Volume 13, Issue 1 (2013)
QJER 2013, 13(1): 65-89 |
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Delangizan S, Sanjari F. Poverty and Financial Development in the Iranian Economy (1973-2007). QJER 2013; 13 (1) :65-89
URL: http://ecor.modares.ac.ir/article-18-387-en.html
URL: http://ecor.modares.ac.ir/article-18-387-en.html
1- Ph.D. Assistant Professor of Economics, Department of Economics, Razi University, Kermanshah
2- M.A. in Economics, Faculty of Economics, University of Sistan & Baluchestan, Zahedan, Iran
2- M.A. in Economics, Faculty of Economics, University of Sistan & Baluchestan, Zahedan, Iran
Abstract: (8732 Views)
This study examines the relationship between financial sector development and poverty reduction in the Iranian economy during 1973-2007. To explore a long-term relationship between variables, Bounds Testing Approach of Pesaran and others (2001) was used and to investigate the interface and causality between financial sector development and poverty reduction Dolado and Lutkepohl’s approach and causalty test (1996) was applied. In this paper for showing financial development, three alternative indicators and for representing poverty the cost of private consumption per capita are used. Results from this study indicate a long-term relationship between variables in the model. Dolado and Lutkepohl causality test results also show that financial development is not effective in poverty reduction .
Keywords: .E50, financial sector development, Poverty reduction, Dolado and Lutkepohl causality test
JEL Classification: E50, I30
Received: 2011/06/12 | Accepted: 2012/02/26 | Published: 2013/04/21
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