Economic Performance of Fiscal anti-Poverty Funds in China

Tongwei Qiu, Xinjie Shi, Yifei Li and Biliang Luo

Journal of Development Studies, 2024, vol. 60, issue 6, 895-913

Abstract: In 2013, China launched her targeted poverty alleviation, and a large amount of fiscal anti-poverty funds have been invested. However, whether the enormous fiscal anti-poverty funds have had a positive impact on the local economy has been ambiguous. This study investigates the impact of fiscal anti-poverty funds on local economic growth, drawing on Chinese fiscal data at the county level. Our results indicate that fiscal anti-poverty funds are not conducive to local economic growth. Further analysis reveals that anti-poverty funds reduce fiscal support for the service industry, manufacturing industry, enterprise development, and technical innovation. This is because impoverished counties are forced to supply extra fiscal anti-poverty funds, which leads to compression of fiscal expenditures in other areas due to local deficient finance.

Date: 2024
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DOI: 10.1080/00220388.2023.2284662

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