Research On The Impact Of Inclusive Finance On Green Agricultural Production Efficiency

China’s agriculture has developed rapidly in recent decades and made considerable achievements.With the rapid development of agriculture,a series of problems such as serious environmental pollution,low resource utilization rate,and so on have come one after another.At the moment when the ecological environment problems are increasingly prominent,agricultural development not only needs to pursue economic benefits but also needs to consider the impact on the ecological environment.Therefore,promoting green transformation and the development of agriculture is particularly important.Inclusive finance is an important starting point for promoting agricultural development.Under the background of ecological livability,it is significant to explore whether inclusive finance can promote green agriculture development and improve green agriculture’s production efficiency.First,this paper describes the research background and significance,combs the research achievements in the combination of inclusive finance and agriculture at home and abroad,summarizes relevant literature,and provides a foothold for future research in this article.Secondly,this paper analyzes the development status of inclusive finance and green agriculture.Further,it explores the mechanism of inclusive finance on green agricultural production efficiency,which provides an excellent basis for the empirical research on the impact of inclusive finance on green agricultural production efficiency in the following article.Thirdly,DEA-SBM and ML index models are used to calculate the production efficiency of green agriculture and analyze the results from different aspects,such as time and space.Finally,the Tobit model is constructed to explore the impact of inclusive finance on green agricultural production efficiency,and the empirical results are analyzed and tested.The following conclusions are drawn through the empirical analysis of this paper:(1)The overall development trend of inclusive finance is excellent,but the regional gap is large.(2)The level of green agricultural production efficiency has increased yearly,but nonagricultural provinces’ green agricultural production efficiency is higher than that of agricultural provinces.(3)The development scale of inclusive finance has a significant positive impact on the production efficiency of green agriculture,while the coverage of inclusive finance is the opposite.(4)The impact of inclusive financial development on green agricultural production efficiency has apparent regional heterogeneity.(5)Agricultural-related financial expenditure is significantly and positively related to the level of rural human capital and green agricultural production efficiency.In contrast,the scale of agricultural development will inhibit the improvement of agricultural green total factor productivity.According to the research conclusions,this paper puts forward the following three relevant policy recommendations: firstly,Strengthen the main line and promote the reasonable expansion of inclusive finance;secondly,Deepen reform and facilitate the adjustment and upgrading of inclusive financial structure;Third,optimize supporting facilities and coordinate and support green agricultural production factors.