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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/914

タイトル: How has financial deepening affected poverty reduction in India? : empirical analysis using state-level panel data
著者: Inoue, Takeshi
Hamori, Shigeyuki
井上, 武
羽森, 茂之
キーワード: India
Finance
Poverty
Poverty Reduction
GMM
Financial Deepening
Issue Date: Aug-2010
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 249. 2010.8
抄録: This paper examines empirically whether financial deepening has contributed to poverty reduction in India. Using unbalanced panel data for 28 states and union territories between 1973 and 2004, we estimate models in which the poverty ratio is explained by financial deepening, controlling for international openness, inflation rate, and economic growth. From the dynamic generalised method of moments (GMM) estimation, we find that financial deepening and economic growth alleviate poverty, while international openness and the inflation rate have the opposite effect. These results are robust to changes in the poverty ratios in rural areas, urban areas, and the whole economy.
URI: http://hdl.handle.net/2344/914
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/南アジア(South Asian Studies)

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