The Research On The Impact Of Government Intervention And Financial Development On Poverty Relief

In the past 40 years of reform and opening up,China has been committed to poverty alleviation and development,and the number of poor people has decreased drastically.The proportion of poverty alleviation population in the total scale of global poverty reduction has exceeded 70%.It can be said that it has achieved great achievements that have attracted worldwide attention.At the same time,however,we should also realize that the current construction of a comprehensive well-off society has entered the final sprint stage,and China's poverty alleviation work is still not satisfactory.For a long time,extensive poverty alleviation has left many problems to be solved urgently.The goal of building a well-off society is still arduous and arduous.Financial poverty alleviation is an important part of China's fight against poverty,but what is the actual effect of financial poverty reduction? What role does government intervention play in it? Under the new normal of economic development,we will deeply study the effects of government intervention and financial development on poverty alleviation,clarify the r elationship between the government and the market in anti-poverty work,and realize the benign interaction between regional financial development and poverty alleviation,and realize the early realization of China.Comprehensive poverty alleviation has imp ortant practical significance.Based on the basic connotation and measurement of government intervention,financial development and poverty alleviation,this paper first discusses the mechanism of government intervention and financial development on povert y alleviation;then uses statistical analysis methods to briefly describe China's government intervention,financial development and poverty.On the basis of this,the financial development level index and the level of local government intervention are the core explanatory variables,and a series of control variables such as economic development level,industrial structure,fixed asset investment,human capital level and opening degree are introduced.The nonlinear interaction panel data model was constructed to study the effects of local government intervention and financial development on poverty alleviation.In addition,the central government's fiscal expenditures account for a large proportion of China's fiscal expenditures at all levels,and has a great impact on the slowdown of poverty.In view of the large differences in the economic structure and resource endowments among regions,the response to the impact of central government expenditures.There will also be some significant differences,so this paper also introduces the analysis of the interaction effect of the central fiscal expenditure shock as a common factor in the empirical analysis to measure the sensitivity difference of each province(city)to the central fiscal expenditure.Based on the data of 30 inter-provincial panels in China from 1996 to 201 6,this paper tests and analyzes the data model of nonlinear interaction effect panel.The results show that there is a significant nonlinear relationship between financial development and poverty alleviation,with the development of China's finance.As the level continues to increase,the positive impact of financial poverty reduction gradually emerges.Second,after joining the factors of government intervention,this influence has changed.When financial development is at a low mechanism,local government intervention is conducive to the effect of financial poverty reduction;conversely,when financial development is at a high mechanism,local government intervention It will “drag” the impact of financial development on poverty alleviation.In addition,there is a significant difference in the sensitivity of response to government intervention at the central level.In general,the western region has the largest response,followed by the central region and the eastern region.This is because the central and western regions have their own economic base compared to the eastern region.Weak and poor,so the reliance on central financial support is greater and the response is more sensitive.Last of all,based on the results of empirical analysis,China's financial assistance for poverty alleviation and tackling the relevant policy recommendations are put forward.