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The Impact of Economic Growth and Public Investment on Poverty Reduction in China
ZHOU Yang1,2,3,4, TONG Chun-yang1,2,3,4
1.Institute of Geographic Sciences and Natural Resource Research,CAS, Beijing 100101, China; 2.Key Laboratory of Regional Sustainable Development Modeling, CAS, Beijing 100101, China; 3.Center for Assessment and Research on Targeted Poverty Alleviation, CAS, Beijing 100101, China; 4.University of Chinese Academy of Sciences, Beijing 100049, China
Abstract By using the provincial scale panel data from 1985 to 2016, this paper establishes an econometric model to analyze the evolution of the poverty population and the incidence of poverty in China’s rural areas, to measure the poverty reduction effect of economic growth, public investment and policy evolution. The results show that economic growth has played a major role in poverty alleviation in rural areas. The growth of agricultural production has a significant impact on the reduction of poverty incidence. However, with the development of society, the poverty reduction effect of economic growth presents a law of diminishing marginal effect. In the new stage of poverty alleviation and development, public investment in rural areas can drive the poor out of poverty. At the same time, supplementing targeted poverty alleviation and social security policies will also help reduce the incidence of poverty. Therefore, rural infrastructure needs to be increased in the near future. Public service investment is also an important means of alleviating rural poverty. The findings of this paper can provide decision support for a new round of poverty reduction policies and the smooth development of the rural reform strategy after 2020.
2019, Vol. 36 
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