Physical, human, and social capital and economic growth affecting the adoption of new technology by paddy-rice farmers in the Vietnamese

Abstract

The adoption of technology in the agricultural sector is the most critical factor for the success of the agricultural sector, and recent studies and regulators must focus on this aspect. Consequently, this article investigates the effect of physical capital, such as agricultural land, raw material import, and access to electricity, human capital, social capital, and economic development, on technology adoption in Vietnam's agricultural sector. The secondary source was used to extract data from the World Development Indicators (WDI) database between 1991 and 2021. In addition, the dynamic autoregressive distributed lag (DARDL) method was used to examine the relationship between the variables. The results revealed that agricultural land, raw material import, access to electricity, human capital, social capital, and economic development are positively associated with adopting technology in Vietnam's agricultural sector. The article assists policymakers in formulating technological adoption policies in the agricultural sector by promoting adequate physical, social, and human capital and robust economic growth.