Does Agricultural Credit Input Promote Agricultural Green Total Factor Productivity? Evidence from Spatial Panel Data of 30 Provinces in China.

Abstract

Improving agricultural green total factor productivity is crucial to promoting high-quality agricultural development. This paper selects the panel data of 30 provinces in China from 2009 to 2020 and uses the super-efficiency SBM model with undesirable outputs to measure the agricultural green total factor productivity of all regions in China. On this basis, this paper uses the panel data fixed-effect model and spatial Durbin model to empirically discuss the impact of agricultural credit input on agricultural green total factor productivity and its spatial spillover effect. The main conclusions are as follows: First, from 2009 to 2020, the average values of agricultural green total factor productivity in national, eastern, central, and western regions are 0.8909, 0.9977, 0.9231, and 0.8068, respectively, and the agricultural green total factor productivity needs to be further improved. Second, the agricultural green total factor productivity presents a significant and positive spatial correlation, and the spatial distribution of agricultural green total factor productivity is not random and irregular. Third, agricultural credit input can significantly promote agricultural green total factor productivity in the local region, but it hinders the improvement of agricultural green total factor productivity in the adjacent regions. Fourth, the impact of agricultural credit input on the agricultural green total factor productivity and its spillover effect has a significant regional heterogeneity. This paper believes that paying attention to the spatial spillover effect of agricultural total factor productivity, optimizing the structure and scale of agricultural credit input, and formulating reasonable agricultural credit policies can improve agricultural green total factor productivity.