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. Studies that do not address endogeneity tend to overstate the effect of finance on growth. While the effect seems to be weaker …
Persistent link: https://www.econbiz.de/10010322263
reveals that only a handful of indicators robustly matter and finance plays a key role. It reports that while financial depth … increases wealth inequality, efficiency and access to finance reduce inequality. In addition, redistribution and education are …
Persistent link: https://www.econbiz.de/10012063480
We replicate Burgess and Pande (2005), who analyze the effects of the state-led expansion of the banking sector on poverty in India from 1961 to 1990. They find that the bank branch expansion in the rural areas decreased poverty due to improved access to credit and saving facilities. However,...
Persistent link: https://www.econbiz.de/10012389275