Identifying the Relationship among Financial Development,Growth and Inequality: The Study of Bangladesh
Journal Title: Saudi Journal of Humanities and Social Sciences - Year 2017, Vol 2, Issue 6
Abstract
Abstract: This paper examines the impact of financial development on the rates of investment in physical and human capital, again with and without accounting for country fixed effects. The development of financial sector through effective utilization of domestic resources is vital for economic growth and poverty reduction. During the first half of the 1990s Bangladesh experienced major financial sector reforms which included the liberalization of interest rates, improvement of monetary policy, abolishing priority sector lending, strengthening central bank supervision, regulating banks, improving debt recovery and broadening capital market development. To the extent that financial development facilitates growth by encouraging factor accumulation; we should observe their impact in these direct specifications. Keywords: Financial Development, Monetary sector reform, Growth and Inequality
Authors and Affiliations
NeluferYesmen Milly, Moniruzzaman Muzib
Keywords
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