2015
DOI: 10.2139/ssrn.2713088
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Inequality, Finance and Pro-Poor Investment in Africa

Abstract: This study complements existing literature by investigating how investment-driven finance affects inequality in Africa. The empirical evidence is based on restricted and unrestricted Two-

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citations
Cited by 22 publications
(25 citation statements)
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References 111 publications
(102 reference statements)
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“…Private domestic credit may not benefit a substantial bulk of the population if poor households in the informal sectors of the economy do not have bank accounts. This is consistent with the narrative that only 23 percent of citizens in developing countries living on less the 2US$ a day possess bank accounts(Asongu & Tchamyou, 2015). The negative effect of remittances may be traceable to the portion of remittances that is not invested in inclusive development activities.…”
supporting
confidence: 88%
See 1 more Smart Citation
“…Private domestic credit may not benefit a substantial bulk of the population if poor households in the informal sectors of the economy do not have bank accounts. This is consistent with the narrative that only 23 percent of citizens in developing countries living on less the 2US$ a day possess bank accounts(Asongu & Tchamyou, 2015). The negative effect of remittances may be traceable to the portion of remittances that is not invested in inclusive development activities.…”
supporting
confidence: 88%
“…and (iii) FDI has been recently established to increase inequality in Africa (Asongu & Tchamyou, 2015).…”
Section: Datamentioning
confidence: 99%
“…The connection between financial development and inequality has been widely explored in the financial development literature (see Asongu & Tchamyou, 2014;Batuo et al, 2010;Beck et al 2007). There is a debate in the literature on the benefits of financial development in reducing inequality.…”
Section: Background and Theoretical Highlightsmentioning
confidence: 99%
“…remittances) and the domestic informal financial sector for funding opportunities (Beck, Demirgüç-Kunt & Levine, 2007;Tchamyou, 2019a). There is another reconciling strand of literature which merges the contending strands by advocating that the nexus between financial development and economic output can be non-monotic or non-linear in the perspective that the relationship can be negative or positive from one stage of the economic development process to another (Greenwood & Jovanovic, 1990;Asongu & Tchamyou, 2014). This non-linear element is taken on board in this study because the estimation exercise involves interactive regressions.…”
Section: Theoretical Underpinningsmentioning
confidence: 99%