Financial Sector Development and Poverty Reduction

Dr.Hafiz Ghufran Ali Khan; Arif Ahmad

Financial Sector Development and Poverty Reduction

Dr.Hafiz Ghufran Ali Khan * §

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Arif Ahmad

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Dr Awais e Siraj

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International Islamic University Islamabad

Financial Sector Development and Poverty Reduction

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Abstract

Abstracts -Financial sector development is an effective instrument that can bring reduction in poverty. Financial sector can be developed by four different ways, by improving efficiency of the financial sector, by increasing range of financial sector, by improving regulation of the financial sector and by increased accesses of more of the population to the financial services.For estimating effect of financial sector development on poverty we divided financial sector into four sectors, Banking sector, Insurance companies, Stock market and Bond market. Gini= f (Banking sector, Insurance companies, Stock market and Bond market) For banking sector, we used variables, central bank assets to GDP, deposits money banks assets to GDP, bank deposits, concentration, overhead costs and net interest rate. For insurance company we used variable non life insurance, to capture the effect of stock market variable stock market turnover ratio used.For bond market both market capitalization to GDP and public bond market capitalization to GDP are used.This study attempts to make analysis of the relationship between financial sector development and poverty for different countries. Growth depends on financial sector development and poverty depends on growth, here the negative relation of poverty and financial sector development tested.

References

3 Cites in Article

Reference Format

Asli Demirguc,- Kunt,Ross Levine Band -Based and Market -Based Financial System : Cross -Country Comparison.
Valerie Bencivenga,Bruce Smith (1991). Financial Intermediation and Endogenous Growth.
Collin Kirkpatrick (2000). Financial Development, Economic Growth, and Poverty Reduction (The Mahbub ul Haq Memorial Lecture).

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Dr.Hafiz Khan, Dr.Hafiz Khan, Arif Ahmad. 1970. "Financial Sector Development and Poverty Reduction". Global Journal of Management and Business Research, Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 11 (GJMBR Volume 11 Issue B5).

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GJMBR Volume 11 Issue B5

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-B Classification JEL Code: I32

I38

Submission ReceivedFebruary 17, 2011
Peer Review Double Blind
Handling Editor
Accepted March 14, 2011
Published March 25, 2011

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v1.2

Language

English

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Article Matrices

Total Score: 156

Country: Pakistan

Subject: Global Journal of Management and Business Research

Authors: Dr.Hafiz Ghufran Ali Khan, Abdul Zahid Khan, Arif Ahmad, Dr awais e Siraj (PhD/Dr. count: 1)

View Count (all-time): 250

Total Views (Real + Logic): 8664

Total Downloads (simulated): 655

Publish Date: 2011 03, Fri

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Total Views: 8.7K

Total Downloads: 655

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