Financial Development, Institutions, Growth and Poverty Reduction download pdf

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Author: Basudeb Guha-Khasnobis
Date: 10 Jun 2008
Publisher: Palgrave MacMillan
Language: English
Format: Hardback::317 pages
ISBN10: 0230201776
ISBN13: 9780230201774
Dimension: 140x 216x 23.11mm::555g
Download: Financial Development, Institutions, Growth and Poverty Reduction
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Migrants remit money to their homeland. It is a key instrument to decrease the scale and harshness of poverty across the globe. Other than monetary benefits, remittances relate to better human development outcomes covering various areas such as health, education, and gender equality. The revenue is a source of income for the poor. This volume explores the various linkages between financial development, institutions, growth and poverty reduction in low-income and transition countries. It is the result of a two-year research project undertaken UNU-WIDER, and the strong range of contributions present a significant variety of experiences in this important research area. The book contains both cross-country and panel study reveal that financial sector development does not cause poverty reduction. This implies, increased in the supply of loan able funds due to financial sector development is not enough to ensure poverty reduction. Certain measures are important. Therefore, the results reveal, that economic growth causes financial sector growth. The United States’ financial system, while above average, is not as deep as China’s. This reflects in part the more market-based nature of the U.S. Financial system. Financial depth, approximated private credit to GDP, has a strong statistical link to long-term economic growth; it is also closely linked to poverty reduction. Financial Development, Institutions, Growth and Poverty Reduction book. Read reviews from world’s largest community for readers. poverty reduction. II. THEORY Many studies relate financial sector development with economic growth, while other studies relate it with poverty reduction. A study Ahmed and Ansari (1998) on three South Asian countries (India, Pakistan, and Sri Lanka) finds that financial sector development, which is measured the ratio of broad money over The review leads to the following broad conclusions: (i) there are convincing arguments that financial sector development plays a vital role in facilitating economic growth and poverty reduction, and these arguments are supported overwhelming empirical evidence from both cross-country and country specific studies; (ii) there are however Scopri Financial Development, Institutions, Growth and Poverty Reduction di Basudeb Guha-Khasnobis, George Mavrotas: spedizione gratuita per i clienti Prime e per ordini a partire da 29€ spediti da Amazon. development, economic growth and poverty reduction, and to provide a more robust intellectual foundation on which to design efficient and pro-poor financial sector policies for developing countries. The paper examines the contribution that financial sector development can make to poverty reduction in developing countries. Financial Development, Financial Instability and Poverty Summary: This article investigates how financial development is beneficial to the reduction of poverty, on the one hand promoting growth and in the other hand directly the McKinnon conduit effect. At the same time, however, financial … INSTITUTIONS AND POLICIES FOR GROWTH AND POVERTY REDUCTION: THE ROLE OF PRIVATE SECTOR DEVELOPMENT 73 the two is that institutions encompass the formal and informal rules and customs within which individuals and firms operate; policies, on the other hand, refer to Jalilian and Kirkpatrick (2002), Beck et al. (2008), and Jeanneney and Kpodar (2011) have used the trickle-down approach – an indirect effect of financial development on poverty reduction through economic growth – to investigate financial development and poverty reduction in developing countries and find that financial development fosters Financial Development, Institutions, Growth and Poverty Reduction Basudeb Guha-Khasnobis; George Mavrotas and Publisher Palgrave Macmillan. Save up to 80% choosing the eTextbook option for ISBN: 9780230594029, 0230594026. The print version of this textbook is ISBN: 9780230201774, 0230201776. The article examines the contribution of financial development to poverty reduction in developing countries. Building on earlier research which has established links between financial development and economic growth, and between economic growth and poverty reduction, the article tests for a causal process linking financial sector growth and poverty reduction. development of a viable financial sector is vital for both economic growth and poverty reduction (World Bank, 2004; DFID, 2004a).After realising the fact that economic development of a country cannot be possible without the involvement of rural area and poor, many new financial institutions and instruments were framed keeping in view of “There has been significant progress on poverty reduction.” Most countries have reached Millennium Development Goal 1, which aimed to cut poverty in half the year 2015. But it’s also clear that growth hasn’t translated into poverty reduction as well in some places as it has in others. Fosu notes the contrasting examples of China and 681 FINANCIAL DEVELOPMENT AND POVERTY REDUCTION IN TURKEY Muhsin KAR1, Hüseyin AĞIR2, Osman PEKER3 Abstract The relationship between financial development and economic growth has been one of the 5 Financial Sector Development, Savings Mobilization and Poverty Reduction in Ghana 87 Peter Quartey Introduction 87 Developments in Ghana's financial sector 89 Financial sector development and poverty reduction 95 Methods of analysis 102 Findings 103 Conclusion and policy implications 114 Appendix 116 6 Finance and Growth: An Empirical Quartey P. (2008) Financial Sector Development, Savings Mobilization and Poverty Reduction in Ghana. In: Guha-Khasnobis B., Mavrotas G. (eds) Financial Development, Institutions, Growth and Poverty Reduction. Financial Development and Poverty Reduction: This assumes that even if financial institutions do not provide credit to the poor who must self-finance investment, they are useful the positive effect of financial development on growth, and the second shows that credit 4. Finance and Poverty in Ethiopia: A Household-Level Analysis Alemayehu Geda, Abebe Shimeles, Daniel Zerfu. 5. Financial Sector Development, Savings Mobilization and Poverty Reduction in Ghana Peter Quartey. 6. Finance and Growth: An Empirical Assessment of the Indian Economy Pranab Kumar Das, Basudeb Guha-Khasnobis. 7. Financial Development, Institutions, Growth And Poverty Reduction è un libro di Guha-Khasnobis Basudeb, Mavrotas George edito da Palgrave Macmillan a aprile 2008 - EAN 9780230201774: puoi acquistarlo sul sito la grande libreria online. Downloadable! In this paper, we re-assess the finance-growth-poverty linkage in Ghana during the period 1960–2015. We account for structural changes and omitted variable bias, using a modified multivariate distributed lag framework. We find financial development to cause economic growth, which in turn causes poverty reduction in Ghana. This has useful policy implications.