Financial Development, Growth and Poverty Reduction: Evidence from Ghana

Ho, Sin-Yu and Njindan Iyke, Bernard (2018): Financial Development, Growth and Poverty Reduction: Evidence from Ghana. Forthcoming in: International Journal of Economic Perspective

Abstract

In this paper, we re-assess the finance-growth-poverty linkage in Ghana during the period 1960–2015. We account for structural changes and omitted variable bias, using a modified multivariate distributed lag framework. We find financial development to cause economic growth, which in turn causes poverty reduction in Ghana. This has useful policy implications.

• Item Type: MPRA Paper
• Language: English
• Keywords: Financial Development; Economic Growth; Poverty Reduction; Ghana.
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy; I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty > I32 - Measurement and Analysis of Poverty

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