- Tytuł:
- Financial Deepening, Property Rights, and Poverty: Evidence from Sub-Saharan Africa
- Autorzy:
-
Singh, Raju Jan
Huang, Yifei - Powiązania:
- https://bibliotekanauki.pl/articles/565703.pdf
- Data publikacji:
- 2015
- Wydawca:
- Uniwersytet Warszawski. Wydawnictwo Naukowe Wydziału Zarządzania
- Tematy:
-
financial development
poverty alleviation
income distribution
Africa - Opis:
- Recent studies on the relationship between financial development and poverty have been inconclusive. Some claim that, by allowing more entrepreneurs to obtain financing, financial development improves the allocation of capital, which has a particularly large impact on the poor. Others argue that it is primarily the rich and politically connected who benefit from improvements in the financial system. This paper looks at a sample of 37 countries in sub-Saharan Africa from 1992 through 2006. Its results suggest that financial deepening could widen income inequality and increase poverty, if not accompanied by stronger property rights. Similarly, interest rate and lending liberalization alone could be detrimental to the poor without institutional reforms, in particular stronger property rights and wider access to credit information.
- Źródło:
-
Journal of Banking and Financial Economics; 2015, 1(3); 130-151
2353-6845 - Pojawia się w:
- Journal of Banking and Financial Economics
- Dostawca treści:
- Biblioteka Nauki
Artykuł