Finance is Good for the Poor but it Depends Where You Live
AbstractThis article examines whether or not the incomes of the poor systematically grow with average incomes, and whether financial development enhances the incomes of the poorest quintile. Following the methodology of Dollar & Kraay (2002), I find once extending Dollar & Kraay's data their findings are robust and economic growth is important to poverty reduction universally. However in comparison to other authors’ work I find financial development aids the incomes of the poor in certain regions, whilst it may be detrimental in others adding a further contribution to the literature on financial development and poverty.
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Bibliographic InfoPaper provided by Department of Economics, University of Leicester in its series Discussion Papers in Economics with number 11/30.
Date of creation: May 2011
Date of revision: Sep 2011
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Postal: Department of Economics University of Leicester, University Road. Leicester. LE1 7RH. UK
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Web page: http://www2.le.ac.uk/departments/economics
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Find related papers by JEL classification:
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
- G00 - Financial Economics - - General - - - General
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