Analyzing the Relationship between Green Finance and Agricultural Industrial Upgrading: A Panel Data Study of 31 Provinces in China

Abstract

This study examines the impact of green finance on optimizing China’s agricultural industrial structure. It emphasizes the importance of innovative green financial services, improved efficiency, tailored regional approaches, and enhanced foresight to foster a high-level development in the agricultural sector amid China’s economic transformation. Based on the provincial panel data of 31 provinces in China from 2012 to 2021, this study empirically tests the effect mechanism of green finance on the optimization process of the agricultural industrial structure by constructing a fixed-effects model. This study finds that green finance can effectively promote the development of the optimization of the agricultural industrial structure. Under the current trend of China’s economic structural transformation and optimization, we suggest that China should innovate green financial service products, improve the efficiency of green finance, and enhance the depth of green financial services for the optimization of the agricultural industrial structure. It is required to strengthen foresight and improve relevant laws, regulations, policies, and standards. To help green finance be better promoted, a high-level development of the agricultural industrial structure is required.

Can Green Finance Be a Regulator of “Water–Energy–Food” Synergy? Evidence from the Yangtze River Delta

“…The researchers found that green finance can improve environmental conditions and achieve high-quality development while promoting economic growth, and emphasized the role that green finance plays in resource efficiency. Green finance improves water use efficiency [29], energy efficiency [12], and agricultural productivity [21], and reduces carbon emissions as well as other environmental issues arising from the resource production process (often affecting other resources) [11]. Nepal et al further found that, by promoting green technological advances, green finance improves the resilience of the resource system [30].…”

“…Therefore, as shown in Figure 1, green finance, driven by policy orientation, provides a green channel for improving the efficiency of resource utilization and the level of WEF synergy. Green finance eases the financial constraints on infrastructure construction [45], resource technology innovation [30], and system structure adjustment [29,31]. This not only promotes the efficiency of each subsystem but also drives the development of other subsystems [11].…”

The Effect of Industrial Agglomeration on Agricultural Green Production Efficiency: Evidence from China

“…Additionally, industrial agglomeration is helpful for the government's unified supervision of formulating and implementing agricultural green development policies. By creating green production standards to limit production behavior or providing subsidies to promote green production, these policies effectively reduce pollution emissions and increase agriculture green production efficiency [22,23].…”

Sino-US Green Finance Cooperation (2016–2022)—An Empirical Analysis Based on Texts

“…Previous researches focus on the influencing factors and mechanisms of green finance (Sun et al, 2023; Zhang et al, 2022; Zhu et al, 2023), while research on green finance cooperation is relatively scarce. At the same time, previous literature on green finance cooperation starts from theory and analyzes the potential mechanisms of green finance cooperation (Zakari et al, 2022), but fails to effectively combine theoretical analysis with empirical materials, resulting in a lack of scientific evidence to support the conclusions.…”