دور التطور المالي للحد من ظاهرة الفقر في مصر خلال الفترة (1990-2020)‎: دراسة تحليلية قياسية

Abstract EN

The study aimed to examine the relationship between the development of the financial sector and the phenomenon of poverty reduction in Egypt، using time series data for the period (1990-2020).

The (ARDL – Bounds Test) model is used as an entry point for co-integration to verify the direction of the causation relationship in the long term between the study variables.

While Error correction (ECM) is used to test the mechanisms of the relationship in the short term.

The results of the study showed the existence of a long-term equilibrium relationship between the indicators of financial development and the poverty index.

The parameter of the error correction coefficient for each of the general indicators of financial development and the indicators of the development of institutions and financial markets was distinguished by its statistical significance and its negative value.

The results of the study showed that the financial development didn't have a positive role in reducing the phenomenon of poverty during the period (1990-2020)، as financial institutions failed to provide the necessary funding for the poor to increase their productive assets، improve their incomes and protect from economic crises، due to some difficulties.

The study showed that the increase in economic growth rates was not accompanied by a decrease in the poverty index in Egypt، because the increase in economic growth rates was not accompanied by a fair distribution of national income.

Moreover, the study showed the negative impact of the increase in inflation rates، during the years of study on the poverty index.