✦ LIBER ✦

Financial development and poverty reduction in developing countries

✍ Scribed by Hossein Jalilian; Colin Kirkpatrick

Publisher: John Wiley and Sons
Year: 2002
Tongue: English
Weight: 126 KB
Volume: 7
Category: Article
ISSN: 1076-9307
DOI: 10.1002/ijfe.179

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

Empirical investigation of the link between financial development and economic growth has established that finance exerts a significant and positive influence on growth. This paper extends this line of analysis by examining the contribution that financial development makes to poverty reduction in low‐income countries. The results reported support the contention that financial sector development policy can contribute to achieving the goal of poverty reduction in developing countries. Copyright © 2002 John Wiley & Sons, Ltd.

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