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Développement financier, instabilité financière,croissance et pauvreté

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  • Kangni KPODAR

    ()

  • Sylviane GUILLAUMONT JEANNENEY

    () (Centre d'Etudes et de Recherches sur le Développement International(CERDI))

Abstract

This paper tries to take into account two points of view of the litterature, the first one shows that financial development has positive effect on economic growth, and the second one stresses on the unfavourable effect of financial crisis. Our main assumption is that financial instability is positively correlated with financial development. Therefore, the favorable impact of financial development on economic growth is reduced. Theoretical arguments are presented to support this assumption, which is tested successfully on a sample of developing countries over the period 1966-2000. In addition, financial development and financial instability seem to have specific effects on the mean income of the poorest 20%.

Suggested Citation

  • Kangni KPODAR & Sylviane GUILLAUMONT JEANNENEY, 2004. "Développement financier, instabilité financière,croissance et pauvreté," Working Papers 200411, CERDI.
  • Handle: RePEc:cdi:wpaper:621
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    References listed on IDEAS

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    Cited by:

    1. LONZO LUBU, Gastonfils & KABWE OMOYI, Fanny, 2015. "Intermediation Financiere Et Croissance Economique En Republique Democratique Du Congo
      [Financial Intermediation And Economic Growth In Dr Congo]
      ," MPRA Paper 61261, University Library of Munich, Germany.
    2. Khattab Ahmed & Mpabe Bodjongo Mathieu Juliot & Ihadiyan Abid, 2015. "Financial Development, Financial Instability and Economic Growth: The Case of Maghreb Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 5(4), pages 1043-1054.
    3. repec:sgh:erfinj:v:2:y:2017:i:1:p:43-62 is not listed on IDEAS

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    Keywords

    Financial Development; Economic growth; Poverty;

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