000 01385cam a2200205 4500500
005 20250121093843.0
041 _afre
042 _adc
100 1 0 _aBoukhatem, Jamel
_eauthor
700 1 0 _a Mokrani, Bochra
_eauthor
245 0 0 _aDirect Effects of Financial Development on Poverty: Empirical Validation on a Panel of Low and Middle Income Countries
260 _c2013.
500 _a43
520 _aThis paper empirically examines the existence of direct effects of financial development on poverty reduction in sixty-seven low and middle income countries over the period of 1986-2009. The empirical results suggest that financial development contributes directly to the reduction of poverty, and this is independent of the econometric method used. On the other hand, instability related to financial development would penalize the poor and annihilate the positive effects of financial development. Thus, the question arises as to whether it is necessary to find a trade-off between financial development and its instability in order to ensure pro-poor growth.
690 _apoverty
690 _afinancial development
690 _apanel instrumental variables
786 0 _nMondes en développement | o 160 | 4 | 2013-01-07 | p. 133-148 | 0302-3052
856 4 1 _uhttps://shs.cairn.info/journal-mondes-en-developpement-2012-4-page-133?lang=en&redirect-ssocas=7080
999 _c516797
_d516797