| The issue of "three rural areas" is a fundamental issue related to the people’s livelihood of the country.Since the reform and opening up,China’s rural economy and the income level of rural residents have made great progress,and basically completed the construction of a moderately prosperous society in 2020,and achieved a comprehensive victory in the battle against poverty in 2021.However,China’s rural development model is still not free from the rough development model,the utilization rate of agricultural resources is still not high,agricultural pollution is still intensifying,and the green development of agriculture is imperative.In the year of 2022,the Central Document No.1 pointed out to strengthen the comprehensive management of agricultural surface pollution and promote the green development of agriculture.2023 Central Document No.1 also emphasized the need to promote the green development of agriculture.The No.1 document of the Central Government in 2022 pointed out that financial services for rural revitalization should be strengthened,and education on rural financial knowledge popularization and protection of financial consumer rights should be enhanced.No.1 document of the Central Government in 2023 pointed out that the linkage mechanism between government investment and financial and social investment should be improved,and financial and social capital should be leveraged to invest more in agriculture and rural areas according to market-oriented principles.In the early stage of green agricultural development,as the burning of straw is banned and inputs of chemical fertilizers and pesticides are reduced,it will inevitably increase the cost of agricultural production and reduce agricultural output and farmers’ income.Inclusive finance can provide financial support for agricultural production at the early stage of green agricultural development to bridge the capital gap and stabilize farmers’ income;at the middle and late stage of green agricultural development,inclusive finance can provide financial support for the upgrading and promotion of green agricultural production technology to further promote green agricultural development.Therefore,inclusive finance has important theoretical and practical significance for promoting green agricultural development and improving the efficiency of green agricultural production.Hubei Province is an important province in central China and an important bridge connecting the east,middle and west of China.Studying the impact of inclusive finance on agricultural green efficiency in Hubei Province is of great theoretical and practical significance to both inclusive finance and agricultural green development in China.Therefore,taking Hubei Province as an example,this paper firstly analyzes the current situation of inclusive finance and green agricultural development in Hubei Province and finds out the shortcomings of the development;After that,the green productivity measurement index system of agriculture was constructed,and then the super-efficient SBM model and GML index model were used to analyze the green productivity of agriculture in Hubei Province in depth from two levels,static and dynamic,in conjunction with the actual situation.Finally,the Tobit model is used to analyze the impact of financial inclusion on agricultural green efficiency and give corresponding suggestions.The main conclusions of this paper are:(1)The development level of inclusive finance in Hubei Province has been increasing year by year,but there are still regional differences,and the overall trend is "high in the east and low in the west".The level of financial inclusion development in all prefectures in Hubei Province shows an increasing trend and is generally positive.However,by comparing all regions,we find that there are differences in the level of financial inclusion development among regions and cities(states)in Hubei Province,showing a trend of "high in the east and low in the west".(2)Although the overall agricultural green production efficiency value in Hubei Province is high,it is not fully effective.The average value of agricultural green production efficiency in Hubei Province is less than 1,which means that agricultural green production in Hubei Province is not fully effective,mainly because of the low efficiency of agricultural green production technology and unreasonable input management and scale.By region,the efficiency value of agricultural green production in central Hubei is significantly higher than that in eastern Hubei and western Hubei,and the efficiency value in western Hubei is the lowest.Among cities(states),Xianning has the highest average value of agricultural green production efficiency,while Wuhan,Huanggang and Yichang are relatively low.(3)The total index of financial inclusion has a significant positive effect on Hubei Province as a whole and on East Hubei,and a significant negative effect on Central Hubei and West Hubei.The financial inclusion coverage breadth index and the usage depth index have a significant contribution to Hubei Province as a whole and to each region.Digitization has a positive effect on Hubei Province as a whole and on East and West of Hubei,and a significant negative effect on Hubei Central. |
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