IDEAS home Printed from https://ideas.repec.org/a/gam/jagris/v12y2022i4p461-d779674.html
   My bibliography  Save this article

The Impact of Agricultural Ecological Capital Investment on the Development of Green Circular Economy

Author

Listed:
  • Fanqi Zou

    (School of Economics and Statistics, Guangzhou University, Guangzhou 510006, China)

  • Tinghui Li

    (School of Economics and Statistics, Guangzhou University, Guangzhou 510006, China)

Abstract

Agricultural ecological capital investment aims to achieve the coordinated and sustainable development of agricultural and rural ecology, economy, and society through a series of inputs to a specific range of agricultural ecological resources, ecological environment, and ecological service capacity. Based on the macro data of 31 provinces (including autonomous regions and municipalities) in China, this paper uses coupling coordination and linear regression models to study the impact of agricultural ecological capital investment on green circular economy development. At the same time, considering the differences between active and passive investment, their impacts on green circular economy development are discussed, respectively. The empirical conclusions are as follows. First, agricultural ecological capital investment plays a significant role in promoting the development of the green circular economy on the whole, but the roles of active investment and passive investment are different. Second, agricultural ecological capital investment positively impacts the development of the green circular economy by increasing green inventions and promoting green credit index. Third, the impacts mechanisms of active and passive investment have on green circular economy are different. Fourth, the impact of agricultural ecological capital investment on the green circular economy is regionally heterogeneous.

Suggested Citation

  • Fanqi Zou & Tinghui Li, 2022. "The Impact of Agricultural Ecological Capital Investment on the Development of Green Circular Economy," Agriculture, MDPI, vol. 12(4), pages 1-21, March.
    • Handle: RePEc:gam:jagris:v:12:y:2022:i:4:p:461-:d:779674
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2077-0472/12/4/461/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2077-0472/12/4/461/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Agrawal, Shalu & Harish, S.P. & Mahajan, Aseem & Thomas, Daniel & Urpelainen, Johannes, 2020. "Influence of improved supply on household electricity consumption - Evidence from rural India," Energy, Elsevier, vol. 211(C).
    2. Kropp, Ian & Nejadhashemi, A. Pouyan & Deb, Kalyanmoy & Abouali, Mohammad & Roy, Proteek C. & Adhikari, Umesh & Hoogenboom, Gerrit, 2019. "A multi-objective approach to water and nutrient efficiency for sustainable agricultural intensification," Agricultural Systems, Elsevier, vol. 173(C), pages 289-302.
    3. Władysława Łuczka & Sławomir Kalinowski & Nadiia Shmygol, 2021. "Organic Farming Support Policy in a Sustainable Development Context: A Polish Case Study," Energies, MDPI, vol. 14(14), pages 1-21, July.
    4. Rasmussen, Laura Vang & Fold, Niels & Olesen, Rasmus Skov & Shackleton, Sheona, 2021. "Socio-economic outcomes of ecological infrastructure investments," Ecosystem Services, Elsevier, vol. 47(C).
    5. Marjan van den Belt & Daniella Blake, 2015. "Investing in Natural Capital and Getting Returns: An Ecosystem Service Approach," Business Strategy and the Environment, Wiley Blackwell, vol. 24(7), pages 667-677, November.
    6. Julia Wojciechowska-Solis & Anetta Barska, 2021. "Exploring the Preferences of Consumers’ Organic Products in Aspects of Sustainable Consumption: The Case of the Polish Consumer," Agriculture, MDPI, vol. 11(2), pages 1-17, February.
    7. Huang, Zhehao & Liao, Gaoke & Li, Zhenghui, 2019. "Loaning scale and government subsidy for promoting green innovation," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 148-156.
    8. Meng Qi & Lei Xie, 2021. "Green Credit, Financial Ecological Environment, and Investment Efficiency," Complexity, Hindawi, vol. 2021, pages 1-14, March.
    9. Kirchherr, Julian & Reike, Denise & Hekkert, Marko, 2017. "Conceptualizing the circular economy: An analysis of 114 definitions," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 221-232.
    10. Angelstam, Per & Barnes, Garth & Elbakidze, Marine & Marais, Christo & Marsh, Alex & Polonsky, Sarah & Richardson, David M. & Rivers, Nina & Shackleton, Ross T. & Stafford, William, 2017. "Collaborative learning to unlock investments for functional ecological infrastructure: Bridging barriers in social-ecological systems in South Africa," Ecosystem Services, Elsevier, vol. 27(PB), pages 291-304.
    11. Schaap, Robbert & Richter, Andries, 2019. "Overcapitalization and social norms of cooperation in a small-scale fishery," Ecological Economics, Elsevier, vol. 166(C), pages 1-1.
    12. Wojciech Goszczyński & Ruta Śpiewak & Aleksandra Bilewicz & Michał Wróblewski, 2019. "Between Imitation and Embeddedness: Three Types of Polish Alternative Food Networks," Sustainability, MDPI, vol. 11(24), pages 1-19, December.
    13. Władysława Łuczka & Sławomir Kalinowski, 2020. "Barriers to the Development of Organic Farming: A Polish Case Study," Agriculture, MDPI, vol. 10(11), pages 1-19, November.
    14. Fairbrass, A. & Mace, G. & Ekins, P. & Milligan, B., 2020. "The natural capital indicator framework (NCIF) for improved national natural capital reporting," Ecosystem Services, Elsevier, vol. 46(C).
    15. Alison Fairbrass & Georgina Mace & Paul Ekins & Ben Milligan, 2020. "The Natural Capital Indicator Framework (NCIF): A framework of indicators for national natural capital reporting," Papers 2005.08568, arXiv.org.
    16. Łuczka, Władysława, 2020. "Institutional Barriers To The Development Of Organic Farming In Poland," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2020(1).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Feng Zhou & Chunhui Wen, 2023. "Research on the Level of Agricultural Green Development, Regional Disparities, and Dynamic Distribution Evolution in China from the Perspective of Sustainable Development," Agriculture, MDPI, vol. 13(7), pages 1-47, July.
    2. Duyen Dang Thi Thuy, 2023. "Energy and Agricultural Development in the Red River Delta Provinces, Vietnam," International Journal of Energy Economics and Policy, Econjournals, vol. 13(4), pages 216-224, July.
    3. Adolfo Vicente Araújo & Caroline Mota & Sajid Siraj, 2023. "Using Genetic Programming to Identify Characteristics of Brazilian Regions in Relation to Rural Credit Allocation," Agriculture, MDPI, vol. 13(5), pages 1-14, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Joanna Smoluk-Sikorska & Mariusz Malinowski, 2021. "An Attempt to Apply Canonical Analysis to Investigate the Dependencies between the Level of Organic Farming Development in Poland and the Chosen Environmental Determinants," Energies, MDPI, vol. 14(24), pages 1-26, December.
    2. Władysława Łuczka & Sławomir Kalinowski & Nadiia Shmygol, 2021. "Organic Farming Support Policy in a Sustainable Development Context: A Polish Case Study," Energies, MDPI, vol. 14(14), pages 1-21, July.
    3. Hanna Górska-Warsewicz & Sylwia Żakowska-Biemans & Dagmara Stangierska & Monika Świątkowska & Agnieszka Bobola & Julita Szlachciuk & Maksymilian Czeczotko & Karol Krajewski & Ewa Świstak, 2021. "Factors Limiting the Development of the Organic Food Sector—Perspective of Processors, Distributors, and Retailers," Agriculture, MDPI, vol. 11(9), pages 1-22, September.
    4. Elżbieta Antczak, 2021. "Analyzing Spatiotemporal Development of Organic Farming in Poland," Sustainability, MDPI, vol. 13(18), pages 1-18, September.
    5. Magdalena Śmiglak-Krajewska & Julia Wojciechowska-Solis, 2021. "Consumer versus Organic Products in the COVID-19 Pandemic: Opportunities and Barriers to Market Development," Energies, MDPI, vol. 14(17), pages 1-22, September.
    6. Aleksandra Kowalska & Julia Wojciechowska-Solis & Milena Bieniek & Monika Ratajczyk & Louise Manning, 2023. "Declared non-buyers of organic food: A study of young British and Polish consumer profiles," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 1, pages 28-50.
    7. Anna Mazurek-Kusiak & Bogusław Sawicki & Agata Kobyłka, 2021. "Contemporary Challenges to the Organic Farming: A Polish and Hungarian Case Study," Sustainability, MDPI, vol. 13(14), pages 1-14, July.
    8. Xiao Yan Zhou & Ben Caldecott & Andreas G. F. Hoepner & Yao Wang, 2022. "Bank green lending and credit risk: an empirical analysis of China's Green Credit Policy," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1623-1640, May.
    9. Wang, Xiaoyu & Peng, Jian & Luo, Yuhang & Qiu, Sijing & Dong, Jianquan & Zhang, Zimo & Vercruysse, Kim & Grabowski, Robert C. & Meersmans, Jeroen, 2022. "Exploring social-ecological impacts on trade-offs and synergies among ecosystem services," Ecological Economics, Elsevier, vol. 197(C).
    10. Xiaohong Zhou & Donghong Ding, 2022. "Factors Influencing Farmers’ Willingness and Behaviors in Organic Agriculture Development: An Empirical Analysis Based on Survey Data of Farmers in Anhui Province," Sustainability, MDPI, vol. 14(22), pages 1-21, November.
    11. Clarisse Mendoza Gonzalvo & Wilson Jr. Florendo Aala & Keshav Lall Maharjan, 2021. "Farmer Decision-Making on the Concept of Coexistence: A Comparative Analysis between Organic and Biotech Farmers in the Philippines," Agriculture, MDPI, vol. 11(9), pages 1-21, September.
    12. Emilia Mary Balan & Cristina Georgiana Zeldea, 2023. "Bioeconomy in Romania: Investigating Farmers’ Knowledge," Sustainability, MDPI, vol. 15(10), pages 1-29, May.
    13. Philippos Karipidis & Sotiria Karypidou, 2021. "Factors that Impact Farmers’ Organic Conversion Decisions," Sustainability, MDPI, vol. 13(9), pages 1-24, April.
    14. Maria Zuba-Ciszewska & Aleksandra Kowalska & Aneta Brodziak & Louise Manning, 2023. "Organic Milk Production Sector in Poland: Driving the Potential to Meet Future Market, Societal and Environmental Challenges," Sustainability, MDPI, vol. 15(13), pages 1-21, June.
    15. Shanshan Guo & Yinghong Wang & Jiu Huang & Jihong Dong & Jian Zhang, 2021. "Decoupling and Decomposition Analysis of Land Natural Capital Utilization and Economic Growth: A Case Study in Ningxia Hui Autonomous Region, China," IJERPH, MDPI, vol. 18(2), pages 1-18, January.
    16. Pina Puntillo, 2023. "Circular economy business models: Towards achieving sustainable development goals in the waste management sector—Empirical evidence and theoretical implications," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(2), pages 941-954, March.
    17. Tina Wiegand & Martin Wynn, 2023. "Sustainability, the Circular Economy and Digitalisation in the German Textile and Clothing Industry," Sustainability, MDPI, vol. 15(11), pages 1-30, June.
    18. German Arana‐Landin & Waleska Sigüenza & Beñat Landeta‐Manzano & Iker Laskurain‐Iturbe, 2024. "Circular economy: On the road to ISO 59000 family of standards," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1977-2009, May.
    19. Chiasson, Guy & Angelstam, Per & Axelsson, Robert & Doyon, Frederik, 2019. "Towards collaborative forest planning in Canadian and Swedish hinterlands: Different institutional trajectories?," Land Use Policy, Elsevier, vol. 83(C), pages 334-345.
    20. Abdulmajeed Almadhi & Abdelhakim Abdelhadi & Rakan Alyamani, 2023. "Moving from Linear to Circular Economy in Saudi Arabia: Life-Cycle Assessment on Plastic Waste Management," Sustainability, MDPI, vol. 15(13), pages 1-22, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jagris:v:12:y:2022:i:4:p:461-:d:779674. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.