Open AccessThe Dynamic Effects of Agricultural Insurance Development on the Optimization of Agricultural Industrial Structure—Generalized Method of Moments Estimation Based on Dynamic Panel Model
Author(s) -
Li Qinru
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/831/1/012039
Subject(s) - agriculture , diversification (marketing strategy) , panel data , business , investment (military) , agricultural productivity , china , government (linguistics) , industrial organization , agricultural economics , economics , econometrics , ecology , linguistics , philosophy , marketing , politics , political science , law , biology
As an important tool of agricultural risk diversification, agricultural insurance plays a positive role in the optimization of agricultural industrial structure and is one of the important means to support agriculture and benefit agriculture in China at the present stage. Based on the 2010-2019 panel data of 30 provinces (autonomous regions and municipalities) in China, this paper uses the systematic generalized method of moments to empirically investigate the impact of agricultural insurance development on the optimization of agricultural industrial structure. The research results show that the development of agricultural insurance has a significant role in promoting the optimization and upgrading of the agricultural industrial structure in both the long-term and short-term. In addition, agricultural labor force, economic development level, and agricultural risk level all have a significant positive impact on the optimization of agricultural industrial structure. The fixed asset investment of farmers has a certain negative impact on the optimization of the agricultural industry structure. Finally, relevant countermeasures and suggestions are put forward based on the empirical results. The government should combine the needs of industrial structure upgrading, develop new types of insurance, and take measures to stabilize agricultural production.