Study on the Relationship between Financial Development and Poverty Alleviation in Guizhou Province Based on Kuznets Curve

Abstract

Based on the construction of the nonlinear effect model of financial poverty alleviation, the paper used Granger causality test and regression analysis to analyze the relationship between financial development and poverty alleviation in Guizhou province. The results present that the relationship between financial development and poverty alleviation follows the Kuznets inverted U-curve, which means that financial development, may have positive effects on poverty alleviation in the early stage and then have negative effects on poverty alleviation in later stage. Based on this, in-depth analysis was conducted and development suggestions were put forward.