The impact of infrastructure investment on multidimensional poverty. Evidence from Chinese rural migrant workers

IF 2.8 2区经济学 Q1 ECONOMICS

Economic Systems Pub Date : 2024-09-01 DOI:10.1016/j.ecosys.2024.101239

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引用次数: 0

Abstract

Multidimensional poverty is an important issue of the world economy. The present paper uses data from China Migrants Dynamic Survey (CMDS) from 2015 to 2018 and macro data at the prefectural level to investigate the impact of infrastructure investment on multidimensional poverty of rural migrant workers. First, we find relatively high incidence of multidimensional poverty among rural migrant workers. Second, we find that infrastructure investment can significantly reduce poverty. Such result is robust after considering various forms of endogeneity and robustness tests. Government intervention strengthens alleviation effect of infrastructure investment on multidimensional poverty, whereas financial development weakens such effect. The multiplier effects and marginal benefits of infrastructure investment is relatively small at present, shown in the limitations in enhancement in social security and lodgment of rural migrant workers. Infrastructure investment related to transportation and telecommunication has the greatest effects in reducing poverty and the effects are stronger in regions with lower income.

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基础设施投资对多维贫困的影响。来自中国农民工的证据

多维贫困是世界经济的重要问题。本文利用2015-2018年中国农民工动态调查（CMDS）数据和地市级宏观数据，研究基础设施投资对农民工多维贫困的影响。首先，我们发现农民工的多维贫困发生率相对较高。其次，我们发现基础设施投资能够显著减少贫困。在考虑了各种形式的内生性和稳健性检验后，这一结果是稳健的。政府干预加强了基础设施投资对多维贫困的缓解效应，而金融发展则削弱了这种效应。目前，基础设施投资的乘数效应和边际效益相对较小，这表现在加强社会保障和农民工安置方面的局限性。与交通和电信有关的基础设施投资在减贫方面的效果最大，而且在收入较低的地区效果更强。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Systems ECONOMICS-

CiteScore

4.90

自引率

0.00%

发文量

审稿时长

48 days

期刊介绍： Economic Systems is a refereed journal for the analysis of causes and consequences of the significant institutional variety prevailing among developed, developing, and emerging economies, as well as attempts at and proposals for their reform. The journal is open to micro and macro contributions, theoretical as well as empirical, the latter to analyze related topics against the background of country or region-specific experiences. In this respect, Economic Systems retains its long standing interest in the emerging economies of Central and Eastern Europe and other former transition economies, but also encourages contributions that cover any part of the world, including Asia, Latin America, the Middle East, or Africa.