Fiscal and Financial Support for Agriculture and Farmers'Income Increase:Mechanism and Spatial Effect
Viewing from agricultural innovation and rural basic public services,this paper adopts a two-way fixed effects model to analyze the mechanism of fiscal and financial support for agriculture on farmers'income,constructs a spatial Durbin model to examine the spatial effects of fiscal support,financial sup-port,agricultural innovation and rural basic public services on farmers'income by using provincial panel data from 2006 to 2020.The results show that fiscal and financial support for agriculture has a positive effect on farmers'income,with variability over region and time;agricultural innovation and rural basic public services have mediating effects between fiscal and financial support for agriculture and farmers'in-come increase;fiscal support has significant positive direct effect and aggregate effect on farmers'income increase,financial support has significant positive direct,indirect and overall effects,while indirect effect is not significant;both agricultural innovation and rural basic public services have significant posi-tive direct effect and spatial spillover effect in the role of fiscal and financial support on farmers'income increase.
fiscal supportfinancial supportagricultural innovationrural basic public services