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We analyze the link between financial development and income inequality for a broad unbalanced dataset of 138 developed and developing countries over the years 1960 to 2008. Using credit-to-GDP as measure of financial development, our results reject theoretical models predicting a negative...
Persistent link: https://www.econbiz.de/10010280825
the causal relationships between income inequality, poverty and globalisation. Inequality is negatively correlated to … globalisation, and globalisation reduces poverty. …
Persistent link: https://www.econbiz.de/10010262026
countries with respect to poverty reduction, the distribution of income within countries, the distribution of income between …
Persistent link: https://www.econbiz.de/10010277824
structural equation path models is estimated. In the modeling part, poverty traps result from large fixed costs or high …
Persistent link: https://www.econbiz.de/10010305424
leverage to promote economic catching- up and poverty alleviation in the countries they govern. …
Persistent link: https://www.econbiz.de/10010265520
and absolute poverty alleviation, although some important counter-examples emerge. …
Persistent link: https://www.econbiz.de/10010267341
The study presents recent global evidence on the transformation of economic growth to poverty reduction in developing …-specific data are analysed for the US$1.25 and US$2.50 level poverty headcount ratios using the most recent World Bank data. The … study finds that on average income growth has been the major driving force behind both the declines and increases in poverty …
Persistent link: https://www.econbiz.de/10010280101
many developing and developed economies. This is disturbing since little progress can be made in poverty reduction when … growth, and therefore poverty reduction through growth. This paper finds evidence of a concave relationship between …
Persistent link: https://www.econbiz.de/10010279357
Several developing economies witnessed a large number of systemic financial and currency crises since the 1980s which resulted in severe economic, social, and political problems. The devastating impact of the 1982 and 1994-95 Mexican crises, the 1997-98 Asian financial crisis, the 1998 Russian...
Persistent link: https://www.econbiz.de/10010271785
This paper examines the role of the financial sector in renewable energy (RE) development. Although RE can bring socio-economic and environ- mental benefits, its implementation faces a number of obstacles, especially in non-OECD countries. One of these obstacles is financing: underdevel- oped...
Persistent link: https://www.econbiz.de/10011753181