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Published in: Economic Change and Restructuring 2/2024

01-04-2024

Empowering rural development: the socioeconomic impact of energy transition and sustainable agriculture

Authors: Yue Wang, Jianmin Cao

Published in: Economic Change and Restructuring | Issue 2/2024

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Abstract

The convergence of agricultural sustainability and energy transition is a powerful force that can completely reshape socioeconomic environments, and rural development is at the center of this transformation. With the goal of clarifying their combined influence on rural areas, this brief study investigates the linked dynamics between adopting sustainable farming methods and switching to clean energy sources. This study takes an innovative and dynamic approach to investigate the fundamental effects of farmers’ creative entrepreneurship on agricultural and rural economic performance in China. Panel data covering thirty provinces between 2015 and 2020 are used in the research, and various geographical matrices of weight are systematically taken into account. According to the empirical results, low urbanization is visible in the geographical distribution of innovative rural businesses, and there are also apparent positive regional spillover and radiation-driving effects. These effects are particularly noticeable in areas with comparable degrees of urbanization. Furthermore, various locations with varying patterns of grain production and family income levels are shown to have varied impacts. In the end, the study highlights the importance of closely tying farmers’ creativity and business skills together and offers empirical proof for the requirement of implementing unique and targeted incentive programs for rural entrepreneurship in the context of the shifting economic landscape.

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Literature
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Metadata
Title
Empowering rural development: the socioeconomic impact of energy transition and sustainable agriculture
Authors
Yue Wang
Jianmin Cao
Publication date
01-04-2024
Publisher
Springer US
Published in
Economic Change and Restructuring / Issue 2/2024
Print ISSN: 1573-9414
Electronic ISSN: 1574-0277
DOI
https://doi.org/10.1007/s10644-024-09668-z

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