Does Financial Structure Matter for Poverty? Evidence from Developing Countries

Kpodar, Kangni; Singh, Raju Jan

dc.creator	Kpodar, Kangni
dc.creator	Singh, Raju Jan
dc.date	2012-03-19T18:06:49Z
dc.date	2012-03-19T18:06:49Z
dc.date	2011-12-01
dc.date.accessioned	2023-02-17T21:01:39Z
dc.date.available	2023-02-17T21:01:39Z
dc.identifier	http://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	http://hdl.handle.net/10986/3685
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244649
dc.description	Although 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.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5915
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO CREDIT
dc.subject	ACCESS TO EDUCATION
dc.subject	ACCESS TO FINANCE
dc.subject	ACCESS TO MARKETS
dc.subject	ACCESS TO SERVICES
dc.subject	ACCOUNTING
dc.subject	ADVANCED COUNTRIES
dc.subject	ADVERSE SELECTION
dc.subject	AGRICULTURAL SECTOR
dc.subject	AMOUNT OF COLLATERAL
dc.subject	BAD BANKS
dc.subject	BANK ASSETS
dc.subject	BANK BRANCH
dc.subject	BANK BRANCHES
dc.subject	BANK CREDIT
dc.subject	BANK LOANS
dc.subject	BANK POLICY
dc.subject	BANKING CONCENTRATION
dc.subject	BANKING SECTOR
dc.subject	BANKING SECTOR DEVELOPMENT
dc.subject	BANKING SECTOR EFFICIENCY
dc.subject	BANKING SYSTEM
dc.subject	BANKING SYSTEMS
dc.subject	BASIC NEEDS
dc.subject	BOND
dc.subject	BORROWING
dc.subject	CAPITAL ALLOCATION
dc.subject	CAPITALIZATION
dc.subject	CENTRAL BANKS
dc.subject	CHILD LABOR
dc.subject	CLEAN WATER
dc.subject	COLLATERAL
dc.subject	COMMERCIAL BANK
dc.subject	COMMERCIAL BANK ASSETS
dc.subject	COMMERCIAL BANKS
dc.subject	CONSUMER PRICE INDEX
dc.subject	CONTRACT ENFORCEMENT
dc.subject	CORPORATE FINANCE
dc.subject	COUNTRY COMPARISONS
dc.subject	COUNTRY RISK
dc.subject	CREDIT CONSTRAINTS
dc.subject	CREDIT GROWTH
dc.subject	CREDIT MARKET
dc.subject	CREDIT MARKETS
dc.subject	CREDIT RATIONING
dc.subject	CREDITOR
dc.subject	CREDITOR RIGHTS
dc.subject	CURRENCY
dc.subject	DEBT
dc.subject	DEFAULTS
dc.subject	DEPOSIT
dc.subject	DEPOSIT INSURANCE
dc.subject	DEPOSIT MONEY BANKS
dc.subject	DEPOSITS
dc.subject	DEREGULATION
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPING ECONOMIES
dc.subject	DEVELOPMENT BANKING
dc.subject	DEVELOPMENT ECONOMICS
dc.subject	DEVELOPMENT POLICY
dc.subject	DISCRIMINATION
dc.subject	DISTRIBUTION OF INCOME
dc.subject	DOMESTIC EQUITIES
dc.subject	DOMESTIC EXCHANGES
dc.subject	DURABLE
dc.subject	DURABLE ASSETS
dc.subject	EARNINGS
dc.subject	ECONOMETRICS
dc.subject	ECONOMIC ACTIVITY
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC OPPORTUNITIES
dc.subject	ECONOMIC PERFORMANCE
dc.subject	ECONOMIC RESEARCH
dc.subject	ECONOMIC THEORY
dc.subject	EDUCATION LEVEL
dc.subject	EMPLOYMENT
dc.subject	ENROLMENT RATE
dc.subject	ENTREPRENEUR
dc.subject	ENTREPRENEURS
dc.subject	EQUITY MARKETS
dc.subject	EXPECTED RETURN
dc.subject	EXPORTS
dc.subject	FINANCIAL DEEPENING
dc.subject	FINANCIAL DEPTH
dc.subject	FINANCIAL DEVELOPMENT
dc.subject	FINANCIAL INSTITUTION
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL INSTRUMENTS
dc.subject	FINANCIAL INTERMEDIARIES
dc.subject	FINANCIAL INTERMEDIARY
dc.subject	FINANCIAL INTERMEDIATION
dc.subject	FINANCIAL LIBERALIZATION
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL SECTOR DEVELOPMENT
dc.subject	FINANCIAL SECTOR REFORMS
dc.subject	FINANCIAL SERVICES
dc.subject	FINANCIAL STRUCTURE
dc.subject	FINANCIAL STUDIES
dc.subject	FINANCIAL SYSTEM
dc.subject	FINANCIAL SYSTEMS
dc.subject	FIXED COST
dc.subject	FORMAL FINANCIAL INSTITUTIONS
dc.subject	FORMAL FINANCIAL SECTOR
dc.subject	FUTURE EARNINGS
dc.subject	GDP
dc.subject	GDP PER CAPITA
dc.subject	GINI COEFFICIENT
dc.subject	GOVERNMENT EXPENDITURES
dc.subject	GREATER ACCESS
dc.subject	GROWTH MODELS
dc.subject	HEALTH SERVICES
dc.subject	HIGH INTEREST RATES
dc.subject	HOUSEHOLD INCOME
dc.subject	HOUSEHOLDS
dc.subject	HOUSING
dc.subject	HUMAN CAPITAL
dc.subject	HUMAN DEVELOPMENT
dc.subject	INCOME DISTRIBUTION
dc.subject	INCOME INEQUALITIES
dc.subject	INCOME INEQUALITY
dc.subject	INCOME LEVELS
dc.subject	INCOME VARIABILITY
dc.subject	INCOMES
dc.subject	INDIVIDUAL INVESTORS
dc.subject	INEFFICIENCY
dc.subject	INFLATION
dc.subject	INFLATION RATE
dc.subject	INFLATION RATES
dc.subject	INFORMATION ASYMMETRIES
dc.subject	INFORMATION ASYMMETRY
dc.subject	INFORMATION ON BORROWERS
dc.subject	INFORMATION SHARING
dc.subject	INFRASTRUCTURE DEVELOPMENT
dc.subject	INSTITUTIONAL DEVELOPMENT
dc.subject	INSTITUTIONAL ENVIRONMENT
dc.subject	INSTITUTIONAL REFORMS
dc.subject	INSTRUMENT
dc.subject	INTEREST RATE
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL FINANCIAL STATISTICS
dc.subject	JOB CREATION
dc.subject	JOB OPPORTUNITIES
dc.subject	LABOR MARKETS
dc.subject	LACK OF ACCESS
dc.subject	LEGAL RIGHTS
dc.subject	LEGAL SYSTEM
dc.subject	LEGAL SYSTEMS
dc.subject	LENDER
dc.subject	LENDERS
dc.subject	LIQUIDITY
dc.subject	LOAN
dc.subject	LOAN-TO-DEPOSIT RATIO
dc.subject	LORENZ CURVE
dc.subject	M2
dc.subject	M3
dc.subject	MACROECONOMIC ENVIRONMENT
dc.subject	MACROECONOMIC VARIABLES
dc.subject	MACROECONOMICS
dc.subject	MARKET CONSTRAINTS
dc.subject	MARKET EFFICIENCY
dc.subject	MARKET LIQUIDITY
dc.subject	MARKET VALUE
dc.subject	MICRO DATA
dc.subject	MICROFINANCE
dc.subject	MIDDLE-INCOME COUNTRIES
dc.subject	MONETARY FUND
dc.subject	NET INTEREST MARGIN
dc.subject	OVERHEAD COST
dc.subject	OVERHEAD COSTS
dc.subject	PER CAPITA INCOME
dc.subject	POLITICAL ECONOMY
dc.subject	POOL OF BORROWERS
dc.subject	POVERTY ALLEVIATION
dc.subject	PRICE STABILITY
dc.subject	PRIVATE CREDIT
dc.subject	PRIVATE PROPERTY
dc.subject	PRIVATE SECTOR CREDIT
dc.subject	PROBABILITY OF REPAYMENT
dc.subject	PROFITABILITY
dc.subject	PROPERTY RIGHT
dc.subject	PROPERTY RIGHTS
dc.subject	PRUDENTIAL REQUIREMENTS
dc.subject	REMITTANCES
dc.subject	RESOURCE ALLOCATION
dc.subject	RETURN
dc.subject	RISK DIVERSIFICATION
dc.subject	RISK SHARING
dc.subject	RULE OF LAW
dc.subject	RURAL BANK
dc.subject	RURAL BANK BRANCHES
dc.subject	RURAL BANKS
dc.subject	SAVINGS
dc.subject	SHAREHOLDER
dc.subject	SHAREHOLDER PROTECTION
dc.subject	SKILLED WORKERS
dc.subject	SMALL ENTERPRISES
dc.subject	SOCIAL BANKING
dc.subject	STOCK MARKET
dc.subject	STOCK MARKET CAPITALIZATION
dc.subject	STOCK MARKET DEVELOPMENT
dc.subject	STOCK MARKET DEVELOPMENTS
dc.subject	STOCK MARKETS
dc.subject	TRADE LIBERALIZATION
dc.subject	TRANSACTION
dc.subject	TRANSACTION COSTS
dc.subject	TRANSPARENCY
dc.subject	TURNOVER
dc.subject	VILLAGES
dc.subject	WAGE RATES
dc.subject	WAGES
dc.subject	WEALTH
dc.subject	WORLD DEVELOPMENT INDICATORS
dc.title	Does Financial Structure Matter for Poverty? Evidence from Developing Countries
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	The World Region
dc.coverage	The World Region