Rewilak, Johan (2013). Finance is good for the poor but it depends where you live. Journal of Banking and Finance, 37 (5), pp. 1451-1459.
Abstract
I examine 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), I find, once extending Dollar and Kraay's data, their findings are robust to the Lucas critique and economic growth is important for poverty reduction universally. However, in comparison to other authors' work I show financial development aids the incomes of the poor in certain regions, whilst it may be detrimental in others. This proposes evidence against a "one size fits all" model adding a further contribution to the literature on financial development and poverty.
Publication DOI: | https://doi.org/10.1016/j.jbankfin.2012.04.022 |
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Divisions: | College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship College of Business and Social Sciences > Aston Business School |
Additional Information: | © 2012 Elsevier B.V. Open access under CC BY license. |
Uncontrolled Keywords: | Economic growth,Financial development,Poverty,Finance,Economics and Econometrics |
Publication ISSN: | 1872-6372 |
Last Modified: | 30 Sep 2024 12:24 |
Date Deposited: | 06 May 2020 08:38 |
Full Text Link: | |
Related URLs: |
http://www.scop ... tnerID=8YFLogxK
(Scopus URL) https://www.sci ... 1203?via%3Dihub (Publisher URL) |
PURE Output Type: | Article |
Published Date: | 2013-05-01 |
Authors: |
Rewilak, Johan
(
0000-0001-5337-8873)
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