The Promotion Mechanism And Effect Test Of Rural Finance On Agricultural Green Developmen

Promoting green agricultural development is a profound revolution in the concept of agricultural development and the main direction of structural reform on the supply side of agriculture.In the No.1 Document of the Central Government in 2023,green agricultural development remains one of the main tasks under the framework of comprehensively promoting rural revitalisation.In recent years,China has made significant progress in the development of green agriculture,such as the basic decoupling of agricultural chemical inputs such as fertilizers and pesticides from the level of agricultural output,which has laid an important foundation for the comprehensive promotion of rural revitalization and the modernization of agriculture.However,many challenges still emerge in the process of establishing a sound institutional system for green agricultural development,including the insufficient adoption of green technologies by large-scale households,the need to revitalise agricultural carbon resources,and the insufficient supply of green and organic agricultural products.In the process of green agricultural development,rural finance will continue to play a role as a booster of green agricultural transformation and promote the realisation of agricultural modernisation.Therefore,clarifying the specific mechanism for rural finance to promote green agricultural development can provide a theoretical basis for the direction of deepening reform of rural finance and the formulation of policies for green agricultural development in China,and is of great significance for improving the rural financial service system and achieving high-quality agricultural development.This paper firstly establishes an assessment index system for rural finance and agricultural green development,and uses the entropy weighting method to assess the level of rural financial development and agricultural green development at provincial level in China from 2010 to 2019,according to which the current situation of rural finance and agricultural green development in China is portrayed.Secondly,the specific paths for rural finance to enhance the level of green agricultural development are clarified and empirically tested.Thirdly,the possible spatial spillover effects of the impact of rural finance on the level of green development in agriculture are explored.Finally,policy recommendations are proposed based on the above research findings.The findings of this paper show that:(1)From a temporal perspective,the level of rural financial development across the country has steadily increased over the study period,with the "quantitative expansion" of rural finance showing a smooth upward trend and the "qualitative improvement" of the development level showing an overall upward trend despite certain fluctuations over the period.Spatially,there are large regional differences in the development levels of both,with the eastern region leading the country in both rural finance and agricultural green development.(2)Rural finance has a significant role in promoting green agricultural development,and both "quantitative expansion" and "qualitative improvement" can promote green agricultural development,and there is an interactive effect between the two,with "qualitative improvement" playing a greater role.(3)Rural finance can indirectly promote green agricultural development through the two paths of expanding the scale of farmland operations and accelerating agricultural technology innovation.(4)The improvement in the level of rural financial development in neighbouring provinces does not promote green agricultural development in the province,and provinces with a high level of rural financial development may have a siphoning effect,with a potential risk of hindering green agricultural development in neighbouring provinces.