Work

Can Agricultural Credit Promote the Green Transformation of China’s Agriculture?

Year: 2024

Type: article

Abstract: The key to sustainable agricultural development is the transition to an environmentally friendly economic growth model. The development of agricultural credit (AC) plays an important role in promoting the shift of agricultural economic growth toward a green and low-carbon direction. In this context, a key question that needs to be addressed is the theoretical basis for how AC development affects agricultural green total factor productivity (AGTFP), and whether this relationship can be empirically tested. This article analyzes the impact mechanism of China’s AC development on AGTFP and conducts empirical testing using provincial panel data from 2009 to 2019. The results show that AC development significantly contributes to improving AGTFP. In terms of the underlying mechanism, AC development primarily fosters agricultural green technology innovation, thereby enhancing AGTFP.

Source: Sustainability

DOI: 10.3390/su162410944

Authors: Lei Zhang, Lili Xu, Mingzi Gao, Mingdong Zhou

Institutions: Nanjing University of Finance and Economics, Inner Mongolia Agricultural University, Nanjing Agricultural University, Suqian University

Language: English

Topic: Agricultural economics and policies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDGs: Zero hunger, Climate action

Open Access status: gold

Estimated APC paid: $2,728