The Efficiency of Rural Public Finance Inputs in Promoting Rural Revitalization: Empirical Analysis Based on Henan Province, China


  • Chaoyang Tu Economics school, Sichuan Agricultural University, Chengdu, China
  • Zhenyu Chen Affairs Service Center of Ecological Environment of Liaoning Province, Shenyang, China
  • Zheng Peng Faculty of Economics and Social Sciences, Budapest University of Technology and Economics, Budapest, Hungary
  • Yasir Habib Institute of Energy Policy and Research, Universiti Tenaga Nasional, Kajang, Malaysia



Agriculture, rural public finance, data envelopment approach, Malmquist model


The No.1 document of the Central Government of China has been on the theme of "agriculture, rural areas and farmers" for nearly ten years, placing the solution of "agriculture, rural areas and farmers" at the forefront of the Chinese government's work. Located in the Central Plains, Henan Province in China is one of the major agricultural provinces in China and plays an extremely important role in the field of agricultural production in China. This paper uses an empirical approach and the DEA-Malquist model to study the efficiency of rural public financial inputs to rural revitalisation in Henan Province. The results show that due to different levels of regional economic development, the efficiency of rural public finance investment in Henan Province in promoting rural revitalisation varies, and there is a phenomenon of unreasonable allocation of funds. At the same time, the region's agricultural base also has a greater impact on the efficiency of financial investment. Therefore, Henan Province should adjust measures according to the different regional economic levels and agricultural bases to improve the efficiency of the use of fiscal funds.


Alsagr, N. (2023). Financial efficiency and its impact on renewable energy investment: Empirical evidence from advanced and emerging economies. Journal of Cleaner Production, 401, 136738.

Binswanger, H. P., Khandker, S. R., & Rosenzweig, M. R. (1993). How infrastructure and financial institutions affect agricultural output and investment in India. Journal of Development Economics, 41(2), 337–366.

Czubak, W., Pawłowski, K. P., & Sadowski, A. (2021). Outcomes of farm investment in Central and Eastern Europe: The role of financial public support and investment scale. Land Use Policy, 108, 105655.

Ding, J., Liu, B., & Shao, X. (2022). Spatial effects of industrial synergistic agglomeration and regional green development efficiency: Evidence from China. Energy Economics, 112, 106156.

Dinlersoz, E. M., & Fu, Z. (2022). Infrastructure investment and growth in China: A quantitative assessment. Journal of Development Economics, 158, 102916.

Dong, F., Zhang, Y., Zhang, X., Hu, M., Gao, Y., & Zhu, J. (2021). Exploring ecological civilization performance and its determinants in emerging industrialized countries: A new evaluation system in the case of China. Journal of Cleaner Production, 315, 128051.

Dosso, M., Cassi, L., & Mescheba, W. (2023). Towards regional scientific integration in Africa? Evidence from co-publications. Research Policy, 52(1), 104630.

Du, Y., & Wang, W. (2023). The role of green financing, agriculture development, geopolitical risk, and natural resource on environmental pollution in China. Resources Policy, 82, 103440.

Frakes, A., Joshi, O., & Poudyal, N. C. (2022). Understanding regional economic impacts of recreation spending at a public lake: A case study in rural Oklahoma, USA. Journal of Outdoor Recreation and Tourism, 39, 100504.

Gao, H. (2019). Public land leasing, public productive spending and economic growth in Chinese cities. Land Use Policy, 88, 104076.

Hu, J., Hu, M., & Zhang, H. (2023). Has the construction of ecological civilization promoted green technology innovation? Environmental Technology & Innovation, 29, 102960.

Hu, P. (2022). Evaluation algorithm of coastal city ecological civilization development level based on improved BP neural network. Journal of Environmental Management, 321, 116039.

Huang, P., & Westman, L. (2021). China’s imaginary of ecological civilization: A resonance between the state-led discourse and sociocultural dynamics. Energy Research & Social Science, 81, 102253.

Huang, Z. M., & Liang, Y. M. (2020). Digital protection and inheritance of ancient villages in southwest minority areas under the strategy of rural revitalization. Technological Forecasting and Social Change, 160, 120238.

Hung, N. T. (2023). Green investment, financial development, digitalization and economic sustainability in Vietnam: Evidence from a quantile-on-quantile regression and wavelet coherence. Technological Forecasting and Social Change, 186, 122185.

Jiang, W., Li, X., Liu, R., & Song, Y. (2022). Local fiscal pressure, policy distortion and energy efficiency: Micro-evidence from a quasi-natural experiment in China. Energy, 254, 124287.

Kazemi, F., & Hosseinpour, N. (2022). GIS-based land-use suitability analysis for urban agriculture development based on pollution distributions. Land Use Policy, 123, 106426.

Khan, N., Ray, R. L., Zhang, S., Osabuohien, E., & Ihtisham, M. (2022). Influence of mobile phone and internet technology on income of rural farmers: Evidence from Khyber Pakhtunkhwa Province, Pakistan. Technology in Society, 68, 101866.

Kozera, A., Satoła, Ł., Standar, A., & Dworakowska-Raj, M. (2022). Regional diversity of low-carbon investment support from EU funds in the 2014–2020 financial perspective based on the example of Polish municipalities. Renewable and Sustainable Energy Reviews, 168, 112863.

Lara-Rubio, J., Navarro-Galera, A., Buendía-Carrillo, D., & Gómez-Miranda, M. E. (2022). Analysing financial risks of local governments to design sustainability policies for public services: An empirical study by the population size. Cities, 128, 103795.

Li, Y., Westlund, H., & Liu, Y. (2019). Why some rural areas decline while some others not: An overview of rural evolution in the world. Journal of Rural Studies, 68, 135–143.

Liu, J., Ren, Y., Hong, Y., & Glauben, T. (2023). Does forest farm carbon sink projects affect agricultural development? Evidence from a Quasi-experiment in China. Journal of Environmental Management, 335, 117500.

Lodi, C., Marin, G., & Modica, M. (2023). The public finance response to floods of local governments in Italy. Journal of Environmental Management, 332, 117352.

Lu, Y., & Qian, J. (2023). Rural creativity for community revitalization in Bishan Village, China: The nexus of creative practices, cultural revival, and social resilience. Journal of Rural Studies, 97, 255–268.

Masduki, U., Rindayati, W., & Mulatsih, S. (2022). How can quality regional spending reduce poverty and improve human development index? Journal of Asian Economics, 82, 101515.

Nan, S. (2022). Study on the Relation of Grassroots Corruption and Government Expenditure. Procedia Computer Science, 199, 1031–1035.

Osei, M. J., & Kim, J. (2023). Financial development and the growth effect of foreign direct investment: Does one size fit all? International Economics, 173, 276–283.

Qian, Z., Tu, Y., & Zhou, Z. (2022). The impact of financial development on the income and consumption levels of China’s rural residents. Journal of Asian Economics, 83, 101551.

Shao, F. (2022). New energy industry financial technology based on machine learning to help rural revitalization. Energy Reports, 8, 13970–13978.

Shen, J., & Chou, R.-J. (2022). Rural revitalization of Xiamei: The development experiences of integrating tea tourism with ancient village preservation. Journal of Rural Studies, 90, 42–52.

Shikur, Z. H. (2020). Agricultural policies, agricultural production and rural households’ welfare in Ethiopia. Journal of Economic Structures, 9(1), 50.

Szafraniec-Siluta, E., Zawadzka, D., & Strzelecka, A. (2022). Application of the logistic regression model to assess the likelihood of making tangible investments by agricultural enterprises. Procedia Computer Science, 207, 3894–3903.

Tang, L., & Sun, S. (2022). Fiscal incentives, financial support for agriculture, and urban-rural inequality. International Review of Financial Analysis, 80, 102057.

Wang, J., Qu, L., Li, Y., & Feng, W. (2023). Identifying the structure of rural regional system and implications for rural revitalization: A case study of Yanchi County in northern China. Land Use Policy, 124, 106436.

Wang, W., Li, K., Liu, Y., Lian, J., & Hong, S. (2022). A system dynamics model analysis for policy impacts on green agriculture development: A case of the Sichuan Tibetan Area. Journal of Cleaner Production, 371, 133562.

Wang, W., Xu, Q., Xia, G., Dong, X., & Bao, C. (2023). Constructing a paradigm of environmental impact assessment under the new era of ecological civilization in China. Environmental Impact Assessment Review, 99, 107021.

Wang, Y., Wang, X., Zhang, Z., Cui, Z., & Zhang, Y. (2023). Role of fiscal and monetary policies for economic recovery in China. Economic Analysis and Policy, 77, 51–63.

Xiao, H., Zheng, X., & Xie, L. (2022). Promoting pro-poor growth through infrastructure investment: Evidence from the Targeted Poverty Alleviation program in China. China Economic Review, 71, 101729.

Xu, K., Shi, B., Pang, J., & Yin, C. (2023). The effect of participation in ecological public welfare positions on farmers’ household income composition and the internal mechanism. Journal of Cleaner Production, 385, 135557.

Yang, J., Yang, R., Chen, M.-H., Su, C.-H. (Joan), Zhi, Y., & Xi, J. (2021). Effects of rural revitalization on rural tourism. Journal of Hospitality and Tourism Management, 47, 35–45.

Yang, Q., Gao, D., Song, D., & Li, Y. (2021). Environmental regulation, pollution reduction and green innovation: The case of the Chinese Water Ecological Civilization City Pilot policy. Economic Systems, 45(4), 100911.

Yin, Q., Sui, X., Ye, B., Zhou, Y., Li, C., Zou, M., & Zhou, S. (2022). What role does land consolidation play in the multi-dimensional rural revitalization in China? A research synthesis. Land Use Policy, 120, 106261.

Zeng, X., Zhao, Y., & Cheng, Z. (2021). Development and research of rural renewable energy management and ecological management information system under the background of beautiful rural revitalization strategy. Sustainable Computing: Informatics and Systems, 30, 100553.

Zeng, Y., He, K., Zhang, J., & Li, P. (2023). Adoption and ex-post impacts of sustainable manure management practices on income and happiness: Evidence from swine breeding farmers in rural Hubei, China. Ecological Economics, 208, 107809.

Zhang, H., Zhang, J., & Song, J. (2022). Analysis of the threshold effect of agricultural industrial agglomeration and industrial structure upgrading on sustainable agricultural development in China. Journal of Cleaner Production, 341, 130818.

Zhang, L., Wang, H., Zhang, W., Wang, C., Bao, M., Liang, T., & Liu, K. (2022). Study on the development patterns of ecological civilization construction in China: An empirical analysis of 324 prefectural cities. Journal of Cleaner Production, 367, 132975.

Zhang, L., Zhuang, Y., Ding, Y., & Liu, Z. (2023). Infrastructure and poverty reduction: Assessing the dynamic impact of Chinese infrastructure investment in sub-Saharan Africa. Journal of Asian Economics, 84, 101573.

Zhang, Q., Ye, C., & Duan, J. (2022). Multi-dimensional superposition: Rural collaborative governance in Liushe Village, Suzhou City. Journal of Rural Studies, 96, 141–153.

Zhong, T., Zhang, X., Huang, X., & Liu, F. (2019). Blessing or curse? Impact of land finance on rural public infrastructure development. Land Use Policy, 85, 130–141.

Zhou, Q., Liu, Y., & Qu, S. (2022). Emission effects of China’s rural revitalization: The nexus of infrastructure investment, household income, and direct residential CO2 emissions. Renewable and Sustainable Energy Reviews, 167, 112829.

Zou, C., Huang, Y., Hu, S., & Huang, Z. (2023). Government participation in low-carbon technology transfer: An evolutionary game study. Technological Forecasting and Social Change, 188, 122320.

Zou, C., Huang, Y., Wu, S., & Hu, S. (2022). Does "low-carbon city" accelerate urban innovation? Evidence from China. Sustainable Cities and Society, 83, 103954.




How to Cite

Tu, C., Chen, Z., Peng, . Z., & Habib, Y. (2023). The Efficiency of Rural Public Finance Inputs in Promoting Rural Revitalization: Empirical Analysis Based on Henan Province, China. Review of Economic Assessment, 2(1), 73–86.