European Parliament Library

Financial deepening, property rights and poverty, evidence from sub-Saharan Africa, Raju Jan Singh and Yifei Huang

Label
Financial deepening, property rights and poverty, evidence from sub-Saharan Africa, Raju Jan Singh and Yifei Huang
Language
eng
Bibliography note
Includes bibliographical references
Illustrations
illustrations
Index
no index present
Literary Form
non fiction
Main title
Financial deepening, property rights and poverty
Nature of contents
bibliographydictionaries
Responsibility statement
Raju Jan Singh and Yifei Huang
Series statement
IMF Working Paper, WP/11/196
Sub title
evidence from sub-Saharan Africa
Summary
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 s
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 Gap3. Low-Income Countries - Dependent Variable, Gini Coefficient4. Low-Income Countries - Dependent Variable, Income of the Poorest; 5. Excluding Outliers - Dependent Variable, Headcount Index; 6. Excluding Outliers - Dependent Variable, Poverty Gap; 7. Excluding Outliers - Dependent Variable, Gini Coefficient; 8. Excluding Outliers - Dependent Variable, Income of the Poorest; II. Variable Definitions and Data Sources; References; Footnotes