Unveiling the role of agricultural insurance in driving rural industry revitalization in China.
Heliyon
; 10(14): e34483, 2024 Jul 30.
Article
in En
| MEDLINE
| ID: mdl-39104506
ABSTRACT
This study aims to investigate the influence of agricultural insurance on the development of the agricultural industry. Employing the functional decomposition approach in systems engineering, we analyze the mechanisms by which agricultural insurance affects the development of rural industries. Additionally, we conduct an empirical analysis using panel data from Chinese provinces between 2011 and 2019, employing a two-way fixed effects model. The findings reveal a substantial and positive impact of agricultural insurance on the development of rural industries. Furthermore, we identify regional heterogeneity in the influence of agricultural insurance on rural industry development. Specifically, in major grain-producing provinces, the effect of agricultural insurance on rural industry development is not statistically significant. In contrast, non-grain-producing provinces experience a significantly positive impact on rural industry development from agricultural insurance. The outcomes of this study offer valuable insights for policymakers to promote rural industry development through the effective utilization of agricultural insurance.
Full text:
1
Collection:
01-internacional
Database:
MEDLINE
Language:
En
Journal:
Heliyon
Year:
2024
Document type:
Article
Affiliation country:
China
Country of publication:
Reino Unido