National Agricultural Green Development Pioneer Zone and Enterprise Total Factor Productivity: Empirical Evidence from Chinese Agricultural Enterprises
DOI:
https://doi.org/10.62051/2w37ds27Keywords:
National Agricultural Green Development Pioneer Zone; Agricultural enterprise total factor productivity; Government subsidies; Technological innovation; Industrial agglomeration.Abstract
The construction of the National Agricultural Green Development Pioneer Zone represents a crucial strategic direction for promoting green transformation in agriculture and advancing high-quality agricultural development. This paper treats the green agricultural development pilot zone initiative as a quasi-natural experiment, selecting A-share agricultural listed enterprises from 2005 to 2024 as the research sample, and employs the staggered difference-in-differences (DID) method to empirically examine the impact of the green agricultural development pilot zone policy on agricultural enterprise total factor productivity (TFP). The findings reveal that: (1) The green agricultural pilot zone policy effectively enhances agricultural enterprise TFP, and this conclusion remains robust after conducting a series of robustness tests including parallel trends test, placebo test, and PSM-DID test. (2) Heterogeneity analysis demonstrates that the policy effects are more pronounced in asset-light enterprises, enterprises in central regions, and major grain-producing areas. (3) Mechanism analysis indicates that the policy operates through three pathways: increasing government subsidies, enhancing technological innovation, and promoting industrial agglomeration. This study evaluates policy effects from the enterprise micro-level perspective, providing empirical support and policy implications for China's continued advancement of green agricultural development and improvement of the agricultural support policy system.
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