Research Article

Land Circulation, Scale Operation, and Agricultural Carbon Reduction Efficiency: Evidence from China

Table 3

Results of benchmark regression.

Explanatory variablesAgricultural CRE
Model (1)Model (2)Model (3)

Land circulation1.046 (0.051)0.386 (0.119)0.379 (0.121)
Farmland area0.005 (0.001)0.003 (0.001)
Planting structure−0.800 (0.197)−0.589 (0.196)
Human capital−0.032 (0.031)−0.067 (0.036)
Effective irrigation rate0.358 (0.114)0.276 (0.112)
Agricultural disaster rate−0.022 (0.052)0.005 (0.051)
Product price−0.027 (0.047)−0.039 (0.063)
Production cost0.046 (0.073)−0.140 (0.109)
Farmer income0.400 (0.076)0.158 (0.088)
Urbanization rate−0.004 (0.023)0.003 (0.022)
Financial support−0.003 (0.000)−0.002 (0.000)
Policy regulation0.038 (0.022)0.474 (0.116)
Constant term0.213∗∗∗ (0.013)0.479 (0.245)0.952 (0.326)
Region fixed effectsYESYESYES
Time fixed effectsNONOYES
F-statistic22.9223.0124.39
R20.520.640.68
Observation420420420

The bracketed figures represent standard errors; , , and indicate that the corresponding variable passes significance test at 1%, 5%, and 10%, respectively. The following table also means the same.