Financial Development and Poverty Reduction in Developing Countries
Hossein Jalilian and
Colin Kirkpatrick
International Journal of Finance & Economics, 2002, vol. 7, issue 2, 97-108
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 by John Wiley & Sons, Ltd. All rights reserved.
Date: 2002
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