An Empirical Study On The Impact Of Rural Inclusive Finance On Agricultural Green Total Factor Productivity

Rural inclusive finance is beneficial to alleviate the unreasonable “exclusion”phenomenon of rural financial market,promoting the effective allocation of financial resources in the field of ’ agriculture,rural areas and farmers ’,thus realizing high-quality growth of agricultural economy.In recent years,the state has continuously issued policy documents to deepen the supply-side structural reform of rural finance and improve the inclusiveness of rural finance to match the transformation and upgrading of agricultural industry.In addition,in the context of “rural revitalization” and “double carbon” strategies,it is increasingly urgent to promote the construction of green agriculture and modern agriculture.Based on the above practical problems and policy background,this paper incorporates environmental pollution factors into the total factor productivity which measures the quality of agricultural development,and conducts a systematic study on rural inclusive finance and agricultural green total factor productivity.The main contents of this paper include the following aspects: First,through a comprehensive review of the existing literature,the relevant concepts are defined and the specific methods of quantitative research are determined.Then combined with the theory of“financial exclusion” and “financial function view”,the internal mechanism of rural inclusive financial development promoting agricultural green total factor productivity growth is analyzed.Second,taking various provinces in China as the research object,using appropriate index variables and measurement methods,this paper quantitatively analyzes the development level of rural inclusive finance and agricultural green total factor productivity,and discusses the temporal trend and spatial characteristics.Third,establishing an econometric model to empirically test the role of rural inclusive financial development in promoting agricultural green total factor productivity growth;under the premise of ensuring the reliability of benchmark regression by means of robustness test and endogeneity treatment,we further analyze the specific mechanism and discuss the heterogeneity of explanatory variables in different dimensions.The core conclusions of this paper are as follows: Overall,the development of rural inclusive finance in China is gradually improving,but there is a certain gap between different regions.Although the growth of agricultural green total factor productivity is slow in some provinces,the transformation momentum of agricultural greenness and modernization in some regions is still flourishing.At the same time,economically developed regions achieve faster economic growth at the cost of environmental damage,resulting in lower agricultural green total factor productivity than economically underdeveloped regions.The empirical results verify that the development of rural inclusive finance promotes the growth of agricultural green total factor productivity: rural inclusive finance can promote agricultural technology innovation,but cannot improve agricultural technology efficiency.In addition,the various dimensions of rural inclusive finance have played a certain role.This paper studies the important role of rural financial inclusion in the sustainable development of the agricultural industry,and puts forward corresponding countermeasures and suggestions according to the reality reflected in the research conclusions.Compared with the previous literature,this research is richer and more comprehensive,while the research findings are also very robust.of course,there are some shortcomings in some issues.In conclusion,the research results of this article have certain theoretical and practical value in the field of rural finance and agricultural economy.