Financial determinants of human development in developing countries

Simplice Asongu

MPRA Paper from University Library of Munich, Germany

Abstract: Hitherto financial drivers of human development have been unexplored by the UNDP. This paper assesses determinants of human development from financial dynamics of depth, efficiency, size and activity on data from 38 developing countries. While the importance of financial activity, size and depth (in decreasing order) is significant for inequality adjusted human development, financial allocation efficiency significantly undermines welfare. As a policy implication results do not support financial allocation efficiency as a driver of human development.

Keywords: Banking; human development; developing countries; instrumental variables (search for similar items in EconPapers)
JEL-codes: E00 G20 I00 O10 (search for similar items in EconPapers)
Date: 2011-10-19
New Economics Papers: this item is included in nep-dev, nep-eff and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/33949/1/MPRA_paper_33949.pdf original version (application/pdf)

Related works:
Working Paper: Financial Determinants of Human Development in Developing Countries (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:33949

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().