Journal of Jishou University(Social Sciences)

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Study on Direct Financing,Spatial Spillover and Agricultural Modernization——Empirical Analysis Based on Interprovincial Data

SONG Kun,LIN Jia,LIU Xiaoqian   

  1. (College of Economics,Sichuan Agricultural University,Chengdu 611130,China)
  • Online:2018-01-01 Published:2018-01-06

Abstract: Based on related statistical data of 30 provinces from 2009 to 2016,Spatial Panel Regression Model is used to examine the nonlinear spatial relationship between direct financing and agricultural modernization.The results show that there is significant spatial spillover effect between them.Direct financing to the development of agricultural modernization has a significant negative regional and total spatial spillover effects,and the spillover effects between regions is not significant in the short term.However,it has positive significance in regional,inter-regional and total spatial spillover effect in the long term.Meanwhile,the regional spillover effect is larger than the inter-regional spillover effect.Additionally,the total effect of the long-term is the largest among all variables.Therefore,we should expand the scale of direct financing,completely eradicate changing the use of raised funds,strengthen inter-regional agricultural cooperation,and speed up the flow of funds between regions.

Key words: direct financing, agricultural modernization, spatial spillover, Spatial Durbin Model

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