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Fiscal agricultural expenditures' impact on sustainable agricultural economic development: Dynamic marginal effects and impact mechanism

Zhang, Shengfang ; Zhang, Xiaodong Kyriakopoulos, Grigorios L.

PloS one, 2024-02, Vol.19 (2), p.e0299070-e0299070 [Periódico revisado por pares]

United States: Public Library of Science

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  • Título:
    Fiscal agricultural expenditures' impact on sustainable agricultural economic development: Dynamic marginal effects and impact mechanism
  • Autor: Zhang, Shengfang ; Zhang, Xiaodong
  • Kyriakopoulos, Grigorios L.
  • Assuntos: Agriculture ; Analysis ; Biology and Life Sciences ; China ; Ecology and Environmental Sciences ; Economic aspects ; Expenditures ; Fiscal Policy ; Health Expenditures ; Investments ; People and Places ; Social Sciences ; Sustainable agriculture ; Sustainable development
  • É parte de: PloS one, 2024-02, Vol.19 (2), p.e0299070-e0299070
  • Notas: ObjectType-Article-1
    SourceType-Scholarly Journals-1
    ObjectType-Feature-2
    content type line 23
    Competing Interests: The authors have declared that no competing interests exist.
  • Descrição: Sustainable agricultural economic development is the core task for achieving the objective of rural revitalization strategy in China, which cannot be separated from the support and guidance of fiscal policy, and agricultural industry integration is a key path for the fiscal promotion of sustainable agricultural economic development. This paper systematically examines the interaction mechanism between fiscal agricultural expenditures and sustainable agricultural economic development by using 31 provincial panel data in China from 2008 to 2020 and adopting a two-way fixed effect model, a panel quantile model, and a mediating effect model, respectively. The results show that the impact of fiscal agricultural expenditures on sustainable agricultural economic development is significantly positive, and appears a dynamic increasing trend with the agricultural development stage upgrading. Moreover, heterogeneity analysis shows that the effect of fiscal agricultural expenditures is more obvious for the samples in the central region and with a high share of primary industry. Further, a mediating effect test finds that agricultural industry integration plays a mediating mechanism between fiscal agricultural expenditures and sustainable agricultural economic development. Therefore, this paper proposes constructing a long-term investment mechanism for fiscal agricultural expenditures, formulating differentiated fiscal support policies for agriculture, and prioritizing support for agricultural industry integration, which provides theoretical support and policy inspiration for promoting sustainable agricultural economic development.
  • Editor: United States: Public Library of Science
  • Idioma: Inglês
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