The Impact of the Subsidy Policy on Total Factor Productivity: An Empirical Analysis of China's Cotton Production

<table>Cotton Malmquist indices in China’s major province. Notes: HEB, SHD, ANH, JIX, HUB, HUN, and XIJ, respectively, represent the provinces of Hebei, Shandong, Anhui, Jiangxi, Hubei, Hunan, and Xinjiang.</table>

Mathematical Problems in Engineering

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Figure 6

Figure 6: The Impact of the Subsidy Policy on Total Factor Productivity: An Empirical Analysis of China's Cotton Production 