Study on the sustainable development of food production based on the dual drive of insurance and credit
To innovate the financial services and empower the high-quality transformation and sustainable development of food production,a theoretical framework is established to deconstruct the internal logic and mechanism of the impact of insurance and credit on the sustainable development of food production in the new era.Empirical tests are carried out using benchmark regression and mediation effect models based on the panel data from 30 provinces in China from 2010 to 2020(The data do not include those of Xizang,Hong Kong,Macao and Taiwan regions.The same below).The results show that:1)Insurance and credit have the direct and interactive effects on promoting the sustainable development of food production,which match the supply-side high-quality behavioral needs of farmers in response to the transformation and upgrading of the consumer market;2)Insurance and credit display the spatial heterogeneity characteristic of promoting the sustainable development of food production,and there is an matching imbalance issue between the supply and demand of insurance and credit for the sustainable development of food production in main production areas;3)The results of mechanism test show that insurance and credit have the intermediary effect on promoting the sustainable development of food production through technological innovation,and the technological progress needs both the"escort"of insurance and the"live water breeding"of credit.Therefore,it is necessary to strengthen the innovation of insurance and credit tools required for the transformation and upgrading of food production and high-quality development,strengthen the scale effect of policy insurance and credit required for the sustainable behavior of food production in food functional zones,and build a system of insurance and credit adaptation and lits ong-term mechanism with the goal of sustainable technological change.
food productionsustainable developmentinsurance behaviorcredit behaviormechanism of action