The DOI matches its Crossref record; 69 of the 69 references it cites were found in a registry or an index.
Finance, Inequality, and Poverty: Cross-Country Evidence
Open accessAbstract
While substantial research finds that financial development boosts overall economic growth, the authors study whether financial development is pro-poor: Does financial development disproportionately raise the income of the poor? Using a broad cross-country sample, the authors find that the answer is yes: Financial intermediary development reduces income inequality by disproportionately boosting the income of the poor and therefore reduces poverty. This result is robust to controlling for simultaneity bias and reverse causation.
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Cites
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Africa's Growth Tragedy: Policies and Ethnic Divisions
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Self-citationFinancial Development and Economic Growth: Views and Agenda
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Self-citationAghion, P., & Durlauf, S. N. (2005) · RePEc: Research Papers in Economics · Cited by 4,447
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Self-citationDistributive Politics and Economic Growth
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Cited by
Chapter 12 Finance and Growth: Theory and Evidence
Levine, R. (2005) · Handbook of Economic Growth · doi:10.1016/s1574-0684(05)01012-9 · Cited by 2,889
Self-citationThe digital revolution in financial inclusion: international development in the fintech era
Gabor, D., & Brooks, S. (2017) · New Political Economy · doi:10.1080/13563467.2017.1259298 · Cited by 796
Financial development and income inequality: a panel data approach
Jauch, S., & Watzka, S. (2016) · Empirical Economics · doi:10.1007/s00181-015-1008-x · Cited by 372
The political economy of financial development
Girma, S., & Shortland, A. (2007) · Oxford Economic Papers · doi:10.1093/oep/gpm040 · Cited by 203
Does digital financial inclusion reduce the risk of returning to poverty? Evidence from China
Xu, F., Zhang, X., & Zhou, D. (2024) · International Journal of Finance & Economics · doi:10.1002/ijfe.2812 · Cited by 39
Metadata
- Authors
- Levine, R., Beck, T., & Demirguc-Kunt, A.
- Venue
- World Bank, Washington, DC eBooks
- Publisher
- World Bank, Washington, DC
- Published
- 2004-06
- OpenAlex
- W1957480889
- Cited by
- 451
- References
- 69
- Type
- report
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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