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Book Cover
E-book
Author Singh, Raju, author.

Title Financial deepening, property rights and poverty : evidence from sub-Saharan Africa / Raju Jan Singh and Yifei Huang
Published [Washington, D.C.] : International Monetary Fund, ©2011

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Description 1 online resource (32 pages)
Series IMF working paper ; WP/11/196
IMF working paper ; WP/11/196.
Contents Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Theoretical Background and Review of the Literature; III. Empirical Analysis; A. Data; 1. Descriptive Statistics, 1992-06; 2. Correlation Matrix; B. Methodology and Main Results; 3. Dependent Variable, Headcount Index; 4. Dependent Variable, Poverty Gap; 5. Dependent Variable, Gini Coefficient; 6. Dependent Variable, Income of the Poorest Quintile; IV. Summary and Conclusions; I. Robustness Tests; 1. Low-Income Countries -- Dependent Variable, Headcount Index; 2. Low-Income Countries -- Dependent Variable, Poverty Gap
3. Low-Income Countries -- Dependent Variable, Gini Coefficient4. Low-Income Countries -- Dependent Variable, Income of the Poorest; 5. Excluding Outliers -- Dependent Variable, Headcount Index; 6. Excluding Outliers -- Dependent Variable, Poverty Gap; 7. Excluding Outliers -- Dependent Variable, Gini Coefficient; 8. Excluding Outliers -- Dependent Variable, Income of the Poorest; II. Variable Definitions and Data Sources; References; Footnotes
Summary Recent studies on the relationship between financial development and poverty have been inconclusive. Some claim that, by allowing more entrepreneurs to obtain financing, financial development improves the allocation of capital, which has a particularly large impact on the poor. Others argue that it is primarily the rich and politically connected who benefit from improvements in the financial system. This paper looks at a sample of 37 countries in sub-Saharan Africa from 1992 through 2006. Its results suggest that financial deepening could narrow income inequality and reduce poverty, and that stronger property rights reinforce these effects. Interest rate and lending liberalization alone could, however, be detrimental to the poor if not accompanied by institutional reforms, in particular stronger property rights and wider access to creditor information
Notes At head of title: African Department
Title from PDF title page (IMF Web site, viewed December 9, 2011)
"August 2011."
Bibliography Includes bibliographical references
Notes English
Subject Economic development -- Africa, Sub-Saharan
Poverty -- Africa, Sub-Saharan -- Prevention
Income distribution -- Africa, Sub-Saharan
Right of property -- Africa, Sub-Saharan
Economic development
Income distribution
Poverty -- Prevention
Right of property
Sub-Saharan Africa
Form Electronic book
Author Huang, Yifei, author.
International Monetary Fund. African Department, issuing body.
ISBN 1283559986
9781283559980
9781463901479
146390147X
1463900430
9781463900434
9786613872432
6613872431
1463901461
9781463901462