Studies from Arizona State University Provide New Data on Agricultural Insurance (The Role of Agricultural Insurance In Boosting Agricultural Output: an Aggregate Analysis From Chinese Provinces): Agriculture – Agricultural Insurance

2022 JUL 08 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- A new study on Agriculture - Agricultural Insurance is now available. According to news reporting from Mesa, Arizona, by NewsRx journalists, research stated, “Agricultural insurance is a significant driver of agricultural development worldwide. In this paper, a fixed-effects panel approach and instrumental variable regressions are used to examine the impact of agricultural insurance on agricultural output in China.”

Financial supporters for this research include National Social Science Foundation of China, General Project of National Social Science Foundation of China, National Social Science Fund Projects, Southwest University - China, “Kun Yuan” Innovation Team of Southwest University, Key Projects of Special Funds for Basic Scientific Research Expenses of Central Universities.

The news correspondents obtained a quote from the research from Arizona State University, “The study is based on panel data from 31 Chinese provinces over the period 2004 to 2018. Findings indicate that agricultural insurance led to a significant increase in aggregate agricultural output across provinces. The results remain robust when potential endogeneity in insurance uptake is considered. In addition, mechanism tests were performed to identify the channels through which insurance influences productivity. These show that agricultural insurance contributes to increasing labor productivity and the area of cultivated land per capita and encourages specialized planting, all of which promote growth in agricultural production.”

According to the news reporters, the research concluded: “Finally, agricultural insurance plays a more important role in Eastern China and nonmajor crop-producing areas [EconLit Citations: Q13, Q18].”

This research has been peer-reviewed.

For more information on this research see: The Role of Agricultural Insurance In Boosting Agricultural Output: an Aggregate Analysis From Chinese Provinces. Agribusiness, 2022. Agribusiness can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Agribusiness - http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1520-6297)

Our news journalists report that additional information may be obtained by contacting Ashok K. Mishra, Arizona State University, Morrison School of Agribusiness, Wp Carey Sch Business, Mesa, AZ 85212, United States. Additional authors for this research include Baoling Zou, Zanjie Ren and Stefan Hirsch.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1002/agr.21750. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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