Realizing green development in agriculture is fundamental to sustained economic development. As a measure to facilitate the transfer of rural population, urbanization is considered to be strategic in promoting agricultural green development. This paper employs a SBM-DDF–Luenberger method to measure agricultural green total factor productivity (AGTFP) and the agricultural labor surplus in China, and empirically tests the heterogeneous effects of household registration urbanization, permanent residence urbanization, and employment urbanization on the efficiency of agricultural green development. The results reveal that: (1) the average annual growth rate of China’s AGFTP is 4.4374%, which is achieved mainly through improvements in green scale efficiency. (2) The agricultural sector in China is suffering a large surplus of labor force, with an estimation of 20.64 million in 2020. (3) Both household registration urbanization and permanent residence urbanization have a significant promoting effect on agricultural green development efficiency, though the former promotes less. (4) Employment urbanization improves agricultural green development efficiency by providing employment guidance for migrant workers, and employment urbanization of the tertiary industry has a more pronounced improvement effect. The findings suggest that governments remove restrictions on the household registration system and actively guide surplus agricultural laborers to engage in urban service industries to provide an impetus for promoting green agricultural development.

Purpose: This study aims to determine how and through what mechanisms the outward foreign direct investment (OFDI) promotion effect of the Belt and Road initiative (BRI-OFDI) affects domestic investment. It is motivated by the context that China is fostering a new development pattern, as well as by the impetus from the Belt and Road initiative for the new pattern.Design/methodology/approach: Drawing on data of Chinese-listed companies, this study uses a difference-in-difference method to explore the effect of the BRI-OFDI on domestic investment and a mediation model to illustrate the mechanisms.Findings: The BRI-OFDI has a significantly positive effect on domestic investment, meaning that the Belt and Road initiative's OFDI promotion effect crowds in domestic investment. The results are heterogeneous: the crowding-in effect mainly exists in non-state-owned and technology-intensive enterprises, while a crowding-out effect is seen in state-owned and labor-intensive enterprises. The easing of corporate financing constraints and the expansion of market demand are two important mechanisms.Originality/value: This study uses the Belt and Road initiative as an exogenous shock to investigate the impact of the initiative-induced OFDI promotion effect on domestic investment. It addresses the potential endogeneity issue confronting the studies on the relationship between OFDI and domestic investment in the literature. The authors focus on the possible spillover effects of the Belt and Road initiative discussing the impact of the BRI-OFDI on domestic investment from the micro-firm perspective. It offers a new perspective to objectively assess the initiative's policy effect.