Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/40006 
Is replaced by the following version: 
Title: 

Financial Development and Household Welfare: Microevidence from Thai Households

The document was removed on behalf of the author(s)/ the editor(s).

Year of Publication: 
2010
Series/Report no.: 
Proceedings of the German Development Economics Conference, Hannover 2010 No. 38
Publisher: 
Verein für Socialpolitik, Ausschuss für Entwicklungsländer, Göttingen
Abstract: 
We provide new micro evidence on the discussion about the relationship between financial development and welfare. Relying on the concept of local financial development our analysis focuses on three dimensions of household welfare: vulnerability to poverty, investment, and consumption smoothing. Even though we cannot find a significant effect on vulnerability, we provide evidence that financial development is correlated with higher investment and better possibilities to smooth consumption. The extent of both effects is also economically significant. Our results hold for alternative specifications and variations in the measurement of financial development.
Subjects: 
financial development
credit rationing
vulnerability
consumption smoothing
investment
poverty
growth
JEL: 
O16
O17
G21
Document Type: 
Conference Paper

Files in This Item:
The document was removed on behalf of the author(s)/ the editor(s) on: January 19, 2012
There are no files associated with this item.


Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.