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来源类型Working Paper
规范类型报告
DOI10.3386/w10979
来源IDWorking Paper 10979
Finance, Inequality, and Poverty: Cross-Country Evidence
Thorsten Beck; Asli Demirguc-Kunt; Ross Levine
发表日期2004-12-13
出版年2004
语种英语
摘要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.
主题Development and Growth ; Development ; Financial Economics
URLhttps://www.nber.org/papers/w10979
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/568613
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GB/T 7714
Thorsten Beck,Asli Demirguc-Kunt,Ross Levine. Finance, Inequality, and Poverty: Cross-Country Evidence. 2004.
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