Can fiscal and financial synergy ensure food security—Empirical evidence based on provincial panel data
Based on panel data at the provincial level from 2009 to 2020,this study empirically tests the impact of fiscal and financial synergy on grain production using a panel bidirectional fixed effects model.Research has shown that fiscal and financial synergy can significantly promote food production,and the results still hold true even after addressing endogeneity issues,replacing dependent variables,lagging explanatory variables by one period,and excluding directly administered municipality.The threshold analysis results show that differences in total factor productivity lead to a threshold effect on the impact of fiscal and financial synergy on grain production.In regions with high total factor productivity,fiscal and financial synergy has a greater promoting effect on grain production.Heterogeneity analysis shows that compared with the eastern and non grain producing regions,the fiscal and financial synergistic effects of the western and northeastern regions,as well as the grain producing regions,are greater.Therefore,in steadily advancing the food security strategy,attention should be paid to the synergistic effect of fiscal and financial policies.
fiscal and financial synergyfood securitytotal factor productivitypanel threshold model
万方数据
