The Impact of Agricultural Ecological Capital Investment on the Development of Green Circular Economy

Agricultural ecological capital investment aims to achieve the coordinated and sustainable development of agricultural and rural ecology, economy, and society through a series of inputs to a specific range of agricultural ecological resources, ecological environment, and ecological service capacity. Based on the macro data of 31 provinces (including autonomous regions and municipalities) in China, this paper uses coupling coordination and linear regression models to study the impact of agricultural ecological capital investment on green circular economy development. At the same time, considering the differences between active and passive investment, their impacts on green circular economy development are discussed, respectively. The empirical conclusions are as follows. First, agricultural ecological capital investment plays a significant role in promoting the development of the green circular economy on the whole, but the roles of active investment and passive investment are different. Second, agricultural ecological capital investment positively impacts the development of the green circular economy by increasing green inventions and promoting green credit index. Third, the impacts mechanisms of active and passive investment have on green circular economy are different. Fourth, the impact of agricultural ecological capital investment on the green circular economy is regionally heterogeneous