An"inverted U-shaped"relationship between agricultural insurance coverage level and agri-cultural income:from perspective of agricultural industry integration
Based on the panel data of 30 provinces in China(excluding Hong Kong,Macao,Taiwan and Xizang)from 2008 to 2020,the fixed effect model,Ⅳ-2SLS method and other tools were adopted to explore the impact of ag-ricultural insurance coverage level on agricultural income and its mechanism path.It was found that there was a sig-nificant and robust"inverted U-shaped"relationship between the agricultural insurance coverage level and agricultur-al income,with a turning point value of 83.09%for the agricultural insurance coverage level.The agricultural indus-try integration played a part of the mesomeric effect in the mechanism of agricultural insurance coverage level promo-ting agricultural income increase,with the mesomeric effect accounting for 82.24%.Thus,it was proposed to accel-erate the innovation of agricultural insurance products and the expansion of insurance liabilities,promote the"addi-tion,upgrading,and expansion"of agricultural insurance,and provide comprehensive risk protection for increasing agricultural income.
agricultural insurance coverage levelagricultural incomeagricultural industry integration