Balancing Ecological Capital and Economic Benefits in Agricultural Economics

DOI: https://doi.org/10.62517/jcte.202406402

Author(s)

Yao Yibai*

Affiliation(s)

School of Urban and Environmental Studies, Hunan University of Technology, Hunan, 412007, China *Corresponding Author.

Abstract

This study aims to explore the balance between ecological capital and economic benefits in agricultural economics, with a focus on analyzing how to effectively integrate the dual objectives of ecological protection and economic growth in modern agricultural production. As global ecological crises intensify and the concept of sustainable development deepens, ecological capital, as a resource provided by natural ecosystems for sustainable development, has increasingly become a core topic in academic research and policy-making. Utilizing literature analysis and theoretical construction, this study conducts an in-depth exploration of the relationship between ecological capital and economic benefits by reviewing existing academic research on ecological capital theory and agricultural economic benefits. In the research process, we comprehensively analyze the connotation of ecological capital and its application in agricultural economics, examining the dependence of agricultural development on ecological capital and its potential impact on economic benefits. By comparing the evolution of agricultural economic policies across different periods and regions, this study further establishes a theoretical framework to analyze how ecological capital, driven by policy and regulated by the market, can maximize economic benefits. Our findings suggest that achieving a balance between ecological capital and economic benefits in agricultural economic activities helps improve resource utilization efficiency, maintain ecosystem stability, and supports broader social welfare. Therefore, we propose advancing the harmonious development of ecological capital and economic benefits through policy formulation, market incentives, and technological innovation. This study offers a new theoretical perspective for further exploration of ecological-economic systems in agriculture and provides policymakers with valuable insights.

Keywords

Ecological Capital; Agricultural Economics; Economic Benefits; Sustainable Development; Theoretical Framework

References

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