Exploring the Pathways of Green Finance-Enabled High-Quality Development of Agriculture:A Threshold Effect Perspective
Using panel data from 31 provinces from 2013 to 2022,this paper empirically tested the internal logic of the impact of green finance on high-quality agricultural development through Durbin effect model and threshold model.The results show that the green finance loans exert"reverse control"on high energy consumption industries,"shelving"the high-pollution and high-energy-consuming industries,thereby promoting the upgrade and optimization of the industrial structure.The green financing structure shows a significant"demonstration effect"and regional differences,and has an evident agglomeration effect on high-quality development of agriculture.It can also create a healthy external"threshold effect"that effectively prevents the siphoning of funds.From the perspective of time,the impact of green finance on the high-quality development of agriculture follows a positive relationship of diminishing marginal efficiency.From a spatial perspective,green finance in the eight major economic regions follows a stepwise development pattern,decreasing from east to west.Agricultural greening is extending from the Yangtze and Yellow River basins to the northwest,with the"catch-up effect"becoming increasingly prominent.Therefore,this paper proposed relevant policy suggestions,including optimizing the allocation of green finance elements,improving the green finance ecosystem,and strengthening top-level decision-making in green finance.
green financeagricultural industrial structurehigh-quality development
NETL
NSTL
万方数据
