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Rural Financial Development Impacts on Agricultural Technology Innovation: Evidence from China

Author

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  • Yuyu Liu

    (School of Accounting, Shandong University of Finance and Economics, Jinan 250014, China)

  • Duan Ji

    (School of Accounting, Shandong University of Finance and Economics, Jinan 250014, China)

  • Lin Zhang

    (School of Law, Shandong University of Technology, Zibo 255000, China)

  • Jingjing An

    (School of Law, Shandong University of Technology, Zibo 255000, China)

  • Wenyan Sun

    (Agricultural Bank of China, Qingdao 266000, China)

Abstract

Agricultural technology innovation is key for improving productivity, sustainability, and resilience in food production and agriculture to contribute to public health. Using panel data of 31 provinces in China from 2003 to 2015, this study examines the impact of rural financial development on agricultural technology innovation from the perspective of rural financial scale and rural finance efficiency. Furthermore, it examines how the effects of rural financial development vary in regions with different levels of marketization and economic development. The empirical results show that the development of rural finance has a significant and positive effect on the level of agricultural technology innovation. Rural finance efficiency has a significantly positive effect on innovation in regions with a low degree of marketization, while the rural financial scale has a significantly positive effect on technological innovation in regions with a high degree of marketization. Further analysis showed that improving the level of agricultural technology innovation is conducive to rural economic development. This study provides new insights into the effects of rural financial development on sustainable agricultural development from the perspective of agricultural technology innovation.

Suggested Citation

  • Yuyu Liu & Duan Ji & Lin Zhang & Jingjing An & Wenyan Sun, 2021. "Rural Financial Development Impacts on Agricultural Technology Innovation: Evidence from China," IJERPH, MDPI, vol. 18(3), pages 1-17, January.
    • Handle: RePEc:gam:jijerp:v:18:y:2021:i:3:p:1110-:d:487743
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    5. Ruifeng Hu & Weiqiao Xu, 2022. "Exploring the Technological Changes of Green Agriculture in China: Evidence from Patent Data (1998–2021)," Sustainability, MDPI, vol. 14(17), pages 1-18, August.
    6. Hong Xu & Baozhen Liu & Kai Lin & Yunyun Zhang & Bei Liu & Mingjie Xie, 2022. "Towards Carbon Neutrality: Carbon Emission Performance of Science and Technology Finance Policy," IJERPH, MDPI, vol. 19(24), pages 1-22, December.
    7. Wenxiong Wang & Ziying Song & Wei Zhou & Yong Jiang & Yuan Sun, 2022. "Evolutionary Game Analysis of Government and Enterprise Behavior Strategies in Public-Private-Partnership Farmland Consolidation," Agriculture, MDPI, vol. 12(11), pages 1-25, November.
    8. Yi-feng Zhang & Min-xuan Ji & Xiu-zhi Zheng, 2023. "Digital Economy, Agricultural Technology Innovation, and Agricultural Green Total Factor Productivity," SAGE Open, , vol. 13(3), pages 21582440231, August.
    9. Xiao Lyu & Yanan Wang & Yuntai Zhao & Shandong Niu, 2022. "Spatio‐temporal pattern and mechanism of coordinated development of “population–land–industry–money” in rural areas of three provinces in Northeast China," Growth and Change, Wiley Blackwell, vol. 53(3), pages 1333-1361, September.

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