Reinforcing poverty alleviation efficiency through technological innovation, globalization, and financial development

Abstract

Poverty is a common social problem faced by all hmankind. Exploring its causes and developing policy paradigms had remains a debatable issue, and also it posed many constructive avenues for scholarly research. In this context, the role of technological innovation for social change to address poverty alleviation is also a hot topic for research. Similarly, this study aims to explore the role of technological innovation, financial development, and globalization toward poverty alleviation efficiency in China. The study used the data from 2007 to 2018 and employed super-efficiency DEA model along with system GMM for empirical estimation. Our findings indicate that the poverty alleviation efficiency of various regions have been increased over the years. However, from a spatial perspective, China's comprehensive poverty alleviation efficiency is very unevenly distributed. Further, technological innovation and financial development positively influence the poverty alleviation efficiency in China. However, the results for the impact of globalization on poverty alleviation efficiency are insignificant. In the light of empirical findings, the study discusses some policy insights for decision-makers.