The Impact of Financial Crises on the Poor

被引：22

作者：

Rewilak, Johan ^{[1
]}

机构：

[1] Aston Univ, Aston Business Sch, Birmingham B4 7ET, W Midlands, England

来源：

JOURNAL OF INTERNATIONAL DEVELOPMENT | 2018年 / 30卷 / 01期

关键词：

financial development; financial crises; poverty reduction;

D O I：

10.1002/jid.3334

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

Financial crises have detrimental impacts on the economy via depressed economic growth and rising unemployment, however, their impact on the poorest in society is relatively under-researched. This paper investigates the impact of three different types of financial crises on the income of the poor. Using a variety of estimation techniques and controlling for a lagged dependent variable, the results suggest that currency crises are the most harmful to the poor, followed by banking crises. Debt crises only have a statistically significant effect on the income of the poor in richer countries. (c) 2017 The Authors Journal of International Development Published by John Wiley & Sons Ltd.

引用

页码：3 / 19

页数：17

共 19 条

[1]

Akhter S., Daly K., Finance and poverty: evidence from fixed effect vector decomposition, Emerging Markets Review, 10, pp. 191-206, (2009)

[2]

Ang J., Finance and inequality: the case of India, Southern Economic Journal, 76, pp. 738-761, (2010)

[3]

Baldacci C., de Mello L., Inchauste G., Financial crisis, poverty and income distribution, (2002)

[4]

Baltagi B., Econometric Analysis of Panel Data, (2008)

[5]

Beck T., Demirguc-Kunt A., Levine R., Finance, inequality, and poverty: cross-country evidence, Journal of Economic Growth, 12, pp. 21-47, (2007)

[6]

Blundell R., Bond S., Initial conditions and moment restrictions in dynamic panel data models, Journal of Econometrics, 87, pp. 115-143, (1998)

[7]

Burgess R., Pande R., Do rural banks matter? Evidence from the Indian social banking experiment, American Economic Review, 95, pp. 780-795, (2005)

[8]

Chen S., Ravallion M., The impact of the global financial crisis on the world's poorest, (2009)

[9]

Demetriades P., Rousseau P., Rewilak J., Finance, growth and fragility, (2017)

[10]

Dollar D., Kraay A., Growth is good for the poor, Journal of Economic Growth, 7, pp. 195-225, (2002)

← 1 2 →