The Impact of Agricultural Insurance on Agricultural Production: An Empirical Study Based on Anhui Province of China

Abstract

This paper uses the panel data of 16 prefecture-level cities in Anhui Province, China, from 2008 to 2017 as research samples and elaborates on the mechanism of agricultural insurance's impact on agricultural production from pre-disaster and post-disaster perspectives, and sets up a dynamic differential GMM panel data model. Empirical research on the influence of agricultural insurance in Anhui Province on agricultural production. It concluded that the short-term and long-term effects of the pre-disaster impacts of agricultural insurance in Anhui Province have a positive impact on agricultural production, and the post-disaster impact of agricultural insurance has a positive impact on agricultural production. Therefore, the total effect of agrarian insurance in Anhui Province is favourable to the impact of agricultural production. The development of agrarian insurance promotes the level of agricultural output.