The food security dividend: how green finance-induced rural revitalisation strengthens agricultural resilience

Abstract

Green finance (GF) has become crucial for improving agricultural infrastructure in rural areas. This study aims to identify the role of GF-induced rural revitalisation in enhancing agricultural resilience (AR). At the same time, the association between food security and AR is determined, followed by the impact of education and environmental regulation on AR. The quantitative data were collected from the “Food and Agriculture Organisation of the United Nations” for different Asian countries (Cambodia, China, Pakistan, Myanmar, India, Indonesia, Laos, Mongolia, Nepal, Sri Lanka, the Philippines, Thailand, Uzbekistan and Vietnam). The selected timeframe ranged from 2012 to 2022. The descriptive statistics, correlation analysis and multiple old regression models were applied to the data. The results obtained show that GF, environmental regulation, and education boost agricultural productivity ( p < 0.05), whereas higher climate risk reduces it. GF and rural income significantly improve productivity ( p < 0.05), leading to an enhancement of AR. This helps in decreasing food insecurity. Environmental regulation and education are both key drivers of better productivity. AR has generally increased over the years with some ups and downs. Moreover, GF levels differ widely between countries. However, agricultural leaders such as China, Thailand, Indonesia and India tend to have stronger AR and GF. Higher education scores are associated with better agricultural productivity and stronger environmental regulations to attain AR. Finally, productivity levels vary greatly between the selected countries. This study emphasises the integration of GF in agricultural infrastructure to enhance AR and food security.