Financial development, growth, and poverty : how close are the links?

By: Material type: TextTextSeries: Policy Research Working Paper, No. 3203Publication details: Washington, D. C. World Bank 2004Description: 31pSubject(s): DDC classification:
  • 332
Summary: The causal link between finance and growth is one of the most striking empirical macroeconomic relationships uncovered in the past decade. As this branch of the literature matures, the focus shifts from growth to other aspects of economic prosperity, and from financial depth to multidimensional measures of financial development. The author reviews the evolution of the literature and contributes by: Showing that financial depth is negatively associated with headcount poverty, even after taking account of mean income and inequality. Illustrating the pitfalls in equating financial development with financial depth. Proposing alternative measures of financial development that, though summary, capture its multidimensional nature. http://documents.worldbank.org/curated/en/518641468763230741/Financial-development-growth-and-poverty-how-close-are-the-links
List(s) this item appears in: World Bank Working Paper Series
Tags from this library: No tags from this library for this title. Log in to add tags.
Star ratings
    Average rating: 0.0 (0 votes)
Holdings
Item type Current library Item location Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 17-B / Slot 631 (0 Floor, West Wing) General Stacks 332 H6F4 (Browse shelf(Opens below)) Available 156333

The causal link between finance and growth is one of the most striking empirical macroeconomic relationships uncovered in the past decade. As this branch of the literature matures, the focus shifts from growth to other aspects of economic prosperity, and from financial depth to multidimensional measures of financial development. The author reviews the evolution of the literature and contributes by: Showing that financial depth is negatively associated with headcount poverty, even after taking account of mean income and inequality. Illustrating the pitfalls in equating financial development with financial depth. Proposing alternative measures of financial development that, though summary, capture its multidimensional nature.

http://documents.worldbank.org/curated/en/518641468763230741/Financial-development-growth-and-poverty-how-close-are-the-links

There are no comments on this title.

to post a comment.