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Financial Sector Development and the Millennium Development Goals

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  • Stijn Claessens
  • Erik Feijen

Abstract

This study investigates the relationship between financial sector development and progress in reaching the Millennium Development Goals (MDGs). It assesses the contribution of countries' financial sector development to achieving the MDGs. The focus is on the relationships between financial development and economic welfare and growth, and the following four MDG-themes: Poverty, Education, Health, and Gender Equality. In doing so, the book reviews the theoretical channels, surveys existing empirical evidence - both cross-country and case study evidence, and provides new evidence. Financial Sector Development and the Millennium Development Goals finds that financial development is an important driver for economic welfare in that it reduces the prevalence of income poverty and undernourishment. In addition, new evidence is provided of a positive association between financial development and health, education, and gender equality.

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Bibliographic Info

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This book is provided by The World Bank in its series World Bank Publications with number 7145 and published in 2006.

ISBN: 978-0-8213-6864-0
Handle: RePEc:wbk:wbpubs:7145

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Postal: 1818 H Street, N.W., Washington, DC 20433
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Web page: https://openknowledge.worldbank.org
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Related research

Keywords: Health; Nutrition and Population - Population Policies Economic Theory and Research Environmental Economics and Policies Poverty Reduction - Achieving Shared Growth Rural Development - Regional Rural Development Health; Nutrition and Population Macroeconomics and Economic Growth Environment;

References

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Cited by:
  1. Mersland, Roy & Strøm, R. Øystein, 2007. "Microbanks: Ownership, performance and social tradeoffs - a global analysis," MPRA Paper 2063, University Library of Munich, Germany.

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