Please use this identifier to cite or link to this item:
Title: Finance is good for the poor but it depends where you live
Authors: Rewilak, Johan
First Published: 4-May-2012
Publisher: Elsevier
Citation: Journal of Banking & Finance 37 (2013) 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.
DOI Link: 10.1016/j.jbankfin.2012.04.022
ISSN: 0378-4266
eISSN: 1872-6372
Version: Publisher Version
Status: Peer-reviewed
Type: Journal Article
Rights: Copyright 2012 Elsevier B.V. Open access under CC BY license.
Description: JEL classification O16; O57; G00
Appears in Collections:Published Articles, Dept. of Economics

Files in This Item:
File Description SizeFormat 
1-s2.0-S0378426612001203-main.pdfPublisher version252.68 kBAdobe PDFView/Open

Items in LRA are protected by copyright, with all rights reserved, unless otherwise indicated.