Local Financial Development and Household Welfare: Microevidence from Thai Households

Konferenzbeitrag

We provide new micro evidence on the discussion about the relationship between financial development and welfare. Relying on the concept of local financial development our analysis focuses on three dimensions of household welfare: vulnerability to poverty, investment, and consumption smoothing. Even though we cannot find a significant effect on vulnerability, we provide evidence that financial development is correlated with higher investment and better possibilities to smooth consumption. The extent of both effects is also economically significant. Our results hold for alternative specifications and variations in the measurement of financial development.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Proceedings of the German Development Economics Conference, Hannover 2010 ; No. 38 [rev.]

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Consumer Economics: Empirical Analysis ; Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
• Thema: credit rationing ; investment ; consumption ; consumption smoothing ; growth

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Gloede, Oliver ; Rungruxsirivorn, Ornsiri
• Ereignis: Veröffentlichung
• (wer): Verein für Socialpolitik, Ausschuss für Entwicklungsländer
• (wo): Göttingen
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/54736
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ