Regional financial development, spatial spillover and capitalization of pig breeding

ABSTRACT

Based on the relevant statistical data of 30 Chinese provinces from 2007 to 2020, the spatial spillover effect of the impact of financial development on the capitalization of hog farming was analysed by establishing a spatial Durbin model based on the capitalization of hog farming in China.The results show that the level of regional financial development has a facilitating effect on the capitalization of hog farming.Meanwhile, the results of decomposition effects show that the regional financial development level has a negative spillover effect on capitalized farming of hogs.The reason for this negative externality may be the siphoning effect of the developed financial industry areas on the capital and non-fixed farming factors in the surrounding areas.

KEYWORDS:

• The capitalization of pig farming
• financial development
• spatial effect
• Durbin model

Disclosure statement

No potential conflict of interest was reported by the author(s).