Finance Inequality and Poverty is popular PDF and ePub book, written by Thorsten Beck in 2004, it is a fantastic choice for those who relish reading online the Finance genre. Let's immerse ourselves in this engaging Finance book by exploring the summary and details provided below. Remember, Finance Inequality and Poverty can be Read Online from any device for your convenience.
Finance Inequality and Poverty Book PDF Summary
"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"--National Bureau of Economic Research web site.
Detail Book of Finance Inequality and Poverty PDF
- Author : Thorsten Beck
- Release : 21 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Finance
- Total Page : 36 pages
- Language : English
- PDF File Size : 15,8 Mb
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