THE EFFECT OF FINANCIAL DEVELOPMENT ON POVERTY IN SELECTED DEVELOPING COUNTRIES

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AZARIKEYAN HOSSAIN; DIZAJI MONIREH

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Journal: IRANIAN JOURNAL OF APPLIED ECONOMICS Year:2016 | Volume:6 | Issue:- Page(s): 55-66

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Title

THE EFFECT OF FINANCIAL DEVELOPMENT ON POVERTY IN SELECTED DEVELOPING COUNTRIES

Author(s)

AZARIKEYAN HOSSAIN | DIZAJI MONIREH | Issue Writer Certificate

Keywords

FINANCIAL DEVELOPMENTQ2

POVERTYQ2

COST OF LIVINGQ1

PANEL DATAQ2

Abstract

Poverty is an issue that has been raised since many years away and despite of the world countries’ economic growth and implementation of various combating policies to POVERTY, it is still one of the most important goals for world countries’ economic policy makers. In this regard, the financial sector because of its relationship with other different society’s sectors, plays an important role and via some ways, such as facilitating exchange, credit, risk reduction and provision of other financial services, can change POVERTY. Hence, the present study examined the relationship between FINANCIAL DEVELOPMENT and POVERTY in 26 selected developing countries of the world, using PANEL DATA model, in the period from 2003 to 2012. Results indicate that there is a negative relationship between FINANCIAL DEVELOPMENT and POVERTY; as society’s POVERTY is reduced by increasing FINANCIAL DEVELOPMENT. Also, per capita GDP and the literacy index is inversely related to the POVERTY index and the COST OF LIVING index has positive relationship with the POVERTY index.

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APA: Copy

AZARIKEYAN, HOSSAIN, & DIZAJI, MONIREH. (2016). THE EFFECT OF FINANCIAL DEVELOPMENT ON POVERTY IN SELECTED DEVELOPING COUNTRIES. IRANIAN JOURNAL OF APPLIED ECONOMICS, 6(-), 55-66. SID. https://sid.ir/paper/202041/en

Vancouver: Copy

AZARIKEYAN HOSSAIN, DIZAJI MONIREH. THE EFFECT OF FINANCIAL DEVELOPMENT ON POVERTY IN SELECTED DEVELOPING COUNTRIES. IRANIAN JOURNAL OF APPLIED ECONOMICS[Internet]. 2016;6(-):55-66. Available from: https://sid.ir/paper/202041/en

IEEE: Copy

HOSSAIN AZARIKEYAN, and MONIREH DIZAJI, “THE EFFECT OF FINANCIAL DEVELOPMENT ON POVERTY IN SELECTED DEVELOPING COUNTRIES,” IRANIAN JOURNAL OF APPLIED ECONOMICS, vol. 6, no. -, pp. 55–66, 2016, [Online]. Available: https://sid.ir/paper/202041/en

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