Financial Determinants of Human Development in Developing Countries

Simplice Asongu

No 11/012, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

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)
Pages: 21
Date: 2011-10-24
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Citations: View citations in EconPapers (7)

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http://www.afridev.org/RePEc/agd/agd-wpaper/Financ ... opment-in-Africa.pdf Revised version, 2013 (application/pdf)

Related works:
Working Paper: Financial determinants of human development in developing countries (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:agd:wpaper:11/012

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