Financial Development, Economic Growth and Poverty Reduction: Cross-Country Evidence (Low Income Countries)

Please use this identifier to cite or link to this item: https://mt.osce-academy.kg/handle/123456789/397

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DC Field	Value	Language
dc.contributor.author	Mamytova, Saltanat	-
dc.date.accessioned	2021-03-11T00:22:05Z	-
dc.date.available	2021-03-11T00:22:05Z	-
dc.date.issued	2014	-
dc.identifier.uri	https://mt.osce-academy.kg/handle/123456789/397	-
dc.description.abstract	This work is devoted to analysis of a direct relationship between poverty and financial development. The empirical model applies a panel data estimation technique called Random Effects (RE). In order to control the possible problems with reverse causation this research employs instrumental variables (IV) and for estimation of IV two-stage least square (2SLS) model is used. Using panel data for 36 low-income countries from 1961-2012 this study finds that financial development is helpful for poverty reduction. This outcome is supported by two measures of financial development namely the ratio of money to GDP (M2-GDP) and the ratio deposit to GDP.	en_US
dc.language.iso	en	en_US
dc.subject	Financial development	en_US
dc.subject	Poverty reduction	en_US
dc.subject	Low income countries	en_US
dc.title	Financial Development, Economic Growth and Poverty Reduction: Cross-Country Evidence (Low Income Countries)	en_US
dc.type	Thesis	en_US
Appears in Collections:	2014

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