Financial development, poverty and rural-urban income inequality: evidence from South Asian countries

Sehrawat, Madhu; Giri, Arun Kumar

doi:10.1007/s11135-015-0164-6

Cited by 69 publications

(38 citation statements)

References 53 publications

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“…Higher deposits with the intermediaries means channelling of surplus funds to the deficit units of the economy hence, transforming deposits into loans and other advances (Naira, 2016). The results are in line with the earlier studies of Bhanumurty and Singh (2013) and Sehrawat and Giri (2015) which suggest a bidirectional causality and emphasis that economic growth has a critical role in financial development and that financial development leads to further development of economic growth of an economy. From the results of this relation it can be inferred that policy makers should emphasis on the measures which enhance the economic growth but they also focus on the development of banking system by considering the long term perspective of the mutual causality between the two which will ultimately benefit the economy as a whole.…”

Section: Panel Vector Error Correction Model (Vecm)supporting

confidence: 91%

Dynamics of Financial Development and Economic Growth: Panel Data Analysis for Selected Indian States

Sharma

Kumar

2018

DEM

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With the help of standard refined panel analysis techniques the present study analysed the dynamics of causal relationship between financial development and economic growth for selected Indian states. Mainly focusing on banking level indicators the present attempt measured the extent of financial development in the selected Indian states. Three major econometric techniques including panel unit root tests, cointegration tests and finally the panel error correction model have been implemented for identifying the relationship between variables. Firstly, the series was tested for cross-sectional independence and then checked for the presence of unit roots. The results of both first and second generation unit root indicated an integration of order one for all the variables and a long-run relationship between financial development and respective economic growth indicators was confirmed by the Pedorni's and Westerlund's cointegration tests. The results of the present study emphasized on the critical role of credit provided by banks in the process of long run economic growth across states. Apart from this the results of the study highlighted a very relevant fact that the Indian economy has a lot of scope in harvesting the less financially developed areas of the states which can run rapidly on the greeny path of dynamic and sharp long term sustainable economic growth.

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Section: Panel Vector Error Correction Model (Vecm)supporting

confidence: 91%

Dynamics of Financial Development and Economic Growth: Panel Data Analysis for Selected Indian States

Sharma

Kumar

2018

DEM

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“…Financial globalization and the widespread consensus on the positive interplay between growth and development of the financial sector incited scholars to research the influence that improvements within the financial sector have on inequality and poverty. Positions in academic literature have generally suggested that improvements in the financial sector contribute to poverty alleviation (Beck et al, 2004;Jalilian and Kirkpatrick, 2005;Perez-Moreno, 2011;Sehrawat and Giri, 2016). However, the findings on finance-inequality have remained inconclusive.…”

Section: Review Of Empirical Literaturementioning

confidence: 99%

Trade Openness, Inequality and Poverty in Latin American Countries

Bayar¹,

Sart²

2017

ECO

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Abstract. Globalization has quickened, especially during the past three decades, due to technological, institutional, legal and political developments in the world. During this process, many countries reduced or removed the barriers on the cross-country flows of goods, services and capital, and the global trade volume increased substantially. Therefore, openness-oriented policies have led many social and economic implications for the national economies. In this regard, this study investigates the interaction among trade openness, poverty alleviation and inequality in 11 Latin American countries by employing a panel data analysis. We revealed that trade openness and financial development affected inequality and poverty negatively in the long term, while inequality affected poverty positively.

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“…Some studies have found positive effects from microfinance on various socioeconomic outcomes: job creation, rural financial inclusion, education, nutrition, disaster resilience, and health improvements (Wydick 2002;Tedeschi 2010;Garikipati 2012;Deloach and Lamanna 2011;Sinha 2012;Othman 2015;Samer et al 2015;Hassan and Saleem 2017;Garikipati et al 2017). Beneficial effects from microfinance have been documented in developing Asia, notably in Bangladesh, Pakistan, and Thailand (Kaboski and Townsend 2012;Sengsourivong and Mieno 2014;Rahman and Khan 2013;Rahman, Khanan, and Nghiem 2017;Imtiaz et al 2014;Sehrawat and Giri 2016).…”

Section: Microfinance To Address Socioeconomic Challengesmentioning

confidence: 99%

Asian Development Outlook 2021: Financing a Green and Inclusive Recovery

2021

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Financial development, poverty and rural-urban income inequality: evidence from South Asian countries

Cited by 69 publications

References 53 publications

Dynamics of Financial Development and Economic Growth: Panel Data Analysis for Selected Indian States

Dynamics of Financial Development and Economic Growth: Panel Data Analysis for Selected Indian States

Trade Openness, Inequality and Poverty in Latin American Countries

Asian Development Outlook 2021: Financing a Green and Inclusive Recovery

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