Le Développement Financier et la Problématique de Réduction de la Pauvreté

Kangni Kpodar

No 200408, Working Papers from CERDI

Abstract: This paper addresses the relationship between financial development and poverty, taking into account the direct link and the indirect link through economic growth. Using a panel of 81 developing countries over 1988-1997, we find evidence that financial development reduces the headcount poverty index, even after controlling for mean income effect. Depending on the financial development indicator used, this direct effect ranges from 8 to 21% of the total effect. Previous research focused only on the indirect effect. Thus they might have underestimated the potential poverty reduction effect of the development of financial system.

Keywords: Financial Development; Poverty Reduction; Economic growth (search for similar items in EconPapers)
Pages: 30
Date: 2004
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Related works:
Working Paper: LE DEVELOPPEMENT FINANCIER ET LA PROBLEMATIQUE DE REDUCTION DE LA PAUVRETE (2004)
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