Disaster Impact,Inclusive Credit,and Loss of Agricultural Production Efficiency——The Intermediary of Financial Exclusion and Factor Crowding-out
This paper uses the data of China Household Finance Survey(CHFS)in 2015 and 2019 to examine the impact and mechanism of disaster shocks on agricultural production efficiency,and explores the moderating effect of inclusive credit.It is found that the significant impact of disasters has led to a loss of agricultural production efficiency.Secondly,the impact of disasters exacerbates financial exclusion and creates a crowding out effect on capital and land,resulting in a loss of agricultural production efficiency.Among them,capital has a complete mediating effect,while land has a partial mediating effect.However,the withdrawal of labor from the agricultural sector does not lead to a loss of agricultural pro-duction efficiency.Thirdly,inclusive credit support measures such as improving credit availability,expanding credit scale,and extending credit terms can effectively avoid the negative impact of disaster shocks on agricultural production.
disaster impactinclusive creditagricultural production efficiency
NETL
NSTL
万方数据
