Does Agricultural Insurance Promote the Green Development of Agriculture in China?
Agricultural insurance is a booster for the green development of agriculture in China.Based on the provincial panel data of China from 2005 to 2020,this paper takes the agricultural green to-tal factor productivity as the measure of green development level,and calculates the agricultural green to-tal factor productivity of China by using the super-efficiency SBM model and Malmquist-Luenberger pro-ductivity index.The impact of agricultural insurance on agricultural green total factor productivity is ana-lyzed through the two-way fixed effect model.The research shows that agricultural insurance significantly promotes the growth of agricultural green total factor productivity.For every 1%increase in agricultural insurance premium income,agricultural green total factor productivity will increase by 0.024%.Thus,ag-ricultural insurance plays a role in promoting the green development of agriculture in China.Mechanism analysis reveals that optimizing factor allocation is an effective mechanism for agricultural insurance to en-hance agricultural green total factor productivity,and agricultural insurance has no significant effect on promoting the expansion of agricultural green production frontier in China.Heterogeneity analysis finds that agricultural insurance plays a stronger role in promoting agricultural green total factor productivity in areas with weak agricultural credit,western regions,non-grain production areas and areas with low land transfer rate,demostrating its green inclusive effect.Further analysis suggests that agricultural insurance can promote the application of green agricultural technologies,such as no-tillage,precision sowing and less sowing,and straw returning to the field.Based on these findings,policy recommendations are pro-posed to improve the agricultural insurance premium subsidy system,enhance the level of agricultural in-surance protection and introduce green insurance products.
agricultural insurancegreen development of agricultureagricultural green total fac-tor productivityresource allocationgreen agricultural technology