The Research On The Poverty Reduction Effect Of Financial Anti-poverty Fund

In December 2011,the central committee held a conference on poverty alleviation and development,and put forward the outline of poverty alleviation and development in rural China(2011-2020),Yunnan province located in the southwestern border of China,mountainous area in the province accounted for 94%.There are four poverty-stricken regions and 73 nationally designated poor counties in the province,therefore,Yunnan is the crucial battleground for poverty alleviation in China.Under the above background,this paper takes main counties of Yunnan province as the research object.Financial anti-poverty fund can affect poverty through multiple channels,the major influencing factors which directly related to the rural poverty includes agricultural production,rural residents income,employment and urbanization.After reading relevant theories and literatures of predecessors,this paper first describes the poverty situation in Yunnan province by using relevant statistics.Then,the related concepts,theories and main poverty reduction channels of rural financial poverty alleviation are explained,which reveals the characteristics and problems of the rural finance poverty alleviation expenditure in China.Next,this paper established simultaneous equation mode and got the estimation result with the aid of the county level data of Yunnan province from 2010 to 2015.The model reflects poverty reduction effect of financial anti-poverty fund under the interaction of each module.On the basis of the estimation result,this article also hypothesized on key exogenous variables of the system(including financial anti-poverty fund,industrial structure,the growth rate of GDP),and simulate the hypothetical scenario.Most of the existing related research directly using the model to estimate the results of financial poverty alleviation effect,few scenario analysis was applied to financial poverty alleviation in the study,this is the innovation point of this paper.According to the empirical results in this paper,the following main conclusions are drawn:(1)Financial anti-poverty fund has poverty reduction effect on agricultural production,household income,employment and urbanization,but there are differences in each endogenous variable.Among them,the most affected one is rural residents income,impact on employment is relatively weak;(2)Agricultural production is the main way of financial poverty alleviation for a long time.It can be seen from the empirical study results,the financial anti-poverty expenditure has a significant effect on agricultural production,and regional poverty also have a direct relationship with the local agricultural production;(3)The development of tertiary industry has a significant effect on rural employment and population urbanization;(4)Large-scale economic development has obvious impact on rural residents'income and non-agricultural employment while accelerating the pace of economic growth,and ultimately alleviating rural poverty.