The impact of financial depth on poverty in Egypt
Joint Authors
Abd al-Rauf, Isam al-Sayyid
Rabi, Mahmud
Source
[The Journal of Business Research]
Issue
Vol. 43, Issue 4 (31 Oct. 2021), pp.39-67, 29 p.
Publisher
Zagazig University Faculty of Commerce
Publication Date
2021-10-31
Country of Publication
Egypt
No. of Pages
29
Main Subjects
Topics
- Economic growth
- Private sector
- Poverty mitigation
- Standard of living
- Bank deposits
- Bank loans
- Purchasing power
Abstract EN
This study deals with the linkages between financial depth and poverty reduction in Egypt using data for the period of 1990-2015.
The study applied last square method (OLS) to examine impact of financial depth on poverty reduction.
The study depends, in expressing its dependent variable, which is the level of poverty, on two original variables: The poverty gap, and the percentage of the number of actual poor in the population, at the poverty line of $ 1.90 per day, according to 2011 purchasing power parity.
As for the independent target variable we have which is Financial Development, the study will depend on three variables proxy to express On the level of financial development, in order to verify the robustness and reliability of the results, namely; Domestic credit to the private sector (% of GDP), and financial depository bank assets to GDP (% ), in addition to bank credit for bank deposits (% ).
Our results show evidence of cointegration which confirms the presence of long run relationship between financial deepening, economic growth and poverty reduction.
American Psychological Association (APA)
Abd al-Rauf, Isam al-Sayyid& Rabi, Mahmud. 2021. The impact of financial depth on poverty in Egypt. [The Journal of Business Research]،Vol. 43, no. 4, pp.39-67.
https://search.emarefa.net/detail/BIM-1304717
Modern Language Association (MLA)
Abd al-Rauf, Isam al-Sayyid& Rabi, Mahmud. The impact of financial depth on poverty in Egypt. [The Journal of Business Research] Vol. 43, no. 4 (2021), pp.39-67.
https://search.emarefa.net/detail/BIM-1304717
American Medical Association (AMA)
Abd al-Rauf, Isam al-Sayyid& Rabi, Mahmud. The impact of financial depth on poverty in Egypt. [The Journal of Business Research]. 2021. Vol. 43, no. 4, pp.39-67.
https://search.emarefa.net/detail/BIM-1304717
Data Type
Journal Articles
Language
English
Notes
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Record ID
BIM-1304717