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This paper examines how domestic, foreign, private and public investments affect income-inequality through financial intermediary dynamics. With the exception of financial allocation efficiency, financial channels of depth and activity are good for the poor as they diminish estimated household...
Persistent link: https://www.econbiz.de/10011390778
poverty should take account of the disequalizing income-effect of foreign investment in undeveloped countries. …
Persistent link: https://www.econbiz.de/10011390779
Despite over three decades of Liberalisation policies in Africa, income-inequality has stayed persistently high. Using …
Persistent link: https://www.econbiz.de/10011390816
which freedoms channels are poverty and inequality mitigated? With the instrumentality of formal institutions: (1) de jure … (poverty). Hence, economic freedom does not stop the wealthy from growing wealthier, but at the same time provides for … conditions that mitigate poverty. The findings broadly show that, despite the substantially documented negative incidences of …
Persistent link: https://www.econbiz.de/10011390834
In the first empirical study on how financial reforms have been instrumental in mitigating inequality through financial sector competition, we contribute at the same time to the macroeconomic literature on measuring financial development and respond to the growing field of economic development...
Persistent link: https://www.econbiz.de/10011390836
'-oriented poverty reduction channels are discussed. Originality/value - It deviates from mainstream country-specific and microeconomic …
Persistent link: https://www.econbiz.de/10011390847
-specific and microeconomic survey-based approaches is on 52 African countries. 'Mobile phone'-oriented poverty reduction channels …
Persistent link: https://www.econbiz.de/10011390851
The employment of financial development indicators without due consideration to country/regional specific financial development realities remains an issue of substantial policy relevance. Financial depth in the perspective of money supply is not equal to liquid liabilities in every development...
Persistent link: https://www.econbiz.de/10011390855
This study complements the inclusive growth literature by examining the determinants and consequences of the middle class in a continent where economic growth has been relatively high. The empirical evidence is based on a sample of 33 African countries for a 2010 cross-sectional study. OLS,...
Persistent link: https://www.econbiz.de/10011390886
This study complements existing literature by investigating how investment-driven finance affects inequality in Africa …
Persistent link: https://www.econbiz.de/10011596325