Table 6. Analysis of the impact...

Table 6.

Analysis of the impact mechanism of green subsidies on farmers’ low-carbon production transition

Variables	Expectation effects mechanism			Scale effect mechanism			Wealth effect mechanism
	Model (1)	Models (2)	Models (3)	Models (4)	Models (5)	Models (6)	Models (7)	Models (8)	Models (9)
	Low-carbon production transition	Expected return	Low-carbon production transition	Low-carbon production transition	Farming scale	Low-carbon production transition	Low-carbon production transition	Investment capacity	Low-carbon production transition
Green subsidies	0.172*** (0.028)	0.237* (0.128)	0.160*** (0.028)	0.172*** (0.028)	31.114* (16.608)	0.165*** (0.028)	0.172*** (0.028)	0.846** (0.355)	0.158*** (0.028)
Expected return			0.049*** (0.010)
Farming scale						0.000** (0.000)
Investment capacity									0.016*** (0.004)
Control variable	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled

Variables	Expectation effects mechanism			Scale effect mechanism			Wealth effect mechanism
	Model (1)	Models (2)	Models (3)	Models (4)	Models (5)	Models (6)	Models (7)	Models (8)	Models (9)
	Low-carbon production transition	Expected return	Low-carbon production transition	Low-carbon production transition	Farming scale	Low-carbon production transition	Low-carbon production transition	Investment capacity	Low-carbon production transition
Green subsidies	0.172*** (0.028)	0.237* (0.128)	0.160*** (0.028)	0.172*** (0.028)	31.114* (16.608)	0.165*** (0.028)	0.172*** (0.028)	0.846** (0.355)	0.158*** (0.028)
Expected return			0.049*** (0.010)
Farming scale						0.000** (0.000)
Investment capacity									0.016*** (0.004)
Control variable	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled

Note(s): *; ** and ***indicate significant at the 1, 5 and 10% levels, respectively, and numbers in parentheses are robust standard errors

Source(s): Authors’ own creation

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