Titre : | Financial Development and Poverty Reduction: Can There be a Benefit without a Cost? (2011) |
Auteurs : | Sylviane Guillaumont Jeanneney, Auteur ; Kangni Kpodar, Auteur |
Type de document : | Article : Revues - Articles |
Dans : | The Journal of Development Studies (Vol. 47 N°1, 2011) |
Article en page(s) : | pp. 143-163 |
Langues: | Français |
Catégories : |
[Eurovoc] ÉCONOMIE > comptabilité nationale > revenu > répartition du revenu > pauvreté [Eurovoc] ÉCONOMIE > situation économique > développement économique > pays en développement [Eurovoc] FINANCES |
Résumé : | This article investigates how financial development helps to reduce poverty directly through distributional effect, beyond its indirect effect through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the ability of the banking system to facilitate transactions and provide savings opportunities (through the McKinnon ‘conduit effect') but to some extent fail to reap the benefit from greater availability of credit. Moreover, financial development is accompanied by financial instability, which is particularly detrimental to the poor. Nevertheless, the benefits of financial development for the poor outweigh the cost. |
Doi : | DOI : 10.1080/00220388.2010.506918 |
Axe de recherche : | Financement du développement |
En ligne : | https://halshs.archives-ouvertes.fr/halshs-00554229 |
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