Impact of Labor Migration and Foreign Exchange Inflow on Rural Poverty Reduction
--Evidence from China in 1980-2021
DOI:
https://doi.org/10.54691/bcpbm.v25i.1849Keywords:
Foreign exchange inflow, Labor migration, Rural poverty reductionAbstract
Foreign exchange inflow plays a crucial role in rural poverty reduction and economic growth in developing countries. Taking China as an example, the authors analyzed the role of labor migration and agricultural foreign exchange inflow in alleviating rural poverty. Based on the time series data from 1980 to 2021, this paper investigated the historical incidence of poverty in China. Moreover, the effects of agricultural development, dynamic migration and foreign exchange inflow on rural poverty reduction in China were deeply analyzed by using the autoregressive distributed lag model (ARDL) from the perspectives of long-term and short-term estimation. Finally, effective measures to reduce poverty were proposed from the aspects of rural incentive plan, introduction of agricultural irrigation technology and provision of economic and technical subsidies, and inspiration to rural targeted poverty alleviation of other developing countries was pointed out.
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