Research on the Impact of Agricultural Financial Support on Agricultural Carbon Compensation Rate

Xiaogeng Niu, Meiyu Liu, Zhenxing Tian () and Anguo Chen
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Xiaogeng Niu: School of Economics, Hebei GEO University, Shijiazhuang 050031, China
Meiyu Liu: School of Economics, Hebei GEO University, Shijiazhuang 050031, China
Zhenxing Tian: School of Economics, Hebei GEO University, Shijiazhuang 050031, China
Anguo Chen: School of Economics, Hebei GEO University, Shijiazhuang 050031, China

Sustainability, 2022, vol. 14, issue 21, 1-15

Abstract: Based on the consideration of the dual attributes of agricultural carbon emission and carbon sink, this study measures the agricultural carbon compensation rate (ACCR) of 31 provinces in China from 2006 to 2019, the impact of agricultural financial support on ACCR and its transmission mechanism are empirically analyzed using a spatial econometric model and intermediary effect model. The results show that: (1) a significant spatial correlation between agricultural financial support and ACCR; (2) increased agricultural financial support is conducive to the improvement of ACCR; (3) agricultural financial support has the most significant effect on the ACCR in the eastern region; (4) the effect of agricultural financial support on ACCR has a spatial spillover effect but is not significant; (5) agricultural technological progress is the intermediary variable that agricultural financial support affecting ACCR. Therefore, it is suggested to promote agricultural emission reduction through collaboration, innovative financial support mechanisms, implementation of differentiated financial support strategies, exerting the radiation effect of financial support to agriculture, and pushing up the level of agricultural mechanization.

Keywords: agricultural financial support; agricultural carbon compensation rate; spatial Durbin model; low-carbon agriculture (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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