BibTex RIS Kaynak Göster

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Yıl 2014, Cilt: 1 Sayı: 2, 133 - 148, 30.10.2014
https://doi.org/10.15637/jlecon.46

Öz

The objective of this paper is to examine the relationship between financial development and poverty reduction in 8 MENA countries (Algeria, Egypt, Iran, Jordan, Mauritania, Morocco, Tunisia and Yemen) over the period of 1990-2012 by using an “ARDL approach”. Our empirical results show that the financial development favors the poor. The ratio to domestic credit to the private sector as % of GDP is significant and positive for Algeria, Iran, Jordan, and Tunisia. This country represents a sample of the upper-middle-income economies. While the ratio to liquid liabilities (M3) as % of GDP is significant and positive for our entire sample. This result suggests that access to credit for the poor remains a challenge.

Kaynakça

  • AKHTER, S., DALY, K.J., 2009. Finance and poverty: Evidence from fixed effect vector decomposition. Emerging Markets Review 10, 191–206. doi:1016/j.ememar.2009.02.005
  • AKHTER, S., LIU, Y., DALY, K., 2010. Cross country evidence on the linkages between financial development and poverty. International Journal of Business and Management 5, P3.
  • BECK, T., DEMIRGUC-KUNT, A., LEVINe, R., 2004. Finance, inequality, and poverty: cross-country evidence. National Bureau of Economic Research.
  • BECK, T., DEMIRGÜÇ-KUNt, A., LEVINE, R., 2007. Finance, inequality and the poor. Journal of economic growth 12, 27–49.
  • COJOCARU, L., HOFFMAN, S., MILLER, J., 2011. Financial development and economic growth: empirical evidence from the CSS and CIS countreis.
  • DASH, S.P., 2007. Development and poverty in an Indian state: A study of KBK districts of Orissa. Social Change, Vol.37, N°.2, pp.76-98. DOI: 10.1177/004908570703700206 DALY, K.J., AKHTER, S., 2007. Finance and Poverty: evidence From Panel study. Asia Pacific Journal of economics & business, Vol.11.
  • JALILIAN, H., KIRKPATRICK, C.2001. Financial development and poverty reduction in developing countries. Institute for Development Policy and Management, University of Manchester, Manchester.
  • JEANNENEY, S.G., KPODAR, K., 2011. Financial development and poverty reduction: Can there be a benefit without a cost? The Journal of Development Studies 47, 143–163.
  • KAPPEL, V., 2010. The effects of financial development on income inequality and poverty. CER -ETH-Center of Economic Research at ETH Zurich, Working Paper.
  • KAR, M., AĞIR, H., PEKER, O., 2009. Financial development and poverty reduction in Turkey.
  • KPODAR, K., 2004. Le développement financier et la problématique de la pauvreté.
  • MOLNAR, M., 2009. Development and poverty in Romania.
  • ODHIAMBO, N.M., 2009. Finance-growth-poverty nexus in South Africa: A dynamic causality linkage. The Journal of Socio-Economics 38, 320–325. doi:1016/j.socec.2008.12.006
  • ORDÓÑEZ, P., 2012. Financial development and poverty: A panel data analysis. Universidad Icesi School of Management and Economics Research Paper No. http://ssrn.com/abstract=2158045 or http://dx.doi.org/10.2139/ssrn.2158045
  • PEREZ-MORENO, S., 2011. Financial development and poverty in developing countries: a causal analysis. Empirical Economics 41, 57–80. doi:10.1007/s00181-010-0392-5
  • SETH, R., 2009. Financial development and poverty reduction: Linkages and policy options. Working paper series WPS No. 647.
  • TEAM, D.F.S., 2004. The Importance of Financial Sector Development for Growth and Poverty Reduction. Policy Division Working Paper. London: Policy Division, Department for International Development.
  • UDDIN, G.S., KYOPHILAVONG, P., SYDEE, N., 2012. The casual nexus of banking sector development and poverty reduction. International Journal of Economics and Financial Issues 2, 304–311.
  • UDDIN, G.S., SHAHBAZ, M., AROURI, M., TEULON, F., 2014. Financial development and poverty reduction nexus: A cointegration and causality analysis in Bangladesh. Economic Modelling 36, 405–412. doi:10.1016/j.econmod.2013.09.049
  • ZHUANG, J., GUNATILAKE, H., NIIMI, Y., KHAN, M.E., JIANG, Y., HASAN, R., KHOR, N., LAGMAN-MARTIN, A.S., Bracey, P., Huang, B., 2009. Financial sector development, economic growth, and poverty reduction: a literature review. Asian Development Bank.

THE NEXUS AMONG FINANCIAL DEVELOPMENT AND POVERTY REDUCTION: AN APPLICATION OF ARDL APPROACH FROM THE MENA REGION

Yıl 2014, Cilt: 1 Sayı: 2, 133 - 148, 30.10.2014
https://doi.org/10.15637/jlecon.46

Öz

Kaynakça

  • AKHTER, S., DALY, K.J., 2009. Finance and poverty: Evidence from fixed effect vector decomposition. Emerging Markets Review 10, 191–206. doi:1016/j.ememar.2009.02.005
  • AKHTER, S., LIU, Y., DALY, K., 2010. Cross country evidence on the linkages between financial development and poverty. International Journal of Business and Management 5, P3.
  • BECK, T., DEMIRGUC-KUNT, A., LEVINe, R., 2004. Finance, inequality, and poverty: cross-country evidence. National Bureau of Economic Research.
  • BECK, T., DEMIRGÜÇ-KUNt, A., LEVINE, R., 2007. Finance, inequality and the poor. Journal of economic growth 12, 27–49.
  • COJOCARU, L., HOFFMAN, S., MILLER, J., 2011. Financial development and economic growth: empirical evidence from the CSS and CIS countreis.
  • DASH, S.P., 2007. Development and poverty in an Indian state: A study of KBK districts of Orissa. Social Change, Vol.37, N°.2, pp.76-98. DOI: 10.1177/004908570703700206 DALY, K.J., AKHTER, S., 2007. Finance and Poverty: evidence From Panel study. Asia Pacific Journal of economics & business, Vol.11.
  • JALILIAN, H., KIRKPATRICK, C.2001. Financial development and poverty reduction in developing countries. Institute for Development Policy and Management, University of Manchester, Manchester.
  • JEANNENEY, S.G., KPODAR, K., 2011. Financial development and poverty reduction: Can there be a benefit without a cost? The Journal of Development Studies 47, 143–163.
  • KAPPEL, V., 2010. The effects of financial development on income inequality and poverty. CER -ETH-Center of Economic Research at ETH Zurich, Working Paper.
  • KAR, M., AĞIR, H., PEKER, O., 2009. Financial development and poverty reduction in Turkey.
  • KPODAR, K., 2004. Le développement financier et la problématique de la pauvreté.
  • MOLNAR, M., 2009. Development and poverty in Romania.
  • ODHIAMBO, N.M., 2009. Finance-growth-poverty nexus in South Africa: A dynamic causality linkage. The Journal of Socio-Economics 38, 320–325. doi:1016/j.socec.2008.12.006
  • ORDÓÑEZ, P., 2012. Financial development and poverty: A panel data analysis. Universidad Icesi School of Management and Economics Research Paper No. http://ssrn.com/abstract=2158045 or http://dx.doi.org/10.2139/ssrn.2158045
  • PEREZ-MORENO, S., 2011. Financial development and poverty in developing countries: a causal analysis. Empirical Economics 41, 57–80. doi:10.1007/s00181-010-0392-5
  • SETH, R., 2009. Financial development and poverty reduction: Linkages and policy options. Working paper series WPS No. 647.
  • TEAM, D.F.S., 2004. The Importance of Financial Sector Development for Growth and Poverty Reduction. Policy Division Working Paper. London: Policy Division, Department for International Development.
  • UDDIN, G.S., KYOPHILAVONG, P., SYDEE, N., 2012. The casual nexus of banking sector development and poverty reduction. International Journal of Economics and Financial Issues 2, 304–311.
  • UDDIN, G.S., SHAHBAZ, M., AROURI, M., TEULON, F., 2014. Financial development and poverty reduction nexus: A cointegration and causality analysis in Bangladesh. Economic Modelling 36, 405–412. doi:10.1016/j.econmod.2013.09.049
  • ZHUANG, J., GUNATILAKE, H., NIIMI, Y., KHAN, M.E., JIANG, Y., HASAN, R., KHOR, N., LAGMAN-MARTIN, A.S., Bracey, P., Huang, B., 2009. Financial sector development, economic growth, and poverty reduction: a literature review. Asian Development Bank.
Toplam 20 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Makaleler
Yazarlar

Leila Chemlı Bu kişi benim

Yayımlanma Tarihi 30 Ekim 2014
Yayımlandığı Sayı Yıl 2014 Cilt: 1 Sayı: 2

Kaynak Göster

APA Chemlı, L. (2014). THE NEXUS AMONG FINANCIAL DEVELOPMENT AND POVERTY REDUCTION: AN APPLICATION OF ARDL APPROACH FROM THE MENA REGION. Journal of Life Economics, 1(2), 133-148. https://doi.org/10.15637/jlecon.46