Finance is good for the poor but it depends where you live
Examines whether the incomes of the poor systematically grow with average incomes and whether financial development enhances incomes
Abstract
皇冠体育app author examines whether or not the incomes of the poor systematically grow with average incomes, and whether financial development enhances the incomes of the poorest quintile. Following the methodology of Dollar and Kraay (2002), He find, once extending Dollar and Kraay鈥檚 data, their findings are robust to the Lucas critique and economic growth is important for poverty reduction universally. However, in comparison to other authors鈥� work he show financial development aids the incomes of the poor in certain regions, whilst it may be detrimental in others. This proposes evidence against a 鈥渙ne size fits all鈥� model adding a further contribution to the literature on financial development and poverty.
This is an output from the 鈥楶olitics, Finance and Growth鈥� Project
Citation
Johan Rewilak, Finance is good for the poor but it depends where you live, Journal of Banking & Finance, Volume 37, Issue 5, 2013, Pages 1451-1459,