DOES THE POLICY OF FINANCIAL SUBSIDIES FOR AGRICULTURAL INSURANCE CONTRIBUTE TO ENSURING FOOD SECURITY FOR POVERTY ALLEVIATION? EVIDENCE FROM CHINA

Qunxi Kong, Rongrong Li, Dan Peng and Zoey Wong
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Qunxi Kong: School of Industrial Development, Nanjing University of Finance & Economics, Nanjing 210003, P. R. China
Rongrong Li: School of Industrial Development, Nanjing University of Finance & Economics, Nanjing 210003, P. R. China
Dan Peng: ��School of Business, Nanjing University, Nanjing 210093, P. R. China
Zoey Wong: ��School of Business, Nanjing University, Nanjing 210093, P. R. China

The Singapore Economic Review (SER), 2023, vol. 68, issue 04, 1303-1322

Abstract: China’s current agricultural policy includes a wide range of agricultural subsidies, but the overall effect and levels of protection are low. China’s continued use of agricultural subsidies to ensure national food security is important in the context of global poverty alleviation. We examine the effect of agricultural insurance financial subsidy policies on food security using a difference-in-difference model with data from 285 Chinese cities from 1978 to 2019. These agricultural insurance subsidies have a significant positive effect on food security, with the most noticeable improvements in the northeast region. Reform and redesign of the subsidy system for greater flexibility and coverage are needed to safeguard China’s food security.

Keywords: Food security; agricultural subsidies; policy effect; poverty alleviation; heterogeneity (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S0217590821440045

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