The Impact of Green Finance on China’s Agricultural Trade

Abstract

Enhancing the effectiveness of green development of the agricultural trade economy with green finance is a practical need to promote the healthy development of agricultural trade. This manuscript empirically analyzes the impact of green finance on China’s agricultural products import and export trade by using provincial-level panel data from 30 Chinese provinces from 2001–2019. The findings show that: (1) Green finance positively impacts China’s agricultural import and export trade at the 1% significant level, expanding the scale of agricultural imports and exports. (2) The positive impact of green finance on China’s agricultural import and export trade is heterogeneous across regions. Accordingly, this paper puts forward policy suggestions such as strengthening the support of green finance to agriculture, focusing on the improvement of green total factor productivity in agriculture, and promoting synergistic regional development through the implementation of differentiation of green finance.