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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

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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.

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