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Impact of financial crises on poverty in the developing world: an empirical approach

Nikoloski, Zlatko (2011) Impact of financial crises on poverty in the developing world: an empirical approach. Journal of Development Studies, 47 (11). pp. 1757-1779. ISSN 0022-0388

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Abstract

This article adopts a cross-country perspective to analyse the short term effects of currency, banking and debt crises on the poverty headcount ratio and the poverty gap (as measured by the World Bank), employing multivariate fixed-effects panel data analysis. The findings suggest that currency crises most significantly exacerbate both the incidence and depth of poverty in the short run. Banking crises are associated with an increase in the depth of poverty but not the incidence while there is no direct effect of sovereign debt crises. Given the low level of significance, the results are far from conclusive and offer only partial indications of the crises-poverty nexus.

Item Type: Article
Official URL: http://www.tandfonline.com/toc/fjds20/current
Additional Information: © 2011 Taylor & Francis
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HN Social history and conditions. Social problems. Social reform
Journal of Economic Literature Classification System: F - International Economics > F0 - General
Sets: Research centres and groups > LSE Health
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 12 Sep 2012 14:27
URL: http://eprints.lse.ac.uk/45820/

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