Financial Sector Development and the Millennium Development Goals

This study investigates the relationship between financial sector development and progress in reaching the Millennium Development Goals (MDGs). It assesses the contribution of countries' financial sector development to achieving the MDGs. The...

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Main Authors:	Claessens, Stijn, Feijen, Erik
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2012
Subjects:	ACCESS TO HEALTH CARE AGRICULTURAL PRODUCTIVITY AGRICULTURAL SECTOR AGRICULTURE ANNUAL GROWTH AVERAGE GROWTH AVERAGE INCOME BASIC NEEDS CHILD MORTALITY CIVIL WAR COMMERCIAL BANKS COMPETITIVE FORCES CONSUMERS CROPS DEBT DEREGULATION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT ASSISTANCE DEVELOPMENT INDICATORS DEVELOPMENT REPORT DISEASES DISSEMINATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INSTABILITY ECONOMIC OPPORTUNITY ECONOMIC OUTCOMES ECONOMIC PROSPERITY ECONOMIC STATUS ECONOMIC WELFARE ECONOMIES OF SCALE EDUCATION ELASTICITIES ELASTICITY EMPIRICAL EVIDENCE EMPIRICAL RESEARCH EMPOWERMENT EMPOWERMENT OF WOMEN ENERGY CONSUMPTION ENVIRONMENTAL ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROTECTION EQUAL OPPORTUNITIES ESSENTIAL DRUGS EXTREME POVERTY FAMILY RESOURCES FEMALE LABOR FORCE FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SYSTEMS FIXED EFFECTS FUTURE RESEARCH GDP GDP PER CAPITA GENDER EQUALITY GENDER INEQUALITY GNP GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH RATE GROWTH RATES HEALTH HEALTH CARE HEALTH EDUCATION HIV HOUSEHOLD INCOME HOUSEHOLD SURVEYS HOUSEHOLD WELFARE INCOME GROUPS INCOME GROWTH INCOME GROWTH RATE INCOME POVERTY INSURANCE INTERNATIONAL POLICY INTERNATIONAL TRADE LACK OF DEVELOPMENT LANDLOCKED COUNTRIES LEGAL STATUS LEVELS OF EDUCATION LIFE EXPECTANCY LIVE BIRTHS LIVING CONDITIONS LOW-INCOME COUNTRIES MACROECONOMIC INSTABILITY MALARIA MARKET LIBERALIZATION MATERNAL DEATHS MATERNAL HEALTH MATERNAL MORTALITY MATERNAL MORTALITY RATE MATERNAL MORTALITY RATIO MEAN VALUE MILLENNIUM DECLARATION MILLENNIUM DEVELOPMENT GOALS MORTALITY MORTALITY RATE NATIONAL GOVERNMENTS NATIONAL LEVELS NOURISHMENT NUTRITION PARLIAMENTARY SEATS PER CAPITA GROWTH POLICY FRAMEWORK POLICY INTERVENTIONS POLICY MAKERS POLITICAL ECONOMY POLLUTION POOR HOUSEHOLDS POOR PEOPLE POORER PEOPLE POVERTY LINE POVERTY RATE POVERTY RATES POVERTY REDUCTION PRIMARY SCHOOL PRIMARY SCHOOLING PRODUCTIVITY PROGRESS PUBLIC POLICY PUBLIC SECTOR PURCHASING POWER PURCHASING POWER PARITY REDUCING INEQUALITY REDUCING POVERTY REGRESSION ANALYSES SAFE DRINKING WATER SANITATION SAVINGS SECONDARY SCHOOLING SECTOR ACTIVITY SERVICE PROVISION STATISTICAL ANALYSES SUSTAINABLE DEVELOPMENT TERTIARY EDUCATION TRANSACTION COSTS UNIVERSAL ACCESS UNIVERSAL PRIMARY EDUCATION VULNERABILITY WEALTH YOUNG PEOPLE
Online Access:	http://documents.worldbank.org/curated/en/2006/12/7406454/financial-sector-development-millennium-development-goals http://hdl.handle.net/10986/7145

id	okr-10986-7145
recordtype	oai_dc
spelling	okr-10986-71452021-04-23T14:02:27Z Financial Sector Development and the Millennium Development Goals Claessens, Stijn Feijen, Erik ACCESS TO HEALTH CARE AGRICULTURAL PRODUCTIVITY AGRICULTURAL SECTOR AGRICULTURE ANNUAL GROWTH AVERAGE GROWTH AVERAGE INCOME BASIC NEEDS CHILD MORTALITY CIVIL WAR COMMERCIAL BANKS COMPETITIVE FORCES CONSUMERS CROPS DEBT DEREGULATION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT ASSISTANCE DEVELOPMENT INDICATORS DEVELOPMENT REPORT DISEASES DISSEMINATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INSTABILITY ECONOMIC OPPORTUNITY ECONOMIC OUTCOMES ECONOMIC PROSPERITY ECONOMIC STATUS ECONOMIC WELFARE ECONOMIES OF SCALE EDUCATION ELASTICITIES ELASTICITY EMPIRICAL EVIDENCE EMPIRICAL RESEARCH EMPOWERMENT EMPOWERMENT OF WOMEN ENERGY CONSUMPTION ENVIRONMENTAL ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROTECTION EQUAL OPPORTUNITIES ESSENTIAL DRUGS EXTREME POVERTY FAMILY RESOURCES FEMALE LABOR FORCE FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SYSTEMS FIXED EFFECTS FUTURE RESEARCH GDP GDP PER CAPITA GENDER EQUALITY GENDER INEQUALITY GNP GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH RATE GROWTH RATES HEALTH HEALTH CARE HEALTH EDUCATION HIV HOUSEHOLD INCOME HOUSEHOLD SURVEYS HOUSEHOLD WELFARE INCOME GROUPS INCOME GROWTH INCOME GROWTH RATE INCOME POVERTY INSURANCE INTERNATIONAL POLICY INTERNATIONAL TRADE LACK OF DEVELOPMENT LANDLOCKED COUNTRIES LEGAL STATUS LEVELS OF EDUCATION LIFE EXPECTANCY LIVE BIRTHS LIVING CONDITIONS LOW-INCOME COUNTRIES MACROECONOMIC INSTABILITY MALARIA MARKET LIBERALIZATION MATERNAL DEATHS MATERNAL HEALTH MATERNAL MORTALITY MATERNAL MORTALITY RATE MATERNAL MORTALITY RATIO MEAN VALUE MILLENNIUM DECLARATION MILLENNIUM DEVELOPMENT GOALS MORTALITY MORTALITY RATE NATIONAL GOVERNMENTS NATIONAL LEVELS NOURISHMENT NUTRITION PARLIAMENTARY SEATS PER CAPITA GROWTH POLICY FRAMEWORK POLICY INTERVENTIONS POLICY MAKERS POLITICAL ECONOMY POLLUTION POOR HOUSEHOLDS POOR PEOPLE POORER PEOPLE POVERTY LINE POVERTY RATE POVERTY RATES POVERTY REDUCTION PRIMARY SCHOOL PRIMARY SCHOOLING PRODUCTIVITY PROGRESS PUBLIC POLICY PUBLIC SECTOR PURCHASING POWER PURCHASING POWER PARITY REDUCING INEQUALITY REDUCING POVERTY REGRESSION ANALYSES SAFE DRINKING WATER SANITATION SAVINGS SECONDARY SCHOOLING SECTOR ACTIVITY SERVICE PROVISION STATISTICAL ANALYSES SUSTAINABLE DEVELOPMENT TERTIARY EDUCATION TRANSACTION COSTS UNIVERSAL ACCESS UNIVERSAL PRIMARY EDUCATION VULNERABILITY WEALTH YOUNG PEOPLE This study investigates the relationship between financial sector development and progress in reaching the Millennium Development Goals (MDGs). It assesses the contribution of countries' financial sector development to achieving the MDGs. The focus is on the relationships between financial development and economic welfare and growth, and the following four MDG-themes: Poverty, Education, Health, and Gender Equality. In doing so, the book reviews the theoretical channels, surveys existing empirical evidence - both cross-country and case study evidence, and provides new evidence. Financial Sector Development and the Millennium Development Goals finds that financial development is an important driver for economic welfare in that it reduces the prevalence of income poverty and undernourishment. In addition, new evidence is provided of a positive association between financial development and health, education, and gender equality. 2012-06-05T18:17:23Z 2012-06-05T18:17:23Z 2006 http://documents.worldbank.org/curated/en/2006/12/7406454/financial-sector-development-millennium-development-goals 978-0-8213-6864-0 http://hdl.handle.net/10986/7145 English en_US World Bank Working Paper No. 89 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO HEALTH CARE AGRICULTURAL PRODUCTIVITY AGRICULTURAL SECTOR AGRICULTURE ANNUAL GROWTH AVERAGE GROWTH AVERAGE INCOME BASIC NEEDS CHILD MORTALITY CIVIL WAR COMMERCIAL BANKS COMPETITIVE FORCES CONSUMERS CROPS DEBT DEREGULATION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT ASSISTANCE DEVELOPMENT INDICATORS DEVELOPMENT REPORT DISEASES DISSEMINATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INSTABILITY ECONOMIC OPPORTUNITY ECONOMIC OUTCOMES ECONOMIC PROSPERITY ECONOMIC STATUS ECONOMIC WELFARE ECONOMIES OF SCALE EDUCATION ELASTICITIES ELASTICITY EMPIRICAL EVIDENCE EMPIRICAL RESEARCH EMPOWERMENT EMPOWERMENT OF WOMEN ENERGY CONSUMPTION ENVIRONMENTAL ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROTECTION EQUAL OPPORTUNITIES ESSENTIAL DRUGS EXTREME POVERTY FAMILY RESOURCES FEMALE LABOR FORCE FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SYSTEMS FIXED EFFECTS FUTURE RESEARCH GDP GDP PER CAPITA GENDER EQUALITY GENDER INEQUALITY GNP GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH RATE GROWTH RATES HEALTH HEALTH CARE HEALTH EDUCATION HIV HOUSEHOLD INCOME HOUSEHOLD SURVEYS HOUSEHOLD WELFARE INCOME GROUPS INCOME GROWTH INCOME GROWTH RATE INCOME POVERTY INSURANCE INTERNATIONAL POLICY INTERNATIONAL TRADE LACK OF DEVELOPMENT LANDLOCKED COUNTRIES LEGAL STATUS LEVELS OF EDUCATION LIFE EXPECTANCY LIVE BIRTHS LIVING CONDITIONS LOW-INCOME COUNTRIES MACROECONOMIC INSTABILITY MALARIA MARKET LIBERALIZATION MATERNAL DEATHS MATERNAL HEALTH MATERNAL MORTALITY MATERNAL MORTALITY RATE MATERNAL MORTALITY RATIO MEAN VALUE MILLENNIUM DECLARATION MILLENNIUM DEVELOPMENT GOALS MORTALITY MORTALITY RATE NATIONAL GOVERNMENTS NATIONAL LEVELS NOURISHMENT NUTRITION PARLIAMENTARY SEATS PER CAPITA GROWTH POLICY FRAMEWORK POLICY INTERVENTIONS POLICY MAKERS POLITICAL ECONOMY POLLUTION POOR HOUSEHOLDS POOR PEOPLE POORER PEOPLE POVERTY LINE POVERTY RATE POVERTY RATES POVERTY REDUCTION PRIMARY SCHOOL PRIMARY SCHOOLING PRODUCTIVITY PROGRESS PUBLIC POLICY PUBLIC SECTOR PURCHASING POWER PURCHASING POWER PARITY REDUCING INEQUALITY REDUCING POVERTY REGRESSION ANALYSES SAFE DRINKING WATER SANITATION SAVINGS SECONDARY SCHOOLING SECTOR ACTIVITY SERVICE PROVISION STATISTICAL ANALYSES SUSTAINABLE DEVELOPMENT TERTIARY EDUCATION TRANSACTION COSTS UNIVERSAL ACCESS UNIVERSAL PRIMARY EDUCATION VULNERABILITY WEALTH YOUNG PEOPLE
spellingShingle	ACCESS TO HEALTH CARE AGRICULTURAL PRODUCTIVITY AGRICULTURAL SECTOR AGRICULTURE ANNUAL GROWTH AVERAGE GROWTH AVERAGE INCOME BASIC NEEDS CHILD MORTALITY CIVIL WAR COMMERCIAL BANKS COMPETITIVE FORCES CONSUMERS CROPS DEBT DEREGULATION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT ASSISTANCE DEVELOPMENT INDICATORS DEVELOPMENT REPORT DISEASES DISSEMINATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INSTABILITY ECONOMIC OPPORTUNITY ECONOMIC OUTCOMES ECONOMIC PROSPERITY ECONOMIC STATUS ECONOMIC WELFARE ECONOMIES OF SCALE EDUCATION ELASTICITIES ELASTICITY EMPIRICAL EVIDENCE EMPIRICAL RESEARCH EMPOWERMENT EMPOWERMENT OF WOMEN ENERGY CONSUMPTION ENVIRONMENTAL ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROTECTION EQUAL OPPORTUNITIES ESSENTIAL DRUGS EXTREME POVERTY FAMILY RESOURCES FEMALE LABOR FORCE FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SYSTEMS FIXED EFFECTS FUTURE RESEARCH GDP GDP PER CAPITA GENDER EQUALITY GENDER INEQUALITY GNP GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH RATE GROWTH RATES HEALTH HEALTH CARE HEALTH EDUCATION HIV HOUSEHOLD INCOME HOUSEHOLD SURVEYS HOUSEHOLD WELFARE INCOME GROUPS INCOME GROWTH INCOME GROWTH RATE INCOME POVERTY INSURANCE INTERNATIONAL POLICY INTERNATIONAL TRADE LACK OF DEVELOPMENT LANDLOCKED COUNTRIES LEGAL STATUS LEVELS OF EDUCATION LIFE EXPECTANCY LIVE BIRTHS LIVING CONDITIONS LOW-INCOME COUNTRIES MACROECONOMIC INSTABILITY MALARIA MARKET LIBERALIZATION MATERNAL DEATHS MATERNAL HEALTH MATERNAL MORTALITY MATERNAL MORTALITY RATE MATERNAL MORTALITY RATIO MEAN VALUE MILLENNIUM DECLARATION MILLENNIUM DEVELOPMENT GOALS MORTALITY MORTALITY RATE NATIONAL GOVERNMENTS NATIONAL LEVELS NOURISHMENT NUTRITION PARLIAMENTARY SEATS PER CAPITA GROWTH POLICY FRAMEWORK POLICY INTERVENTIONS POLICY MAKERS POLITICAL ECONOMY POLLUTION POOR HOUSEHOLDS POOR PEOPLE POORER PEOPLE POVERTY LINE POVERTY RATE POVERTY RATES POVERTY REDUCTION PRIMARY SCHOOL PRIMARY SCHOOLING PRODUCTIVITY PROGRESS PUBLIC POLICY PUBLIC SECTOR PURCHASING POWER PURCHASING POWER PARITY REDUCING INEQUALITY REDUCING POVERTY REGRESSION ANALYSES SAFE DRINKING WATER SANITATION SAVINGS SECONDARY SCHOOLING SECTOR ACTIVITY SERVICE PROVISION STATISTICAL ANALYSES SUSTAINABLE DEVELOPMENT TERTIARY EDUCATION TRANSACTION COSTS UNIVERSAL ACCESS UNIVERSAL PRIMARY EDUCATION VULNERABILITY WEALTH YOUNG PEOPLE Claessens, Stijn Feijen, Erik Financial Sector Development and the Millennium Development Goals
relation	World Bank Working Paper No. 89
description	This study investigates the relationship between financial sector development and progress in reaching the Millennium Development Goals (MDGs). It assesses the contribution of countries' financial sector development to achieving the MDGs. The focus is on the relationships between financial development and economic welfare and growth, and the following four MDG-themes: Poverty, Education, Health, and Gender Equality. In doing so, the book reviews the theoretical channels, surveys existing empirical evidence - both cross-country and case study evidence, and provides new evidence. Financial Sector Development and the Millennium Development Goals finds that financial development is an important driver for economic welfare in that it reduces the prevalence of income poverty and undernourishment. In addition, new evidence is provided of a positive association between financial development and health, education, and gender equality.
format	Publications & Research :: Publication
author	Claessens, Stijn Feijen, Erik
author_facet	Claessens, Stijn Feijen, Erik
author_sort	Claessens, Stijn
title	Financial Sector Development and the Millennium Development Goals
title_short	Financial Sector Development and the Millennium Development Goals
title_full	Financial Sector Development and the Millennium Development Goals
title_fullStr	Financial Sector Development and the Millennium Development Goals
title_full_unstemmed	Financial Sector Development and the Millennium Development Goals
title_sort	financial sector development and the millennium development goals
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/12/7406454/financial-sector-development-millennium-development-goals http://hdl.handle.net/10986/7145
_version_	1764399210966286336

Financial Sector Development and the Millennium Development Goals

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