Does Financial Development Contribute to Poverty Reduction?

Autor:	Hossein Jalilian, Colin Kirkpatrick
Rok vydání:	2005
Předmět:	Labour economics Economic inequality Poverty reduction Development economics Causal process Economics Developing country Development Financial development Basic needs Financial sector
Zdroj:	Journal of Development Studies. 41:636-656
ISSN:	1743-9140 0022-0388
DOI:	10.1080/00220380500092754
Popis:	The article examines the contribution of financial development to poverty reduction in developing countries. Building on earlier research which has established links between financial development and economic growth, and between economic growth and poverty reduction, the article tests for a causal process linking financial sector growth and poverty reduction. The empirical results indicate that, up to a threshold level of economic development, financial sector growth contributes to poverty reduction through the growth-enhancing effect. The impact of financial development on poverty reduction will be affected, however, by any change in income inequality resulting from financial development.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::6651b23e83992fbc8aced493ad5a2a37 https://doi.org/10.1080/00220380500092754 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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