Financial Development and Poverty Reduction in Developing Countries
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.
Volume (Year): 7 (2002)
Issue (Month): 2 (April)
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