Shandong Agricultural University Researcher Describes Research in Agricultural Insurance (Empirical Analysis on the Effect of Agricultural Insurance on Production–Based on panel data of 31 provinces and cities in China from 2008 to 2018)

2020 DEC 28 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Current study results on agricultural insurance have been published. According to news reporting originating from Shandong Agricultural University by NewsRx correspondents, research stated, “This paper uses panel data of Insurance Statistics Yearbook and the National Bureau of Statistics of China in 31 provinces and cities from 2008 to 2018.”

Our news journalists obtained a quote from the research from Shandong Agricultural University: “The random effects model is used to study the direction and intensity of agricultural production impacts from agricultural insurance and its compensation. The collinearity robustness and endogeneity tests are carried out as the empirical results. It shows that agricultural insurance has a significant promotion effect on the agricultural output, and its influence will increase with the growth of risks. From the regional sub-sample regression results, agricultural insurance in the central and eastern of China is more significant than the western.”

According to the news reporters, the research concluded: “Therefore, China should continue to vigorously promote the reform and innovation of agricultural insurance and its system, expand the coverage of agricultural insurance, and accelerate its high-quality.”

For more information on this research see: Empirical Analysis on the Effect of Agricultural Insurance on Production--Based on panel data of 31 provinces and cities in China from 2008 to 2018. E3S Web of Conferences, 2020,214():01013. (E3S Web of Conferences - http://www.e3s-conferences.org/). The publisher for E3S Web of Conferences is EDP Sciences.

A free version of this journal article is available at https://doi.org/10.1051/e3sconf/202021401013.

Our news editors report that additional information may be obtained by contacting Caifei Lv, Shandong Agricultural University School of Economics and Management.

(Our reports deliver fact-based news of research and discoveries from around the world.)