Abstract
Empirical investigation of the link between financial development and economic growth has established that finance exerts a significant and positive influence on growth. This paper extends this line of analysis by examining the contribution that financial development makes to poverty reduction in low-income countries. The results reported support the contention that financial sector development policy can contribute to achieving the goal of poverty reduction in developing countries. Copyright © 2002 John Wiley & Sons, Ltd.
| Original language | English |
|---|---|
| Pages (from-to) | 97-108 |
| Number of pages | 11 |
| Journal | International Journal of Finance and Economics |
| Volume | 7 |
| Issue number | 2 |
| Publication status | Published - 2002 |
Research Beacons, Institutes and Platforms
- Global Development Institute
