Financial development and poverty reduction in developing countries

Hossein Jalilian, Colin Kirkpatrick

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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 languageEnglish
Pages (from-to)97-108
Number of pages11
JournalInternational Journal of Finance and Economics
Issue number2
Publication statusPublished - 2002

Research Beacons, Institutes and Platforms

  • Global Development Institute


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