The role of financial development in poverty reduction

Johan Rewilak

doi:10.1016/j.rdf.2017.10.001

The role of financial development in poverty reduction

Johan Rewilak

Research output: Contribution to journal › Article › peer-review

Abstract

This paper investigates whether financial development is conducive in poverty reduction. Separating financial development into four categories and using newly available data this paper finds that both financial deepening and greater physical access is beneficial in reducing the proportion of people below the poverty line. Using alternative measures of financial instability, the results also challenge existing findings that it may increase the incidence of poverty. In addition, the results remain robust even when controlling for mobile money, providing a further valuable contribution to the literature.

Original language	English
Pages (from-to)	169-176
Journal	Review of Development Finance
Volume	7
Issue number	2
Early online date	17 Nov 2017
DOIs	https://doi.org/10.1016/j.rdf.2017.10.001
Publication status	Published - 1 Dec 2017

Bibliographical note

© 2017 Africagrowth Institute. Production and hosting by Elsevier B.V. This is an open access article under the CC BY-NC-ND license
(http://creativecommons.org/licenses/by-nc-nd/4.0/).

Keywords

Financial development; Poverty reduction; Mobile money

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The role of financial development in poverty reductionFinal published version, 522 KBLicence: CC BY-NC-ND 3.0

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The role of financial development in poverty reduction

Abstract

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Keywords

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