Climate Change and Farmers’ Household Financial Vulnerability: Evidence From China
Climate change is one of the most severe threats to human survival and a significant factor influencing financial stability. Different from previous studies, this paper investigates the economic impact of climate change at the micro level based on data from China Meteorological Administration databa...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-07-01
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| Series: | Frontiers in Environmental Science |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2022.908428/full |
| _version_ | 1828779881717039104 |
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| author | Sen Yang Kai Zou Tianyi Lei Zehua Ni Jingyi Yang |
| author_facet | Sen Yang Kai Zou Tianyi Lei Zehua Ni Jingyi Yang |
| author_sort | Sen Yang |
| collection | DOAJ |
| description | Climate change is one of the most severe threats to human survival and a significant factor influencing financial stability. Different from previous studies, this paper investigates the economic impact of climate change at the micro level based on data from China Meteorological Administration database, and China Household Finance Survey (CHFS) 2017 released in 2019. The empirical findings indicate that climate change contributes to the financial vulnerability of farmers’ households, which is confirmed following robustness tests. The mechanism analysis reveals that climate change has effects on rural households’ financial vulnerability via farmers’ health, credit availability, and agricultural output. Furthermore, the effect of climate change on farmers’ household financial vulnerability (HFV) is more pronounced in farmers with lower education levels. The changes in temperature and precipitation show different intensity effects in different areas, but all of them provide reasonable heterogeneity mechanisms. This paper’s policy value is demonstrated by the fact that it uncovers the effects of climate change on farmers’ HFV, information that may be useful for addressing climate change and rural financial stability. |
| first_indexed | 2024-12-11T17:09:34Z |
| format | Article |
| id | doaj.art-e50855a359d647c08a300122f79c0a10 |
| institution | Directory Open Access Journal |
| issn | 2296-665X |
| language | English |
| last_indexed | 2024-12-11T17:09:34Z |
| publishDate | 2022-07-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj.art-e50855a359d647c08a300122f79c0a102022-12-22T00:57:35ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2022-07-011010.3389/fenvs.2022.908428908428Climate Change and Farmers’ Household Financial Vulnerability: Evidence From ChinaSen Yang0Kai Zou1Tianyi Lei2Zehua Ni3Jingyi Yang4College of Business, Huanggang Normal University, Huanggang, ChinaSchool of Finance, Zhongnan University of Economics and Law, Wuhan, ChinaSchool of Finance, Zhongnan University of Economics and Law, Wuhan, ChinaBeijing Institute of Technology, Beijing, ChinaBeijing Institute of Technology, Beijing, ChinaClimate change is one of the most severe threats to human survival and a significant factor influencing financial stability. Different from previous studies, this paper investigates the economic impact of climate change at the micro level based on data from China Meteorological Administration database, and China Household Finance Survey (CHFS) 2017 released in 2019. The empirical findings indicate that climate change contributes to the financial vulnerability of farmers’ households, which is confirmed following robustness tests. The mechanism analysis reveals that climate change has effects on rural households’ financial vulnerability via farmers’ health, credit availability, and agricultural output. Furthermore, the effect of climate change on farmers’ household financial vulnerability (HFV) is more pronounced in farmers with lower education levels. The changes in temperature and precipitation show different intensity effects in different areas, but all of them provide reasonable heterogeneity mechanisms. This paper’s policy value is demonstrated by the fact that it uncovers the effects of climate change on farmers’ HFV, information that may be useful for addressing climate change and rural financial stability.https://www.frontiersin.org/articles/10.3389/fenvs.2022.908428/fullclimate changefarmers’ household financial vulnerabilitylivelihood capitalscredit constraintshealthagricultural output |
| spellingShingle | Sen Yang Kai Zou Tianyi Lei Zehua Ni Jingyi Yang Climate Change and Farmers’ Household Financial Vulnerability: Evidence From China Frontiers in Environmental Science climate change farmers’ household financial vulnerability livelihood capitals credit constraints health agricultural output |
| title | Climate Change and Farmers’ Household Financial Vulnerability: Evidence From China |
| title_full | Climate Change and Farmers’ Household Financial Vulnerability: Evidence From China |
| title_fullStr | Climate Change and Farmers’ Household Financial Vulnerability: Evidence From China |
| title_full_unstemmed | Climate Change and Farmers’ Household Financial Vulnerability: Evidence From China |
| title_short | Climate Change and Farmers’ Household Financial Vulnerability: Evidence From China |
| title_sort | climate change and farmers household financial vulnerability evidence from china |
| topic | climate change farmers’ household financial vulnerability livelihood capitals credit constraints health agricultural output |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2022.908428/full |
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