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Tytuł:
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The nonlinear effect of financial and fiscal policies on poverty alleviation in China-An empirical analysis of Chinese 382 impoverished counties with PSTR models.
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Autorzy:
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Kuang X; School of Economics and Trade, Hunan University, Changsha, China.
Liu H; School of Economics and Trade, Hunan University, Changsha, China.
Guo G; School of Economics, Huazhong University of Science and Technology, Wuhan, China.
Cheng H; School of Economics, Huazhong University of Science and Technology, Wuhan, China.
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Źródło:
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PloS one [PLoS One] 2019 Nov 05; Vol. 14 (11), pp. e0224375. Date of Electronic Publication: 2019 Nov 05 (Print Publication: 2019).
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Typ publikacji:
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Journal Article
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Język:
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English
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Imprint Name(s):
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Original Publication: San Francisco, CA : Public Library of Science
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MeSH Terms:
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Fiscal Policy*
Models, Econometric*
Poverty Areas*
Poverty/*prevention & control
China ; Humans ; Poverty/statistics & numerical data ; Program Evaluation ; Regression Analysis
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Entry Date(s):
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Date Created: 20191106 Date Completed: 20200402 Latest Revision: 20200402
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Update Code:
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20240104
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PubMed Central ID:
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PMC6830824
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DOI:
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10.1371/journal.pone.0224375
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PMID:
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31689319
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Using panel smooth transition regression (PSTR) models, this paper studies the effects of financial and fiscal policies on poverty reduction across 382 poverty-stricken counties in China. The findings are that both fiscal and financial policies have a positive influence on poverty reduction, and their relationships are nonlinear. For either a high or low degree of poverty, fiscal policies are effective for poverty reduction, while financial policies have a greater impact on poverty reduction when there is a medium degree of poverty. Therefore, in deciding which policies should be prioritized for reducing poverty, the level of poverty should be taken into account. To be more specific, when a portfolio of poverty-reduction policies is implemented, fiscal policies should be prioritized at the beginning, when the incidence of poverty is high. Then, financial support should come to the forefront as the poverty level drops, and fiscal support should be stepped up when the poverty level continues to drop.
Competing Interests: The authors have declared that no competing interests exist.
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