Coupling and coordination between green finance and agricultural green development: Evidence from China

Abstract

Agricultural green development is a path to low-carbon development, and green finance plays a crucial role in promoting agricultural green development. Studying the relationship between the two is important for achieving green economic growth. This paper uses data from the Yellow River Basin of China from 2010 to 2020 to construct a green finance and agricultural green development index using a combination weighting method based on game theory. A coupling and coordination model and a kernel density estimation method were used to analyze the trends of green finance and agricultural green development and the degree of coupling and coordination. The study found that the degree of coupling and coordination between green finance and agricultural green development in the Yellow River Basin has improved from "moderate disorder" to "basic coordination". The kernel density estimation results suggest that the coupling and coordination degree in the Yellow River Basin will gradually evolve toward "basic coordination" or even "good coordination". However, there are still room for development. We draw the conclusion that agriculture needs strong support from green finance to achieve green transformation. This can provide insights for the coordinated development of green finance and agricultural green development in emerging economies.