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Développement financier, instabilité financière, croissance et pauvreté

Author

Listed:
  • Sylviane GUILLAUMONT JEANNENEY

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

  • Kangni KPODAR

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

Abstract

Résumé : cet article tente de concilier deux courants de la littérature, l’un qui montre l’effet favorable du développement financier sur la croissance économique, l’autre l’effet défavorable des crises financières. L’hypothèse centrale est que l’instabilité du développement financier croît avec celui-ci. Cette relation positive entre les deux phénomènes diminue l’impact favorable du développement financier sur la croissance. Plusieurs arguments théoriques sont présentés à l’appui de cette hypothèse, qui est ensuite testée avec succès sur un vaste échantillon de pays en développement durant la période 1966-2000. Il est finalement montré que le développement financier et l’instabilité de ce développement exercent aussi un effet spécifique et de sens inverse sur le revenu du cinquième le plus pauvre de la population.

Suggested Citation

  • Sylviane GUILLAUMONT JEANNENEY & Kangni KPODAR, 2004. "Développement financier, instabilité financière, croissance et pauvreté," Macroeconomics 0407003, EconWPA.
  • Handle: RePEc:wpa:wuwpma:0407003
    Note: Type of Document - pdf; pages: 43
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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. repec:sgh:erfinj:v:2:y:2017:i:1:p:43-62 is not listed on IDEAS
    3. 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.

    More about this item

    Keywords

    Développement financier; Croissance économique; Pauvreté;

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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