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246304

Multi – Dimensional Analysis for Financial Development

Article

Last updated: 04 Jan 2025

Subjects

-

Tags

الاقتصاد والمالية العامة

Abstract

The main objective of this paper is to examine the impact of four dimensions of financial development access, depth, efficiency and stability on poverty, inequality and growth triangle simultaneously in the 7 developing countries, according to availability of data, over the period 2004 - 2019. study includes 8 variables from Global Financial Development Database (GFDD), each dimension is measured by two variables, one related to banking sector and the other one for financial market, in addition to other variables that used as determinants for poverty, inequality and growth. For an empirical study, we used simultaneous equation analysis through applying 3SLS. Results reveal that the importance of depth dimension, specially banking sector, for ameliorating poverty and inequality. Whereas indicators of financial stability were the most effective dimension in enhancing economic growth and reducing poverty in study sample, followed by indicators of financial efficiency, compared to the other dimensions of financial development

DOI

10.21608/caf.2022.246304

Keywords

Financial development, Growth, poverty, Inequality, simultaneous equation

Authors

First Name

nahla

Last Name

salem

MiddleName

-

Affiliation

Multi – Dimensional Analysis for Financial Development

Email

nahlasalem2006@gmail.com

City

Belbeis

Orcid

-

Volume

42

Article Issue

2

Related Issue

34860

Issue Date

2022-06-01

Receive Date

2021-09-27

Publish Date

2022-06-01

Page Start

65

Page End

88

Print ISSN

1110-4716

Online ISSN

2682-4825

Link

https://caf.journals.ekb.eg/article_246304.html

Detail API

https://caf.journals.ekb.eg/service?article_code=246304

Order

13

Publication Type

Journal

Publication Title

التجارة والتمويل

Publication Link

https://caf.journals.ekb.eg/

MainTitle

Multi – Dimensional Analysis for Financial Development

Details

Type

Article

Created At

22 Jan 2023