Has policy-guided agricultural insurance improved the agricultural economic resilience?—Based on the quasi-natural experiment of full cost insurance and income insurance pilot
Has policy-guided agricultural insurance improved the agricultural economic resilience?—Based on the quasi-natural experiment of full cost insurance and income insurance pilot
Based on a quasi-natural experiment of full-cost insurance and income insurance pilot scheme,the resilience level of China's agricultural economy has been measured by adopting the generalized method of moments,and the influence of policy-guided agricultural insurance on the agricultural economic resilience and its mechanism have been analyzed empirically by utilizing the method of difference-in-difference.The research has found that the overall resilience level of China's agricultural economy is relatively high,showing a fluctuating trend.Policy-guided agricultural insurance could improve the agricultural economic resilience,and a series of robustness tests prove that the conclusion still stands.Policy-guided agricultural insurance could enhance the agricultural economic resilience through promoting large-scale agricultural operations,adjusting agricultural planting structures,and boosting agricultural total factor productivity.The impact of policy-guided agricultural insurance on agricultural economic resilience is more significant in areas with high agricultural natural risk and high dependence on foreign trade.
万方数据