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This paper examines the linkage among financial liberalization, economic growth and poverty reduction in Sub … growth is positively associated with poverty reduction and financial liberalization coefficients are positively related to … liberalization are not significant in the poverty equation suggests that financial liberalization does not have direct impact on …
Persistent link: https://www.econbiz.de/10010726390
The existing weight of evidence suggests that financial structure (the classification of a financial system as bank-based versus market-based) is irrelevant for economic growth. This contradicts the common belief that the institutional structure of a financial system matters. We re-examine this...
Persistent link: https://www.econbiz.de/10011471744
In the People’s Republic of Bangladesh, the poverty has been a main challenge since the last decades and its … alleviation is one of the country’s strategic goals to achieve MDGs by 2015 to fight poverty and improve the standards of living … of underprivileged population. Micro and SME financing have been playing important role in poverty reduction by creation …
Persistent link: https://www.econbiz.de/10011261764
The 2010 Report continues the tradition of pushing the frontiers of development thinking. For the first time since 1990, the Report looks back rigorously at the past several decades and identifies often surprising trends and patterns with important lessons for the future. These varied pathways...
Persistent link: https://www.econbiz.de/10008837640
Indebtedness has been acknowledged as one of the most infamous stumbling blocks in the way of rural prosperity. It is cancerous, self-perpetuating, malignant and maleficent. It abates agricultural production, abashes social psyche, aggravates inequalities in the distribution of socioeconomic...
Persistent link: https://www.econbiz.de/10005621463
This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial … accumulation of human capital. We examine the impact of equity market liberalization on inequality by using the data of 72 … countries during 1980-2006. The effect is robust to alternative measurements of equity market liberalization. Furthermore …
Persistent link: https://www.econbiz.de/10009528938
possibility of reducing inequality and poverty through equity market liberalization. -- income inequality ; equity market …This paper provides compelling evidence that equity market liberalization, as the most efficient way to smooth … increased human capital accumulation. The authors examine the effect of equity market liberalization on inequality by using data …
Persistent link: https://www.econbiz.de/10009723948
We model technological and financial innovation as reflecting the decisions of profit maximizing agents and explore the implications for economic growth. We start with a Schumpeterian endogenous growth model where entrepreneurs earn monopoly profits by inventing better goods and financiers arise...
Persistent link: https://www.econbiz.de/10008512087
The main purpose of this study was to explore the causal link between stock market performance and economic growth in terms of a simple theoretical and empirical literature framework. Researchers hold diverse opinions regarding the importance of stock markets playing a significant role in...
Persistent link: https://www.econbiz.de/10010701141
The objective of this paper is to examine the influence of financial development consisting of financial depth, investment share and inflation on economic growth of ASEAN during 2002 through 2011. Using the fixed effect panel data OLS regression estimations, the study shows that share investment...
Persistent link: https://www.econbiz.de/10011183542