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This paper empirically examines the quantitative relationship between financial inclusion and inclusive growth in sub … other covariates, has a quantifiable and discernible impact on inclusive growth compared with availability and knowledge of … financial services. Precisely, a unit increase in the usage of financial products and services improves inclusive growth by 0 …
Persistent link: https://www.econbiz.de/10013461052
between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U … relationship between growth and inequality can take the form of a wave. Secondly, we examine the issue of the existence of …
Persistent link: https://www.econbiz.de/10010531112
branches and access to credit by the private sector are vital ingredients of sustainable economic growth in both countries …
Persistent link: https://www.econbiz.de/10014500525
climate change on achieving pro-poor economic growth in Africa. Predicated on poverty-inequality-climate analysis, the …Africa's pursuit of inclusive and sustainable economic growth is impeded by many challenges, including climate change … that climate change significantly impedes inclusive growth. Furthermore, evidence of a long-lasting negative effect of …
Persistent link: https://www.econbiz.de/10014501041
being considered inclusive, given the persistently high levels of poverty and income inequality across the continent. To … public debt service exacerbates both poverty and income inequality, underscoring the adverse consequences of mounting public … debt pressures in the region. Interestingly, while government expenditure reduces inequality and worsens poverty, an …
Persistent link: https://www.econbiz.de/10014501082
convinced that higher growth would reduce income poverty to an acceptable margin, there appears to be little concrete policy … possibly rising inequality would ensure that a great many would fall through the cracks, and not benefit from high growth, even …This paper focuses on the role of institutions in poverty alleviation, where both poverty and institutions are …
Persistent link: https://www.econbiz.de/10011400868
This article examines the causal relationship between foreign aid, poverty, and economic growth in 82 developing … relationship between economic growth and poverty; (b) a unidirectional causal relationship from economic growth to foreign aid; and … converge to its long-run equilibrium path in response to changes in economic growth and poverty; and (b) both economic growth …
Persistent link: https://www.econbiz.de/10012149196
current level of utility is lower than this value, there is room for growth of both the utility level and the maximin value …. For any resource allocation mechanism (ram) and economic dynamics, growth is limited by the long-run level of the maximin … growth to stop, and the adoption of maximin decisions instead of the current ram. We illustrate this pattern in two canonical …
Persistent link: https://www.econbiz.de/10012104003
We analyze the adoption of green technology in a dynamic economy affected by random shocks where demand spillovers are the main driver of technological improvements. Firms' beliefs and consumers' anticipations drive the path of the economy. We derive the optimal policy of investment subsidy and...
Persistent link: https://www.econbiz.de/10011657885
This paper explores a new theoretical and empirical approach to the assessment of human wellbeing, relevant to current challenges of social fragmentation in the presence of globalization and technological advance. We present two indexes of well-being - solidarity (S) and agency (A) - to be...
Persistent link: https://www.econbiz.de/10012171696