Publication:
Does Financial Structure Matter for Poverty? Evidence from Developing Countries

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dc.contributor.authorKpodar, Kangni
dc.contributor.authorSingh, Raju Jan
dc.date.accessioned2012-03-19T18:06:49Z
dc.date.available2012-03-19T18:06:49Z
dc.date.issued2011-12-01
dc.description.abstractAlthough there has been research looking at the relationship between the structure of the financial system and economic growth, much less work has dealt with the importance of bank-based versus market-based financial systems for poverty and income distribution. Empirical evidence has indicated that the structure of the financial system has little relevance for economic growth, suggesting that the same could be true for poverty since growth is an important driver in reducing poverty. Some theories, however, claim that, by reducing information and transaction costs, the development of bank-based financial systems could exert a particularly large impact on the poor. This paper looks at a sample of 47 developing economies from 1984 through 2008. The results suggest that when institutions are weak, bank-based financial systems are better at reducing poverty and, as institutions develop, market-based financial systems can turn out to be beneficial for the poor.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111213133824
dc.identifier.doi10.1596/1813-9450-5915
dc.identifier.urihttps://hdl.handle.net/10986/3685
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5915
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO EDUCATION
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO MARKETS
dc.subjectACCESS TO SERVICES
dc.subjectACCOUNTING
dc.subjectADVANCED COUNTRIES
dc.subjectADVERSE SELECTION
dc.subjectAGRICULTURAL SECTOR
dc.subjectAMOUNT OF COLLATERAL
dc.subjectBAD BANKS
dc.subjectBANK ASSETS
dc.subjectBANK BRANCH
dc.subjectBANK BRANCHES
dc.subjectBANK CREDIT
dc.subjectBANK LOANS
dc.subjectBANK POLICY
dc.subjectBANKING CONCENTRATION
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR DEVELOPMENT
dc.subjectBANKING SECTOR EFFICIENCY
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBASIC NEEDS
dc.subjectBOND
dc.subjectBORROWING
dc.subjectCAPITAL ALLOCATION
dc.subjectCAPITALIZATION
dc.subjectCENTRAL BANKS
dc.subjectCHILD LABOR
dc.subjectCLEAN WATER
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANK ASSETS
dc.subjectCOMMERCIAL BANKS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCORPORATE FINANCE
dc.subjectCOUNTRY COMPARISONS
dc.subjectCOUNTRY RISK
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT GROWTH
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RATIONING
dc.subjectCREDITOR
dc.subjectCREDITOR RIGHTS
dc.subjectCURRENCY
dc.subjectDEBT
dc.subjectDEFAULTS
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSIT MONEY BANKS
dc.subjectDEPOSITS
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPMENT BANKING
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDISCRIMINATION
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDOMESTIC EQUITIES
dc.subjectDOMESTIC EXCHANGES
dc.subjectDURABLE
dc.subjectDURABLE ASSETS
dc.subjectEARNINGS
dc.subjectECONOMETRICS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OPPORTUNITIES
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC THEORY
dc.subjectEDUCATION LEVEL
dc.subjectEMPLOYMENT
dc.subjectENROLMENT RATE
dc.subjectENTREPRENEUR
dc.subjectENTREPRENEURS
dc.subjectEQUITY MARKETS
dc.subjectEXPECTED RETURN
dc.subjectEXPORTS
dc.subjectFINANCIAL DEEPENING
dc.subjectFINANCIAL DEPTH
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIARY
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SECTOR REFORMS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCIAL STUDIES
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFIXED COST
dc.subjectFORMAL FINANCIAL INSTITUTIONS
dc.subjectFORMAL FINANCIAL SECTOR
dc.subjectFUTURE EARNINGS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGINI COEFFICIENT
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGREATER ACCESS
dc.subjectGROWTH MODELS
dc.subjectHEALTH SERVICES
dc.subjectHIGH INTEREST RATES
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLDS
dc.subjectHOUSING
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME INEQUALITIES
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINCOME VARIABILITY
dc.subjectINCOMES
dc.subjectINDIVIDUAL INVESTORS
dc.subjectINEFFICIENCY
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION RATES
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINFORMATION ASYMMETRY
dc.subjectINFORMATION ON BORROWERS
dc.subjectINFORMATION SHARING
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSTITUTIONAL ENVIRONMENT
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINSTRUMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectJOB CREATION
dc.subjectJOB OPPORTUNITIES
dc.subjectLABOR MARKETS
dc.subjectLACK OF ACCESS
dc.subjectLEGAL RIGHTS
dc.subjectLEGAL SYSTEM
dc.subjectLEGAL SYSTEMS
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN-TO-DEPOSIT RATIO
dc.subjectLORENZ CURVE
dc.subjectM2
dc.subjectM3
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC VARIABLES
dc.subjectMACROECONOMICS
dc.subjectMARKET CONSTRAINTS
dc.subjectMARKET EFFICIENCY
dc.subjectMARKET LIQUIDITY
dc.subjectMARKET VALUE
dc.subjectMICRO DATA
dc.subjectMICROFINANCE
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMONETARY FUND
dc.subjectNET INTEREST MARGIN
dc.subjectOVERHEAD COST
dc.subjectOVERHEAD COSTS
dc.subjectPER CAPITA INCOME
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOL OF BORROWERS
dc.subjectPOVERTY ALLEVIATION
dc.subjectPRICE STABILITY
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE PROPERTY
dc.subjectPRIVATE SECTOR CREDIT
dc.subjectPROBABILITY OF REPAYMENT
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHT
dc.subjectPROPERTY RIGHTS
dc.subjectPRUDENTIAL REQUIREMENTS
dc.subjectREMITTANCES
dc.subjectRESOURCE ALLOCATION
dc.subjectRETURN
dc.subjectRISK DIVERSIFICATION
dc.subjectRISK SHARING
dc.subjectRULE OF LAW
dc.subjectRURAL BANK
dc.subjectRURAL BANK BRANCHES
dc.subjectRURAL BANKS
dc.subjectSAVINGS
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDER PROTECTION
dc.subjectSKILLED WORKERS
dc.subjectSMALL ENTERPRISES
dc.subjectSOCIAL BANKING
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET CAPITALIZATION
dc.subjectSTOCK MARKET DEVELOPMENT
dc.subjectSTOCK MARKET DEVELOPMENTS
dc.subjectSTOCK MARKETS
dc.subjectTRADE LIBERALIZATION
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectTURNOVER
dc.subjectVILLAGES
dc.subjectWAGE RATES
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.titleDoes Financial Structure Matter for Poverty? Evidence from Developing Countriesen
dspace.entity.typePublication
okr.crossref.titleDoes Financial Structure Matter for Poverty? Evidence from Developing Countries
okr.date.disclosure2011-12-01
okr.date.doiregistration2025-04-10T11:05:13.827356Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111213133824
okr.guid577441468337481349
okr.identifier.doi10.1596/1813-9450-5915
okr.identifier.externaldocumentum000158349_20111213133824
okr.identifier.internaldocumentum15548380
okr.identifier.reportWPS5915
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/12/13/000158349_20111213133824/Rendered/PDF/WPS5915.pdfen
okr.region.administrativeWorld
okr.region.administrativeWorld
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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