Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/123527
Authors: 
Asongu, Simplice A.
Year of Publication: 
2011
Series/Report no.: 
AGDI Working Paper WP/11/012
Abstract: 
Hitherto financial drivers of human development have been unexplored by the UNDP. This paper assesses determinants of human development from financial dynamics of depth, efficiency, size and activity on data from 38 developing countries. While the importance of financial activity, size and depth (in decreasing order) is significant for inequality adjusted human development, financial allocation efficiency significantly undermines welfare. As a policy implication results do not support financial allocation efficiency as a driver of human development.
Subjects: 
Banking
human development
developing countries
instrumental variables
JEL: 
E00
G20
I00
O10
Document Type: 
Working Paper

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