A Comparative Study on the Impact of Financial Development on Poverty in Different Countries

DOI

10.2991/aebmr.k.220405.151How to use a DOI?

Keywords

financial development; poverty; developed countries; developing countries; fixed effect model

Abstract

In recent years, in order to improve the current situation of global poverty, developed and developing countries have successively implemented financial poverty reduction policies, and the study of poverty from the perspective of financial development has attracted more and more attention. This paper aims to compare the similarities and differences of the impact of financial development level on poverty between developed and developing countries through empirical analysis. After combing the research literature on the impact of financial development on poverty at home and abroad, this paper uses the fixed effect model for regression analysis based on the panel data of five developing countries including China, Russia, Turkey, Indonesia and Thailand and five developed countries including Switzerland, Germany, Spain, France and Italy from 2005 to 2019. The results show that, on the whole, the improvement of financial development level in both developed and developing countries is conducive to poverty alleviation, and the marginal effect of financial development in developing countries is more significant. Finally, by comparing the empirical analysis conclusions of developed and developing countries, this paper puts forward policy suggestions according to China’s national conditions.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Xinyu He
AU  - Haiyan Yang
AU  - Xiaoyu Li
PY  - 2022
DA  - 2022/04/29
TI  - A Comparative Study on the Impact of Financial Development on Poverty in Different Countries
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 895
EP  - 899
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.151
DO  - 10.2991/aebmr.k.220405.151
ID  - He2022
ER  -