Financial Sector Development and the Millennium Development Goals

Stijn Claessens () and Erik Feijen

No 7145 in World Bank Publications - Books from The World Bank Group

Abstract: This study investigates the relationship between financial sector development and progress in reaching the Millennium Development Goals (MDGs). It assesses the contribution of countries' financial sector development to achieving the MDGs. The focus is on the relationships between financial development and economic welfare and growth, and the following four MDG-themes: Poverty, Education, Health, and Gender Equality. In doing so, the book reviews the theoretical channels, surveys existing empirical evidence - both cross-country and case study evidence, and provides new evidence. Financial Sector Development and the Millennium Development Goals finds that financial development is an important driver for economic welfare in that it reduces the prevalence of income poverty and undernourishment. In addition, new evidence is provided of a positive association between financial development and health, education, and gender equality.

Keywords: Health; Nutrition and Population-Population Policies Economic Theory and Research Environmental Economics and Policies Poverty Reduction-Achieving Shared Growth Rural Development-Regional Rural Development Health; Nutrition and Population Macroeconomics and Economic Growth Environment (search for similar items in EconPapers)
Date: 2006
ISBN: 978-0-8213-6864-0
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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