Evaluating the impact of the fourth round of China's poverty alleviation program
研究评估了中国第四轮扶贫计划对14个连片特困地区的影响，发现该计划使人均GDP增长超过45%，并显著提高了农村收入、减少了贫困。
Abstract This study evaluates the impact of China's fourth round of the poverty alleviation program, which targeted 14 contiguous destitute areas containing 680 counties and a population of 240 million. From 2012 to 2019, China allocated a total of 813.6 billion yuan (US$126.1 billion), primarily to economic development programs within these 14 areas. Using county‐level data from 2006 to 2019, our difference‐in‐differences and difference‐in‐discontinuities estimates suggest that the program increased GDP per capita in the 14 areas by over 45% from 2012 to 2019, with substantial gains observed in both the agricultural and nonagricultural sectors. Our preferred estimates suggest that the rate of return to the program ranged from 155.8% to 165.8%. Using data from over 14,500 rural households from 2006 to 2015, we find that the program significantly elevated rural income and reduced rural poverty. Although the income growth of extremely poor households was driven more by agricultural income growth, the income growth of relatively poor households primarily resulted from nonagricultural sources.