Zhu, M.; Sun, M.; Elahi, E.; Li, Y.; Khalid, Z. Analyzing the Relationship between Green Finance and Agricultural Industrial Upgrading: A Panel Data Study of 31 Provinces in China. Sustainability2023, 15, 9813.
Zhu, M.; Sun, M.; Elahi, E.; Li, Y.; Khalid, Z. Analyzing the Relationship between Green Finance and Agricultural Industrial Upgrading: A Panel Data Study of 31 Provinces in China. Sustainability 2023, 15, 9813.
Zhu, M.; Sun, M.; Elahi, E.; Li, Y.; Khalid, Z. Analyzing the Relationship between Green Finance and Agricultural Industrial Upgrading: A Panel Data Study of 31 Provinces in China. Sustainability2023, 15, 9813.
Zhu, M.; Sun, M.; Elahi, E.; Li, Y.; Khalid, Z. Analyzing the Relationship between Green Finance and Agricultural Industrial Upgrading: A Panel Data Study of 31 Provinces in China. Sustainability 2023, 15, 9813.
Abstract
This study utilized panel data from 31 Chinese provinces over a period of nine years to investigate the impact of green finance on the upgrading of the agricultural industrial structure. A fixed-effect model was employed, and the findings indicate that green financing has a positive effect on the growth of China's agricultural industry. However, regional disparities exist, particularly in the uneven distribution of green financing across the eastern, central, and western regions. Moreover, it emphasizes the need to consider regional differences and tailor development strategies accordingly. To promote further development and transformation of China's agricultural industrial structure, the study recommends innovative green financial products, improved regulations and policies, and the integration of digital technologies.
Keywords
Sustainable Agriculture; Green Finance; Agricultural Industrial Structure; Fixed Effect Model; China
Subject
Business, Economics and Management, Finance
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
