Finance, inequality, and poverty: cross-country evidence
"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 prediction...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2004
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
10979 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "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. |
| Beschreibung: | 45 S. graph. Darst. |
Internformat
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 10979 | |
| 520 | 3 | |a "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. | |
| 650 | 4 | |a Entwicklungsländer | |
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Finance |z Developing countries | |
| 650 | 4 | |a Income distribution |z Developing countries |x Econometric models | |
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Datensatz im Suchindex
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| id | DE-604.BV023591093 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:27Z |
| indexdate | 2024-07-09T21:25:10Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016906423 |
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| physical | 45 S. graph. Darst. |
| publishDate | 2004 |
| publishDateSearch | 2004 |
| publishDateSort | 2004 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Beck, Thorsten 1967- Verfasser (DE-588)128773197 aut Finance, inequality, and poverty cross-country evidence Thorsten Beck ; Asli Demirguc-Kunt ; Ross Levine Cambridge, Mass. National Bureau of Economic Research 2004 45 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 10979 "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. Entwicklungsländer Ökonometrisches Modell Finance Developing countries Income distribution Developing countries Econometric models Poverty Developing countries Demirgüç-Kunt, Asli 1961- Verfasser (DE-588)124432891 aut Levine, Ross 1960- Verfasser (DE-588)124786944 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 10979 (DE-604)BV002801238 10979 http://papers.nber.org/papers/w10979.pdf kostenfrei Volltext |
| spellingShingle | Beck, Thorsten 1967- Demirgüç-Kunt, Asli 1961- Levine, Ross 1960- Finance, inequality, and poverty cross-country evidence National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Entwicklungsländer Ökonometrisches Modell Finance Developing countries Income distribution Developing countries Econometric models Poverty Developing countries |
| title | Finance, inequality, and poverty cross-country evidence |
| title_auth | Finance, inequality, and poverty cross-country evidence |
| title_exact_search | Finance, inequality, and poverty cross-country evidence |
| title_exact_search_txtP | Finance, inequality, and poverty cross-country evidence |
| title_full | Finance, inequality, and poverty cross-country evidence Thorsten Beck ; Asli Demirguc-Kunt ; Ross Levine |
| title_fullStr | Finance, inequality, and poverty cross-country evidence Thorsten Beck ; Asli Demirguc-Kunt ; Ross Levine |
| title_full_unstemmed | Finance, inequality, and poverty cross-country evidence Thorsten Beck ; Asli Demirguc-Kunt ; Ross Levine |
| title_short | Finance, inequality, and poverty |
| title_sort | finance inequality and poverty cross country evidence |
| title_sub | cross-country evidence |
| topic | Entwicklungsländer Ökonometrisches Modell Finance Developing countries Income distribution Developing countries Econometric models Poverty Developing countries |
| topic_facet | Entwicklungsländer Ökonometrisches Modell Finance Developing countries Income distribution Developing countries Econometric models Poverty Developing countries |
| url | http://papers.nber.org/papers/w10979.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT beckthorsten financeinequalityandpovertycrosscountryevidence AT demirguckuntasli financeinequalityandpovertycrosscountryevidence AT levineross financeinequalityandpovertycrosscountryevidence |