Article in Press
This article is currently in the Just Accepted phase. The final published version may have formatting changes or additional corrections.
Abstract
This paper investigates the interplay between financial means and sustainable agriculture in East Asia by looking into how banking credits and broad money affects food security. The study explores the relationship between economic and agricultural driven factors such as fertilizer, agricultural land, sustainable energy and food production in relation to rural population demographics. Drawing on panel data analysis on East Asian economies over multiple decades, the paper builds on theoretical models such as Endogenous Growth Theory, Resource-Based View and Sustainability Theory. The results suggest nuanced relationships between financial resources and agricultural productivity and the role of broad money creation and domestic credit to which farmers adopt sustainable practices. The findings of this research highlight the need for more efficient allocation of funds, not only towards traditional agricultural investment, but expanded towards rural development and financial services for smallholders. In the midst of growing climate-induced challenges for East Asia, findings in this study suggest to policy makers on how to improve food security through strategic financial interventions for sustainable agriculture and also contribute in environmental sustainability in the agricultural-based system.
