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Financial Development, Growth and Poverty Reduction: Evidence from Ghana

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  • Ho, Sin-Yu
  • Njindan Iyke, Bernard

Abstract

In this paper, we re-assess the finance-growth-poverty linkage in Ghana during the period 1960–2015. We account for structural changes and omitted variable bias, using a modified multivariate distributed lag framework. We find financial development to cause economic growth, which in turn causes poverty reduction in Ghana. This has useful policy implications.

Suggested Citation

  • Ho, Sin-Yu & Njindan Iyke, Bernard, 2018. "Financial Development, Growth and Poverty Reduction: Evidence from Ghana," MPRA Paper 87121, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:87121
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    File URL: https://mpra.ub.uni-muenchen.de/87121/1/MPRA_paper_87121.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Financial Development; Economic Growth; Poverty Reduction; Ghana.;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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