Financial development disproportionately boosts incomes of the poorest quintile and reduces income inequality. About 40% of the long-run impact of financial development on the income growth of the poorest quintile is the result of reductions in income inequality, while 60% is due to the impact of...
Finance, inequality and the poor Financial development disproportionately boosts incomes of the poorest quintile and reduces income inequality. About 40% of the long-run impact of financia... T Beck,Asli Demirgü-Kunt,R Levine - 《Journal of Economic Growth》...
Financial development disproportionately boosts incomes of the poorest quintile and reduces income inequality. About 40% of the long-run impact of financial development on the income growth of the poorest quintile is the result of reductions in income inequality, while 60% is due to the impact of...
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....
potentially improving efficiency without necessarily replacing workers. He also emphasized that AI can play a role as a transformative force rather than a sudden catalyst for growth. Moreover, Pissarides dismissed concerns about AI exacerbating social inequality, attributing such outcomes to human decisions...
Finance, inequality and the poor Financial development disproportionately boosts incomes of the poorest quintile and reduces income inequality. About 40% of the long-run impact of financia... T Beck,Asli Demirgü-Kunt,R Levine - 《Journal of Economic Growth》...
Gigantic oil rents have made many countries unstable. Rival factions vie to control riches, fuelling inequality and strife. Vast dollar inflows buoy local currencies, crushing exporters. Debt binges during boom times trigger fiscal crises when the cycle turns. Resentful populations make domestic politic...
SFC Markets and Finance: When I was in South Africa, I found that social inequality is a major issue. What can South Africa learn from China's poverty alleviation? David Monyae: China has uplifted more than 800 million people out of poverty since the opening-up in 1978. I think the ma...
Inclusive finance encompasses the provision of loans and other basic financial services often through microfinance institutions, and its macroeconomic effects are multifaceted. An inclusive financial system generates not only lower socio-economic inequality [5, 6•], but also a more prosperous economy ...
Barriers to bank access and use around the world The World Bank Economic Review (2008) T. Beck et al. Financial and legal constraints to firm growth: Does size matter? The Journal of Finance (2005) T. Beck et al. Finance, inequality and the poor: Cross-country evidence Journal of ...