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The end of peasants' poverty in ChinaYuan, Chun 11 October 2011 (has links) (PDF)
Economic growth alone may not solve the problem of poverty. Our behavioral analyses reveal that human capital is one of the key forces of reducing poverty and promoting economic growth. However, one's human capital accumulation is restricted by his personal lifetime funds. Then the efficiency of national funds allocation in China is investigated. Results show that an equal allocation of national funds should be adopted by Chinese government, with which the economy can develop in a way both fast and just.
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