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Développement financier et pauvreté dans l'UEMOA

  • Youssouf Kiendrebeogo

    (GED, Université Montesquieu Bordeaux IV)

La présente étude se propose d’évaluer les implications du développement du système financier sur la réduction de la pauvreté dans l’UEMOA et de mettre en évidence d’éventuels mécanismes de seuils dans la relation étudiée à partir d’analyses théoriques et empiriques. Les résultats obtenus à partir de données de panel pour un échantillon de sept pays de la Zone sur la période 1981-2005 montrent que l’approfondissement financier est un facteur réducteur de la pauvreté monétaire dans l’Union. Par ailleurs, la prise en compte dans l’échantillon d’autres pays en développement fait ressortir qu’il existe des mécanismes de seuil dans la relation entre approfondissement financier et pauvreté. Ces résultats sont robustes à l’introduction de variables de contrôle additionnelles. This study aims to assess both financial development effects for poverty reduction in the West African Economic and Monetary Union (WAEMU) and threshold effects evidence in financial development and poverty relation using theoretical and empirical analyses. The results obtained with panel data for a sample of WAEMU countries from 1981 through 2005 suggest that the poor benefit from the ability of banking system to facilitate credit allocation and provide saving opportunities. Moreover, with taking account of other developing countries in the sample, we find that financial deepening must get a certain level to be beneficial significantly to the reduction of poverty. These results are robust to additional control variables introduction. (Full text in french)

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Paper provided by Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV in its series Documents de travail with number 155.

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Length: 37 pages
Date of creation: Jun 2010
Date of revision:
Handle: RePEc:mon:ceddtr:155
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  1. Cevdet Denizer & Murat Iyigun & Ann Owen, 2000. "Finance and Macroeconomic Volatility," Macroeconomics 0004015, EconWPA.
  2. De Gregorio, Jose & Guidotti, Pablo E., 1995. "Financial development and economic growth," World Development, Elsevier, vol. 23(3), pages 433-448, March.
  3. Raghuram G. Rajan, 2005. "Has Financial Development Made the World Riskier?," NBER Working Papers 11728, National Bureau of Economic Research, Inc.
  4. Sergio L. Schmukler & Graciela Laura Kaminsky, 2003. "Short-Run Pain, Long-Run Gain; The Effects of Financial Liberalization," IMF Working Papers 03/34, International Monetary Fund.
  5. Raghuram G. Rajan & Luigi Zingales, . "Financial Dependence and Growth," CRSP working papers 344, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
  6. Demirguc-Kunt, Asli & Levine, Ross, 1995. "Stock market development and financial intermediaries : stylized facts," Policy Research Working Paper Series 1462, The World Bank.
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  8. Vassili Prokopenko & Paul Holden, 2001. "Financial Development and Poverty Alleviation; Issues and Policy Implications for Developing and Transition Countries," IMF Working Papers 01/160, International Monetary Fund.
  9. Patrick Honohan, 2004. "Financial development, growth, and poverty: how close are the links?," Policy Research Working Paper Series 3203, The World Bank.
  10. Thomas Barnebeck Andersen & Finn Tarp, 2003. "Financial liberalization, financial development and economic growth in LDCs," Journal of International Development, John Wiley & Sons, Ltd., vol. 15(2), pages 189-209.
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