Financial Development and Poverty Reduction in Developing Countries
Abstract
Empirical investigation of the link between financial development and economic growth has established that finance exerts a significant and positive influence on growth. This paper extends this line of analysis by examining the contribution that financial development makes to poverty reduction in low-income countries. The results reported support the contention that financial sector development policy can contribute to achieving the goal of poverty reduction in developing countries. Copyright @ 2002 by John Wiley & Sons, Ltd. All rights reserved.Download Info
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Bibliographic Info
Article provided by John Wiley & Sons, Ltd. in its journal International Journal of Finance & Economics.
Volume (Year): 7 (2002)
Issue (Month): 2 (April)
Pages: 97-108
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Web page: http://www.interscience.wiley.com/jpages/1076-9307/
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Hisako KAI & Shigeyuki HAMORI, 2009.
"Globalization, Financial Depth, and Inequality in Sub-Saharan Africa,"
Discussion Papers
0912, Graduate School of Economics, Kobe University.
- Hisako Kai & Shigeyuki Hamori, 2009. "Globalization, financial depth, and inequality in Sub-Saharan Africa," Economics Bulletin, AccessEcon, vol. 29(3), pages 2025-2037.
- Ambrosius, Christian, 2012. "Are remittances a "catalyst" for financial access? Evidence from Mexican household data," Discussion Papers 2012/8, Free University Berlin, School of Business & Economics.
- Odhiambo, Nicholas M., 2008. "Financial depth, savings and economic growth in Kenya: A dynamic causal linkage," Economic Modelling, Elsevier, vol. 25(4), pages 704-713, July.
- Odhiambo, Nicholas M., 2009. "Finance-growth-poverty nexus in South Africa: A dynamic causality linkage," The Journal of Socio-Economics, Elsevier, vol. 38(2), pages 320-325, March.
- Ebrahim, M. Shahid, 2009.
"Can an Islamic model of housing finance cooperative elevate the economic status of the underprivileged?,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 72(3), pages 864-883, December.
- M. Shahid Ebrahim, 2008. "Can an Islamic Model of Housing Finance Cooperative Elevate the Economic Status of the Underprivileged?," Papers on Economics of Religion 08/04, Department of Economic Theory and Economic History of the University of Granada..
- Hisako, KAI & Shigeyuki, HAMORI, 2009. "Microfinance and Inequality," MPRA Paper 17537, University Library of Munich, Germany.
- Philip Arestis & Asena Caner, 2010.
"Capital account liberalisation and poverty: how close is the link?,"
Cambridge Journal of Economics,
Oxford University Press, vol. 34(2), pages 295-323, March.
- Philip Arestis & Asena Caner, 2008. "Capital Account Liberalization and Poverty: How Close is the Link?," Working Papers 0811, TOBB University of Economics and Technology, Department of Economics.
- Carl B.McGowan, Jr. & Susan E. Moeller, 2009. "A Model for Making Foreign Direct Investment Decisions Using Real Variables for Political and Economic Risk Analysis," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 7(1), pages 27-44.
- Nicholas Odhiambo, 2010. "Finance-investment-growth nexus in South Africa: an ARDL-bounds testing procedure," Economic Change and Restructuring, Springer, vol. 43(3), pages 205-219, August.
- Brigitte Granville & Sushanta Mallick*, 2006. "Integrating poverty reduction in IMF-World Bank Models," Working Papers id:502, eSocialSciences.
- Pierre-Richard Agénor, 2004.
"Does globalization hurt the poor?,"
International Economics and Economic Policy,
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- Agenor, Pierre-Richard, 2002. "Does globalization hurt the poor?," Policy Research Working Paper Series 2922, The World Bank.
- Akhter, Selim & Daly, Kevin J., 2009. "Finance and poverty: Evidence from fixed effect vector decomposition," Emerging Markets Review, Elsevier, vol. 10(3), pages 191-206, September.
- Jordan Shan & Jianhong Qi, 2006. "Does Financial Development 'Lead' Economic Growth? The Case of China," Annals of Economics and Finance, Society for AEF, vol. 7(1), pages 197-216, May.
- Ambrosius, Christian, 2011. "Are Remittances a 'Catalyst' for Financial Access? Evidence from Mexico," Proceedings of the German Development Economics Conference, Berlin 2011 5, Verein für Socialpolitik, Research Committee Development Economics.
- Canavire Bacarreza, Gustavo Javier & Rioja, Felix, 2008. "Financial Development and the Distribution of Income in Latin America and the Caribbean," IZA Discussion Papers 3796, Institute for the Study of Labor (IZA).
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