Publication:
Finance, Inequality, and Poverty: Cross-Country Evidence

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dc.contributor.authorLevine, Ross
dc.contributor.authorBeck, Thorsten
dc.contributor.authorDemirguc-Kunt, Asli
dc.date.accessioned2013-06-19T20:49:20Z
dc.date.available2013-06-19T20:49:20Z
dc.date.issued2004-06
dc.description.abstractWhile substantial research finds that financial development boosts overall economic growth, the authors study whether financial development is pro-poor: Does financial development disproportionately raise the income of the poor? Using a broad cross-country sample, the authors find that the answer is yes: Financial intermediary development reduces income inequality by disproportionately boosting the income of the poor and therefore reduces poverty. This result is robust to controlling for simultaneity bias and reverse causation.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/06/4966140/finance-inequality-poverty-cross-country-evidence
dc.identifier.doi10.1596/1813-9450-3338
dc.identifier.urihttps://hdl.handle.net/10986/14038
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No.3338
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectABSOLUTE POVERTY
dc.subjectCAPITAL MARKETS
dc.subjectCORPORATE FINANCE
dc.subjectDEVELOPMENT BANKS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC PERFORMANCE
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL ECONOMICS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH POLICIES
dc.subjectGROWTH RATE
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINFANT MORTALITY
dc.subjectINFLATION RATE
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET COMPETITION
dc.subjectPOLITICAL ECONOMY
dc.subjectPOVERTY ALLEVIATION
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCTIVITY
dc.subjectABSOLUTE POVERTY
dc.subjectABSOLUTE VALUE
dc.subjectADVERSE SELECTION
dc.subjectAGGREGATE GROWTH
dc.subjectAGGREGATE MEASURE
dc.subjectANNUAL GROWTH
dc.subjectANNUAL GROWTH RATE
dc.subjectASYMMETRIC INFORMATION
dc.subjectAVERAGE ANNUAL
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE INCOME
dc.subjectAVERAGE INCOME GROWTH
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCOMPETITIVENESS
dc.subjectCORPORATE FINANCE
dc.subjectCORRUPTION
dc.subjectCOUNTRY REGRESSIONS
dc.subjectCOUNTRY-SPECIFIC EFFECTS
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT MARKET
dc.subjectCROSS-COUNTRY STUDIES
dc.subjectDEBT
dc.subjectDEPENDENT VARIABLE
dc.subjectDESCRIPTIVE STATISTICS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISTRIBUTION EFFECT
dc.subjectDISTRIBUTION FUNCTION
dc.subjectDISTRIBUTIONAL CHANGE
dc.subjectDISTRIBUTIONAL COMPONENT
dc.subjectDISTRIBUTIONAL EFFECT
dc.subjectDISTRIBUTIONAL EFFECTS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC PERSPECTIVES
dc.subjectECONOMIC STUDIES
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEMPIRICAL GROWTH LITERATURE
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPIRICAL RESULTS
dc.subjectEQUAL ACCESS
dc.subjectERROR TERM
dc.subjectEXPLANATORY VARIABLES
dc.subjectEXPORTS
dc.subjectFINANCIAL DEPTH
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGINI COEFFICIENT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH
dc.subjectGROWTH COMPONENT
dc.subjectGROWTH DETERMINANTS
dc.subjectGROWTH EFFECT
dc.subjectGROWTH PRO-POOR
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME GROUPS
dc.subjectINCOME GROWTH
dc.subjectINCOME GROWTH RATE
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINCOME QUINTILES
dc.subjectINCOME SHARE
dc.subjectINCOME SHOCKS
dc.subjectINCOMES
dc.subjectINEQUALITY
dc.subjectINEQUALITY CHANGES
dc.subjectINEQUALITY FALLS
dc.subjectINEQUALITY MEASURES
dc.subjectINFANT MORTALITY
dc.subjectINFLATION RATE
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectLEGAL ORIGIN
dc.subjectLINEAR RELATIONSHIP
dc.subjectLORENZ CURVE
dc.subjectLOW INCOMES
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMICS
dc.subjectMEAN INCOME
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMONETARY ECONOMICS
dc.subjectNORMAL DISTRIBUTION
dc.subject0 HYPOTHESIS
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA GROWTH RATE
dc.subjectPOINT ESTIMATE
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOPULATION GROWTH
dc.subjectPOPULATION GROWTH RATES
dc.subjectPOSITIVE EFFECT
dc.subjectPOSITIVE IMPACT
dc.subjectPOSITIVE RELATIONSHIP
dc.subjectPOVERTY
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOVERTY GAP
dc.subjectPOVERTY INCIDENCE
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY-GROWTH-INEQUALITY TRIANGLE
dc.subjectPRIMARY ENROLLMENT
dc.subjectPRIMARY SCHOOL
dc.subjectPRIVATE SECTOR
dc.subjectPRO-GROWTH POLICIES
dc.subjectPUBLIC POLICIES
dc.subjectPUBLIC SECTOR
dc.subjectREAL GDP
dc.subjectREDUCING POVERTY
dc.subjectRELATIVE INCOME
dc.subjectREVERSE CAUSATION
dc.subjectSIGNIFICANCE LEVEL
dc.subjectSIGNIFICANT CORRELATION
dc.subjectSIGNIFICANT EVIDENCE
dc.subjectSIGNIFICANT IMPACT
dc.subjectSOCIAL SERVICES
dc.subjectSTANDARD DEVIATION
dc.subjectTRADE OPENNESS
dc.subjectVALUATION
dc.subjectWEALTH
dc.subjectMicrodata Set
dc.titleFinance, Inequality, and Poverty: Cross-Country Evidenceen
dspace.entity.typePublication
okr.crossref.titleFinance, Inequality, and Poverty: Cross-Country Evidence
okr.date.doiregistration2025-04-10T09:58:31.765547Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2004/06/4966140/finance-inequality-poverty-cross-country-evidence
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeGovernance
okr.guid824991468778185410
okr.identifier.doi10.1596/1813-9450-3338
okr.identifier.externaldocumentum000112742_20040723123757
okr.identifier.internaldocumentum4966140
okr.identifier.reportWPS3338
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/07/23/000112742_20040723123757/Rendered/PDF/wps3338.pdfen
okr.relation.associateddatasethttp://microdata.worldbank.org/index.php/catalog/1788
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth::Economic Conditions and Volatility
okr.topicEnvironmental Economics and Policies
okr.topicHealth Economics and Finance
okr.topicPayment Systems and Infrastructure
okr.topicPoverty Reduction::Inequality
okr.topicGovernance::Governance Indicators
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume1 of 1
relation.isAuthorOfPublication4694cd5a-bd90-594b-abe2-f5b681139e6d
relation.isAuthorOfPublication234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isAuthorOfPublication.latestForDiscovery4694cd5a-bd90-594b-abe2-f5b681139e6d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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