On the effects of financial development on poverty: Empirical evidence from the member countries of the Islamic conference

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AZARBAYJANI KARIM; NAJAFI ZAHRA; JAMALI SOMAYEH

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Journal: Journal of Economic Policy Year:2019 | Volume:11 | Issue:21 Page(s): 171-194

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Information Journal Paper

Title

On the effects of financial development on poverty: Empirical evidence from the member countries of the Islamic conference

Author(s)

AZARBAYJANI KARIM | NAJAFI ZAHRA | JAMALI SOMAYEH | Issue Writer Certificate

Keywords

Financial developmentQ2

Islamic conference organizationQ2

Panel dataQ2

PovertyQ2

Abstract

Poverty has always been regarded as one of the most destructive factors that negatively influence the social and economic classes of people in any given country. Obviously, a major goal of economic development is the fair distribution of income and reduction of Poverty. Financial development can pave the way for the achievement of these aims and lower income inequalities directly or indirectly. Given that policy makers are always seeking ways to control Poverty, investigating the relationship between Financial development and Poverty seems to be necessary. Therefore, the present study examines the relationship between the two factors within the time interval from 2003 to 2015 regarding the countries represented in the Islamic conference. According to our results, there is a reverse U relationship between those two factors, and most of the studied countries are on the upward part of the curve (U). The results also indicate that Financial development reduces Poverty more remarkably in high-and average-income countries and in those that are more committed to the rule of law.

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APA: Copy

AZARBAYJANI, KARIM, NAJAFI, ZAHRA, & JAMALI, SOMAYEH. (2019). On the effects of financial development on poverty: Empirical evidence from the member countries of the Islamic conference. BIQUARTERLY JOURNAL OF ECONOMIC RESEARCH, 11(21 ), 171-194. SID. https://sid.ir/paper/383636/en

Vancouver: Copy

AZARBAYJANI KARIM, NAJAFI ZAHRA, JAMALI SOMAYEH. On the effects of financial development on poverty: Empirical evidence from the member countries of the Islamic conference. BIQUARTERLY JOURNAL OF ECONOMIC RESEARCH[Internet]. 2019;11(21 ):171-194. Available from: https://sid.ir/paper/383636/en

IEEE: Copy

KARIM AZARBAYJANI, ZAHRA NAJAFI, and SOMAYEH JAMALI, “On the effects of financial development on poverty: Empirical evidence from the member countries of the Islamic conference,” BIQUARTERLY JOURNAL OF ECONOMIC RESEARCH, vol. 11, no. 21 , pp. 171–194, 2019, [Online]. Available: https://sid.ir/paper/383636/en

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