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Cited by 307

The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.

Finance, Inequality, and Poverty: Cross-Country Evidence

Open access
Beck, Thorsten, Demirguc-Kunt, Asli, Levine, Ross·2004·National Bureau of Economic Research
DOI 10.3386/w10979
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Abstract

While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty.Using a broad cross-country sample, we distinguish among competing theoretical predictions about the impact of financial development on changes in income distribution and poverty alleviation.We find that financial development reduces income inequality by disproportionately boosting the incomes of the poor.Countries with better-developed financial intermediaries experience faster declines in measures of both poverty and income inequality.These results are robust to controlling for other country characteristics and potential reverse causality.

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Metadata

Authors
Beck, T., Demirguc-Kunt, A., & Levine, R.
Venue
National Bureau of Economic Research
Publisher
National Bureau of Economic Research
Published
2004-12
DOI
10.3386/w10979
OpenAlex
W3122648806
Cited by
307
References
6
Type
report
Language
en
Open access
green

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CoChat. (2026). Citation check: Finance, Inequality, and Poverty: Cross-Country Evidence. https://app.cochat.ai/papers/10.3386/w10979
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Beck, T., Demirguc-Kunt, A., & Levine, R. (2004). Finance, Inequality, and Poverty: Cross-Country Evidence. National Bureau of Economic Research. https://doi.org/10.3386/w10979

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