers’ income and the overall development trend is conducive to the rational layout of the social economy and promotes the steady development of a well-off society. Based on this, the paper selects the per capita disposable income (PCDI) of farmers’ households from 2012 to 2019 in 11 cities of Hebei Province as the research object and applies the fractional grey model (FGM (1,1)) to predict farmers’ income from 2020 to 2024. The results show that the farmers’ income will increase in the next five years. However, the growth rate of farmers’ income is slow in the areas with a large base of farmers’ income and strong in the areas with a small base of farmers’ income. The area with the highest trend in the growth rate of farmers’ income is Zhangjiakou and the lowest place is Handan. Only Shijiazhuang’s income growth rate is on the rise. Finally, suggestions are given to promote farmers’ income in Hebei Province.

Details

Title
Prediction of Farmers’ Income in Hebei Province Based on the Fractional Grey Model (1,1)
Author
Xu, Yongqiang 1   VIAFID ORCID Logo  ; Lim, Thien Sang 2 ; Wang, Kun 3   VIAFID ORCID Logo 

 Faculty of Business, Economics and Accountancy, University Malaysia Sabah, Kota Kinabalu, Sabah 88400, Malaysia; School of Management Engineering and Business, Hebei University of Engineering, Handan 056038, China 
 Faculty of Business, Economics and Accountancy, University Malaysia Sabah, Kota Kinabalu, Sabah 88400, Malaysia 
 Department of Management, Handan Polytechnic College, Handan 056000, China 
Editor
Efthymios G Tsionas
Publication year
2021
Publication date
2021
Publisher
John Wiley & Sons, Inc.
ISSN
23144629
e-ISSN
23144785
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2609153211
Copyright
Copyright © 2021 Yongqiang Xu et al. This is an open access article distributed under the Creative Commons Attribution License (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. https://creativecommons.org/licenses/by/4.0/