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Finance is good for the poor but it depends where you live

Rewilak, Johan (2013) Finance is good for the poor but it depends where you live. Journal of Banking and Finance, 37 (5). pp. 1451-1459. ISSN 0378-4266

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I examine whether or not the incomes of the poor systematically grow with average incomes, and
whether financial development enhances the incomes of the poorest quintile. Following the methodology of Dollar and Kraay (2002), I find, once extending Dollar and Kraay’s data, their findings are robust to the Lucas critique and economic growth is important for poverty reduction universally. However, in comparison
to other authors’ work I show financial development aids the incomes of the poor in certain regions, whilst it may be detrimental in others. This proposes evidence against a ‘‘one size fits all’’ model adding a further contribution to the literature on financial development and poverty.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Schools: Huddersfield Business School
Huddersfield Business School > Quantitative Analysis Research Group
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Depositing User: Johan Rewilak
Date Deposited: 19 Mar 2015 14:32
Last Modified: 28 Aug 2021 18:25


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