Simplice A., Asongu (2011): Financial determinants of human development in developing countries.
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Hitherto financial drivers of human development have been unexplored by the UNDP. This paper assesses determinants of human development from financial dynamics of depth, efficiency, size and activity on data from 38 developing countries. While the importance of financial activity, size and depth (in decreasing order) is significant for inequality adjusted human development, financial allocation efficiency significantly undermines welfare. As a policy implication results do not support financial allocation efficiency as a driver of human development.
|Item Type:||MPRA Paper|
|Original Title:||Financial determinants of human development in developing countries|
|Keywords:||Banking; human development; developing countries; instrumental variables|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O10 - General
I - Health, Education, and Welfare > I0 - General > I00 - General
E - Macroeconomics and Monetary Economics > E0 - General > E00 - General
G - Financial Economics > G2 - Financial Institutions and Services > G20 - General
|Depositing User:||Simplice Anutechia Asongu|
|Date Deposited:||24. Oct 2011 22:53|
|Last Modified:||14. Feb 2013 01:40|
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