Synergistic Effect of Agricultural Insurance and Agricultural Credit on Agricultural Economic Development
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Abstract
: Agricultural insurance and agricultural credit, as the two major grips of financial support for agriculture, are of great significance in promoting agricultural economic development and realizing the rural revitalization strategy. This paper selects panel data of 31 provinces in China from 2007-2019 and uses Tobit model to explore the intrinsic relationship between agricultural insurance, agricultural credit and agricultural economic development, as well as the impact of the synergistic effect of the two on agricultural economic development, based on theoretical and empirical analysis. The conclusions show that both agricultural insurance and agricultural credit positively contribute to the development of the agricultural economy and that they have positive synergistic effects on agricultural economic development, but with regional differences.