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The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
This paper studies the association between financial development, financial stability, and poverty for a sample of 109 … development, and only a few recent studies have looked at the effects of financial stability on poverty. However, none of the … existing studies has looked at the interaction effect of the two on poverty. Our contribution to this literature is manifold …
Persistent link: https://www.econbiz.de/10014253991
much better prospect than many other parts of the Third World; the prospects soon dimmed, however, as South Asia crawled …
Persistent link: https://www.econbiz.de/10011913065
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...
Persistent link: https://www.econbiz.de/10013412764
I review the literature on the effects of inequality on growth and development in the developing world. Two stylized … a negative association emerges. Between 15 and 40 percent of the developing world's population lives in countries with …
Persistent link: https://www.econbiz.de/10012729524
This research explores the effects of culture on technological diffusion and economic development. It shows that culture's direct effects on development and barrier effects to technological diffusion are, in general, observationally equivalent. In particular, using a large set of measures of...
Persistent link: https://www.econbiz.de/10011528503
Persistent link: https://www.econbiz.de/10011871898
This paper estimated models for GDP growth rates, poverty levels and inequality measures for the period 1990-2000 using … population health indicators such as life expectancy were important predictors of GDP growth rates. Fourth, results for poverty … measures showed that poverty was not directly affected by globalization indicators. Finally, the model for Gini coefficients …
Persistent link: https://www.econbiz.de/10014195554
This article studies the role of technology drivers in catching up at different stages of development. Countries can be at different stages of development when entering in a new catching-up cycle. Thus, the technological drivers of growth [technological capabilities, external spillovers,...
Persistent link: https://www.econbiz.de/10012157100
The majority of the world's poor, by income poverty and multi-dimensional poverty, now live in countries officially … classified by the World Bank as middle-income countries. Of course nothing happens when a country crosses a (somewhat) arbitrary … ending aid. In light of this, this paper considers two competing perspectives on this changing pattern of global poverty: the …
Persistent link: https://www.econbiz.de/10009752790