Research on Mechanism and Effects of Green Finance on Agricultural Green Development
In the background of the"double carbon",agricultural green development has become a strategic choice at the national level.As a catalyst and accelerator for promoting green and sustainable development of agriculture,green finance has been continuously empowering the green transformation and upgrading of agriculture.Therefore,it is of great significance to study the impact and mechanism of green finance on agricultural green development.Based on the provincial panel data of China from 2011 to 2020,this paper applies the entropy method to construct the comprehensive index of green finance and agricultural green development and then uses the panel data regression model to test the impact and mechanism of green finance on agricultural green development.The results indicate that green finance had a significant promoting effect on the green development of agriculture;green technology played a mediating role in promoting agricultural green development by green finance;the impact of green finance on agricultural green development not only exhibits regional and sub-dimensional heterogeneity but also has a threshold effect depend on environmental regulations.Based on this,it is recommended to promote agricultural green development by improving the green finance service system,strengthening the leading of technology,promoting differentiated development of green finance,and flexibly formulating environmental regulatory policies to enhance the effects of green finance in promoting agricultural green development.
green financegreen technologyagricultural green development