Did the Financial Support Policy Promote the Development of Agricultural Credit Guarantee?
A double difference model is used to assess the impact of the implementation of fiscal support policies on the development of agricultural credit guarantees in each province from 2016 to 2022.It is found that the financial support policy significantly promotes the development of agricultural credit guarantee,and a series of tests prove that the estimation results are robust,and the policy effect of the financial support policy is more obvious in the eastern region,the region that adopts the form of office to set up agricultural credit guarantee branches,the non-food-producing provinces and the region with a low proportion of agriculture.Meanwhile,the market environment and rural financial development are effective conditions for the financial support policy to promote the development of agricultural credit guarantee which is conducive to the increase of farmers'income and the reduction of the urban-rural income gap.The study shows that the implementation of financial support policy for agricultural credit guarantee should continue to be efficiently promoted to introduce more financial water for the comprehensive revitalization of the countryside and help realize common prosperity.
financial support policyagricultural credit guaranteegovernment interventioncommon prosperity
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