Financial development and poverty reduction in developing countries
Version of Record online: 24 MAY 2002
Copyright © 2002 John Wiley & Sons, Ltd.
International Journal of Finance & Economics
Special Issue: Maxwell John Fry, 1944–2000
Volume 7, Issue 2, pages 97–108, April 2002
How to Cite
Jalilian, H. and Kirkpatrick, C. (2002), Financial development and poverty reduction in developing countries. Int. J. Fin. Econ., 7: 97–108. doi: 10.1002/ijfe.179
- Issue online: 24 MAY 2002
- Version of Record online: 24 MAY 2002
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.