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Développement financier, instabilité financière, croissance et pauvreté

Author

Listed:
  • Sylviane GUILLAUMONT JEANNENEY

    (Centre d'Etudes et de Recherches sur le Développement International)

  • Kangni KPODAR

    (Centre d'Etudes et de Recherches sur le Développement International)

Abstract

Résumé : cet article tente de concilier deux courants de la littérature, l’un qui montre l’effet favorable du développement financier sur la croissance économique, l’autre l’effet défavorable des crises financières. L’hypothèse centrale est que l’instabilité du développement financier croît avec celui-ci. Cette relation positive entre les deux phénomènes diminue l’impact favorable du développement financier sur la croissance. Plusieurs arguments théoriques sont présentés à l’appui de cette hypothèse, qui est ensuite testée avec succès sur un vaste échantillon de pays en développement durant la période 1966-2000. Il est finalement montré que le développement financier et l’instabilité de ce développement exercent aussi un effet spécifique et de sens inverse sur le revenu du cinquième le plus pauvre de la population.

Suggested Citation

  • Sylviane GUILLAUMONT JEANNENEY & Kangni KPODAR, 2004. "Développement financier, instabilité financière, croissance et pauvreté," Macroeconomics 0407003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:0407003
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    3. Thierno Thioune, 2017. "Financial Instability and Inequality Dynamics in the WAEMU," Econometric Research in Finance, SGH Warsaw School of Economics, Collegium of Economic Analysis, vol. 2(1), pages 43-62, June.

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    More about this item

    Keywords

    Développement financier; Croissance économique; Pauvreté;
    All these keywords.

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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