Rural Financial Development Impacts on Agricultural Technology Innovation: Evidence from China

Yuyu Liu, Duan Ji, Lin Zhang, Jingjing An and Wenyan Sun
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Yuyu Liu: School of Accounting, Shandong University of Finance and Economics, Jinan 250014, China
Duan Ji: School of Accounting, Shandong University of Finance and Economics, Jinan 250014, China
Lin Zhang: School of Law, Shandong University of Technology, Zibo 255000, China
Jingjing An: School of Law, Shandong University of Technology, Zibo 255000, China
Wenyan Sun: Agricultural Bank of China, Qingdao 266000, China

IJERPH, 2021, vol. 18, issue 3, 1-17

Abstract: Agricultural technology innovation is key for improving productivity, sustainability, and resilience in food production and agriculture to contribute to public health. Using panel data of 31 provinces in China from 2003 to 2015, this study examines the impact of rural financial development on agricultural technology innovation from the perspective of rural financial scale and rural finance efficiency. Furthermore, it examines how the effects of rural financial development vary in regions with different levels of marketization and economic development. The empirical results show that the development of rural finance has a significant and positive effect on the level of agricultural technology innovation. Rural finance efficiency has a significantly positive effect on innovation in regions with a low degree of marketization, while the rural financial scale has a significantly positive effect on technological innovation in regions with a high degree of marketization. Further analysis showed that improving the level of agricultural technology innovation is conducive to rural economic development. This study provides new insights into the effects of rural financial development on sustainable agricultural development from the perspective of agricultural technology innovation.

Keywords: rural financial development; agricultural technology innovation; sustainable development in agriculture; public health (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jijerp:v:18:y:2021:i:3:p:1110-:d:487743

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