Financial development and poverty alleviation in Muslim developing countries / Maizura Md Isa, Nor Hazila Ismail and Mohamed Eskandar Shah Mohd Rasid
The positive impact of financial development on economic growth has been widely discussed, but the literature on the impact of financial development on poverty is inconclusive. Theoretical predictions advocate that financial development contributes directly to poverty reduction in three ways. Firstl...
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| Format: | Article |
| Language: | en |
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UiTM Cawangan Johor
2018
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| Online Access: | https://ir.uitm.edu.my/id/eprint/41331/1/41331.pdf https://ir.uitm.edu.my/id/eprint/41331/ https://insightjournal.my/ |
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| _version_ | 1833066660582391808 |
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| author | Md Isa, Maizura Ismail, Nor Hazila Mohd Rasid, Mohamed Eskandar Shah |
| author_facet | Md Isa, Maizura Ismail, Nor Hazila Mohd Rasid, Mohamed Eskandar Shah |
| author_sort | Md Isa, Maizura |
| building | Tun Abdul Razak Library |
| collection | Institutional Repository |
| content_provider | Universiti Teknologi Mara |
| content_source | UiTM Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | The positive impact of financial development on economic growth has been widely discussed, but the literature on the impact of financial development on poverty is inconclusive. Theoretical predictions advocate that financial development contributes directly to poverty reduction in three ways. Firstly, it alleviates poverty in a direct way via saving, insurance service and access to credit that can enhance the productivity of the poor. Secondly, financial development would enable the poor to access financial services, and enhance the productive assets of the poor, by improving productivity and increasing the potential to achieve sustainable gains. Lastly, the direct relationship between financial development and poverty reduction depends on the quality of financial instruments, services and institutions available to the poor. Varied explanatory discover on panel studies that suggest although financial development can foster economic growth, yet this does not could help in lighten the poorer people in Muslim developing countries. |
| format | Article |
| id | my.uitm.ir-41331 |
| institution | Universiti Teknologi Mara |
| language | en |
| publishDate | 2018 |
| publisher | UiTM Cawangan Johor |
| record_format | eprints |
| spelling | my.uitm.ir-413312021-02-04T10:20:20Z https://ir.uitm.edu.my/id/eprint/41331/ Financial development and poverty alleviation in Muslim developing countries / Maizura Md Isa, Nor Hazila Ismail and Mohamed Eskandar Shah Mohd Rasid iij Md Isa, Maizura Ismail, Nor Hazila Mohd Rasid, Mohamed Eskandar Shah Poor. Poverty Economic development. Development economics. Economic growth The positive impact of financial development on economic growth has been widely discussed, but the literature on the impact of financial development on poverty is inconclusive. Theoretical predictions advocate that financial development contributes directly to poverty reduction in three ways. Firstly, it alleviates poverty in a direct way via saving, insurance service and access to credit that can enhance the productivity of the poor. Secondly, financial development would enable the poor to access financial services, and enhance the productive assets of the poor, by improving productivity and increasing the potential to achieve sustainable gains. Lastly, the direct relationship between financial development and poverty reduction depends on the quality of financial instruments, services and institutions available to the poor. Varied explanatory discover on panel studies that suggest although financial development can foster economic growth, yet this does not could help in lighten the poorer people in Muslim developing countries. UiTM Cawangan Johor 2018 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/41331/1/41331.pdf Financial development and poverty alleviation in Muslim developing countries / Maizura Md Isa, Nor Hazila Ismail and Mohamed Eskandar Shah Mohd Rasid. (2018) Insight Journal (IJ) <https://ir.uitm.edu.my/view/publication/Insight_Journal_=28IJ=29/>, 2. pp. 98-108. ISSN 2600-8564 https://insightjournal.my/ |
| spellingShingle | Poor. Poverty Economic development. Development economics. Economic growth Md Isa, Maizura Ismail, Nor Hazila Mohd Rasid, Mohamed Eskandar Shah Financial development and poverty alleviation in Muslim developing countries / Maizura Md Isa, Nor Hazila Ismail and Mohamed Eskandar Shah Mohd Rasid |
| title | Financial development and poverty alleviation in Muslim
developing countries / Maizura Md Isa, Nor Hazila Ismail and Mohamed Eskandar Shah Mohd Rasid |
| title_full | Financial development and poverty alleviation in Muslim
developing countries / Maizura Md Isa, Nor Hazila Ismail and Mohamed Eskandar Shah Mohd Rasid |
| title_fullStr | Financial development and poverty alleviation in Muslim
developing countries / Maizura Md Isa, Nor Hazila Ismail and Mohamed Eskandar Shah Mohd Rasid |
| title_full_unstemmed | Financial development and poverty alleviation in Muslim
developing countries / Maizura Md Isa, Nor Hazila Ismail and Mohamed Eskandar Shah Mohd Rasid |
| title_short | Financial development and poverty alleviation in Muslim
developing countries / Maizura Md Isa, Nor Hazila Ismail and Mohamed Eskandar Shah Mohd Rasid |
| title_sort | financial development and poverty alleviation in muslim
developing countries / maizura md isa, nor hazila ismail and mohamed eskandar shah mohd rasid |
| topic | Poor. Poverty Economic development. Development economics. Economic growth |
| url | https://ir.uitm.edu.my/id/eprint/41331/1/41331.pdf https://ir.uitm.edu.my/id/eprint/41331/ https://insightjournal.my/ |
| url_provider | http://ir.uitm.edu.my/ |