Financial development, institutions and poverty alleviation: an empirical analysis

Alessandra Cepparulo, Juan Cuestas and Maurizio Intarglia

No 01/2015, NCID Working Papers from Navarra Center for International Development, University of Navarra

Abstract: The aim of this paper is to empirically analyse whether the level of institutional quality influences the effect of financial development on poverty for a sample of developing countries covering the period from 1984 to 2012, or not. Using an interaction term constructed as a product between financial development and institutional qualitywe find that the pro-poor impact of financial development decreases as the quality of institution rises. Such differential effect can be ascribed to the capacity of banks to provide functions that mimic those performed by a wellworking institutional framework.The results of this paper can be used for policy management.

Keywords: Financial development; Institutional quality; Poverty alleviation; Developing countries (search for similar items in EconPapers)
JEL-codes: D13 D8 I2 J12 J16 O15 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2015-01
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http://ncid.unav.edu/download/file/fid/487 (application/pdf)

Related works:
Journal Article: Financial development, institutions, and poverty alleviation: an empirical analysis (2017)
Working Paper: Financial development, institutions and poverty alleviation: an empirical analysis (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:nva:unnvaa:wp01-2015

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