Research On The Impact Of Financial And Fiscal Synergy On County Multi-Dimensional Relative Poverty Alleviation

The completion of the poverty alleviation task aimed at eliminating absolute income poverty is not the end of poverty alleviation,but only the turning point of poverty alleviation policy adjustment.Solving the "relative Multidimensional Poverty in development" such as capacity poverty and opportunity poverty is undoubtedly the focus of poverty alleviation in the "post poverty era".Only in this way can we consolidate the achievements of poverty alleviation and improve the quality of poverty alleviation.The alleviation of multi-dimensional relative poverty in the "post poverty era" cannot be separated from the support of funds.Financial capital investment and financial capital investment are important sources of funds in relatively poor counties.However,the extensive investment model of financial funds and financial funds can no longer meet the needs of poverty reduction.Optimizing the effect of financial and financial poverty reduction through the synergy of financial and fiscal will become an important force for the development of relatively poor counties in the "post poverty era".Based on the characteristics of China's "post poverty era",this paper constructs the county multi-dimensional relative poverty index from the dimensions of income,ability and opportunity.Supported by the synergy theory,this paper constructs a research framework from the perspective of financial development,financial investment and the synergy between financial and fiscal,and discusses the action mechanism,synergy path and impact effect of Finance and financial poverty reduction.The contents include:(1)theoretical analysis.On the basis of defining the basic concepts,with the help of mathematical models,this paper analyzes the internal mechanism of financial and fiscal to alleviate multi-dimensional relative poverty,improve the development capacity and development opportunities of relatively poor areas,as well as the mechanism,path and effect of financial and fiscal coordination.(2)Status analysis.This paper analyzes the current situation by measuring the multidimensional relative poverty level of the county,analyzing the financial development and financial investment of the relatively poor county,and measuring the synergy level of financial and fiscal.(3)Empirical analysis.This paper discusses the impact of financial development,financial investment and the synergy of financial and fiscal on the overall level of multi-dimensional relative poverty in the county,as well as the three dimensions of income level,development ability and development opportunity,as an empirical test of the theoretical analysis.(4)Policy recommendations.The conclusions include:(1)the poverty problems in all dimensions have been significantly alleviated,the problems of capacity poverty and opportunity poverty can not be underestimated.Among them,the small opportunity of industrial connection,low education level,low population urbanization rate and large income gap between urban and rural residents are still the main bottleneck factors restricting the "developing poverty" in the county.(2)Although the financial capital and financial capital investment in relatively poor counties are increasing,the synergy between financial and fiscal is still not high.(3)The impact of financial development,financial investment and financial and fiscal synergy on the multidimensional relative poverty index and various dimensions of multidimensional relative poverty in relatively poor counties has a threshold effect.The more relatively poor counties with light multidimensional relative poverty,high income level,strong development ability and development opportunities,financial development The positive role of financial investment and the synergy of financial and fiscal in promoting multidimensional relative poverty alleviation in relatively poor counties is more significant.(4)There are differences in the scope of positive effects of financial development,fiscal expenditure and financial and fiscal synergy on multidimensional relative poverty and each dimension and have their own advantages in the process of poverty reduction: the advantages of traditional finance lie in promoting the income growth of rural residents in relatively poor counties,the improvement of education level and the improvement of urbanization rate;The advantages of digital inclusive finance are to reduce the Multidimensional Poverty Index of relatively poor counties,improve the density of roads and enhance the ability of capital formation;The advantage of financial investment lies in promoting the urbanization rate of relatively poor counties;The advantage of the synergy of financial and fiscal lies in promoting the income growth of rural residents in relatively poor counties,the income growth of urban residents,the improvement of industrial upgrading level and the narrowing of the income gap between urban and rural areas.The innovations of this paper are as follows:(1)the research framework of coordinated poverty reduction between financial and fiscal is preliminarily constructed.Based on the synergy theory,this paper discusses the action mechanism,synergy path and impact effect of Finance and fiscal poverty reduction from the perspective of financial development,financial investment and finance and fiscal synergy.(2)The multidimensional relative poverty index of the county is preliminarily constructed.This paper constructs indicators from the dimensions of income,ability and opportunity,and calculates the county multi-dimensional relative poverty index on the basis of considering the depth and intensity of poverty.(3)This paper tentatively measures the level of county finance and fiscal synergy.Based on the synergy degree model,the direct synergy degree,the minimum dispersion coefficient synergy degree and the time trend consistency synergy degree of financial and fiscal in relatively poor counties are calculated.(4)In the empirical analysis of financial and fiscal poverty reduction,the heterogeneity of the poverty degree of relatively poor counties is considered.The multi-dimensional total level of relative poverty and each dimension are set as threshold variables to discuss the poverty reduction effects of financial and fiscal in different poverty ranges,which provides the possibility for a more detailed understanding of the poverty reduction effects of financial and fiscal.