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Financial Deepening, Property Rights and Poverty :, Evidence From Sub-Saharan Africa, Yifei Huang, Raju Singh

Recent studies on the relationship between financial development and poverty have been inconclusive. Some claim that, by allowing more entrepreneurs to obtain financing, financial development improves the allocation of capital, which has a particularly large impact on the poor. Others argue that it is primarily the rich and politically connected who benefit from improvements in the financial system. This paper looks at a sample of 37 countries in sub-Saharan Africa from 1992 through 2006. Its results suggest that financial deepening could narrow income inequality and reduce poverty, and that stronger property rights reinforce these effects. Interest rate and lending liberalization alone could, however, be detrimental to the poor if not accompanied by institutional reforms, in particular stronger property rights and wider access to creditor information
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Theoretical Background and Review of the Literature; III. Empirical Analysis; A. Data; 1. Descriptive Statistics, 1992-06; 2. Correlation Matrix; B. Methodology and Main Results; 3. Dependent Variable, Headcount Index; 4. Dependent Variable, Poverty Gap; 5. Dependent Variable, Gini Coefficient; 6. Dependent Variable, Income of the Poorest Quintile; IV. Summary and Conclusions; I. Robustness Tests; 1. Low-Income Countries - Dependent Variable, Headcount Index; 2. Low-Income Countries - Dependent Variable, Poverty Gap
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (41 p.)
Specific Material Designation
Form Of Item

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