Financial Determinants of Human Development in Developing Countries
Hitherto financial drivers of human development have been unexplored by the UNDP. This paper assesses determinants of human development from financial dynamics of depth, efficiency, size and activity on data from 38 developing countries. While the importance of financial activity, size and depth (in decreasing order) is significant for inequality adjusted human development, financial allocation efficiency significantly undermines welfare. As a policy implication results do not support financial allocation efficiency as a driver of human development.
|Date of creation:||24 Oct 2011|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.afridev.org/index.php/en/|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Simplice A. Asongu, 2012.
"Law and Finance in Africa,"
Brussels Economic Review,
ULB -- Universite Libre de Bruxelles, vol. 55(4), pages 385-408.
- Simplice A., Asongu, 2011.
"Law, finance, economic growth and welfare: why does legal origin matter?,"
33868, University Library of Munich, Germany.
- Asongu Simplice, 2011. "Law, finance, economic growth and welfare: why does legal origin matter?," Working Papers 11/007, African Governance and Development Institute..
- Asongu Simplice, 2011.
"Why do French civil-law countries have higher levels of financial efficiency?,"
11/011, African Governance and Development Institute..
- Simplice A. ASONGU, 2011. "Why Do French Civil–Law Countries Have Higher Levels Of Financial Efficiency?," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 0(2), pages 94-108, December.
- Simplice A., Simplice, 2011. "Why do French civil-law countries have higher levels of financial efficiency?," MPRA Paper 33950, University Library of Munich, Germany.
- repec:srs:jarle2:1:v:2:y:2011:i:2:p:94-108 is not listed on IDEAS
- Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2003.
"Law and finance: why does legal origin matter?,"
Journal of Comparative Economics,
Elsevier, vol. 31(4), pages 653-675, December.
- Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2002. "Law and finance : why does legal origin matter?," Policy Research Working Paper Series 2904, The World Bank.
- Thorsten Beck & Asli Demirguc-Kunt & Ross Levine, 2002. "Law and Finance: why Does Legal Origin Matter?," NBER Working Papers 9379, National Bureau of Economic Research, Inc.
- Simplice A., Asongu, 2011. "Law, economic growth and human development," MPRA Paper 34082, University Library of Munich, Germany.
- Isham, Jonathan & Kaufmann, Daniel & Pritchett, Lant H, 1997. "Civil Liberties, Democracy, and the Performance of Government Projects," World Bank Economic Review, World Bank Group, vol. 11(2), pages 219-42, May.
When requesting a correction, please mention this item's handle: RePEc:agd:wpaper:11/012. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Asongu Simplice)
If references are entirely missing, you can add them using this form.