Study On The Impact Of Household Production Factor Allocation Efficiency On Relative Poverty

Poverty eradication and relative poverty alleviation are part and parcel of achieving common prosperity and high-quality development.It can improve the development ability,offset the shortcomings of development opportunities,and boost the minimum level of income,which attributes to the all-round development.In addition,it helps to effectively settle the problem of talent,resources and labor challenges caused by economic patterns changes in specific region and urban and rural areas.With the development of new development concept and people’s demand for a better life,the meaning of relative poverty has been changed recently.Under the new situation,a long-term effective system of relative poverty governance still needs to be explored.Firstly,the theoretical foundation should be ensured.After reading pertinent literatures at home and abroad,the author summarizes the literature review about the relevance between the household production factor allocation efficiency and relative poverty and formed his theoretical foundation – the study of the impacts of allocation efficiency of production factor on relative poverty,based on the relative poverty theory,welfare economics theory and the endogenous growth theory.Secondly,the mechanism of household production factor allocation efficiency and relative poverty is analyzed.The author further analyzes the influence of the labor allocation efficiency together with capital allocation efficiency on relative poverty on the basis of GES production function.Then,the efficiency of household factor allocation of production is calculated and analyzed,and the degree of relative poverty is calculated based on FGT index and its decomposition formula,on the basis of which the degree of relative poverty is analyzed.After that,a regression model is constructed to analyze the influence of household factor allocation efficiency on relative poverty,and intervening variables and regulated variables are further introduced to systematically analyze the direct and indirect effects of production factor allocation efficiency on relative poverty.Finally,combined with the mechanical analysis and the empirical results,the author comes to a conclusion and provides some relevant policy suggestions.The result shows that: first,the overall degree of relative poverty is weak and the relative poverty tendency has been alleviated year by year;second,there is a positive correlation between household production factor allocation efficiency and relative poverty;third,choosing an occupation plays an intermediary role between production factor allocation efficiency and relative poverty;fourth,fourth,government subsidies play a moderating role in the allocation efficiency of factors of production and relative poverty;fifth,when the allocation of household factors of production is relatively deprived by the heterogeneity of urban and rural areas,the relative poverty reduction effect of the allocation efficiency of factors of production will be affected according to the comparative advantage between urban and rural areas.Under the guidance of common prosperity ideology,the government is required to systematically promote the governance of relative poverty.The government guidance level should be enhanced and the governance ability transformation of the relative poverty should be promoted.Then,the government should make up the shortcomings of the factor market and accelerate the factor-oriented market reform.What’s more,they are required to gradually facilitate the urban-rural integration and to promote equal public services between urban and rural areas.Last but not the least,endogenous growth of relatively poor groups should be gradually inspired and echelon governance should be implemented under the relative poverty condition.