Public expenditure has failed to provide social protection and income redistribution benefits due to issues such as targeting error and elite capture. Increasing the efficiency of the poverty reduction system calls for adaptive adjustments. Finally, this study highlights China’s poverty reduction experiences and analyzes current challenges, which serve as inspiration for consolidating poverty-reduction achievements, combating relative poverty, and attaining countryside vitalization.
onsdag 18. desember 2024
Zhan Wang: Poverty Reduction in China. Experiences and Measurement of Effects
This study employs the generalized method of moments (GMM) and panel vector autoregression (PVAR) models for a multi-factor quantitative dissection of China’s poverty reduction process across multiple stages, using provincial panel data from 2000 to 2019. According to our research, economic growth and social development are the key drivers of poverty reduction in China, but the trickle-down effect of economic growth is diminishing and marketization is having a lesser pro-poor effect.
