Umfang:
1 Online-Ressource
Ausgabe:
Online-Ausg Also available in print
Serie:
NBER working paper series working paper 10979
Inhalt:
"While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions about the impact of financial development on changes in income distribution and poverty alleviation. We find that financial development reduces income inequality by disproportionately boosting the incomes of the poor. Countries with better-developed financial intermediaries experience faster declines in measures of both poverty and income inequality. These results are robust to controlling for other country characteristics and potential reverse causality"--National Bureau of Economic Research web site
Anmerkung:
Includes bibliographical references
,
Title from PDF file as viewed on 1/6/2005
Weitere Ausg.:
Beck, Thorsten Finance, inequality, and poverty
Sprache:
Englisch
URL:
Volltext
(URL des Erstveröffentlichers)
Mehr zum Autor:
Beck, Thorsten 1967-
Mehr zum Autor:
Demirgüç-Kunt, Asli 1961-
Bookmarklink