An Empirical Study of Rural Financial Development on Poverty Alleviation Based on Interprovincial Panel Data
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This paper studies the relationship between rural financial development and poverty alleviation under government intervention by adopting interprovincial panel date from 2008 to 2018. A cross term between government intervention and rural financial development is added to the empirical model to examine the relationship between rural financial development and poverty reduction under the influence of government intervention. The result demonstrates that rural financial development has always promoted poverty alleviation; rural financial development efficiency plays an adverse effect on poverty reduction while rural financial development under government interference benefits poverty relief. At last, some policy suggestions are put forward for the rural financial development in China to better promote poverty alleviation on the basis of the research conclusion of the empirical analysis.
Interprovincial Panel Date, Rural Financial Development, Poverty Alleviation, Empirical Study