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    Access to finance: an empirical analysis

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    Arora_European_Journal_of_Development_Research.pdf (417.7Kb)
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    Publication date
    2014-12
    Author
    Arora, Rashmi
    Keyword
    Financial access; HDI; Economic development; Developing countries
    Rights
    This is a post-peer-review, pre-copyedit version of an article published in European Journal of Development Research. The definitive publisher-authenticated version: Arora RU (2014) Access to finance: an empirical analysis. European Journal of Development Research. 26(5): 798-814. is available online at http://dx.doi.org/10.1057/ejdr.2013.50
    Peer-Reviewed
    Yes
    
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    Abstract
    Financial access is gradually being recognised as an important input to economic development. Using World Bank (2007) database, this study measures the extent of financial access in developed and developing countries. Further, it develops a new Socio-Economic Development Index, which incorporates financial access. It then compares socio-economic development of various countries as shown by Human Development Index (HDI) alone and by the new index incorporating financial access. The results of the study show that Spain ranks highest in terms of financial access followed by Belgium, Malta and South Korea. In addition, the ranking of countries in terms of HDI changes if financial access is taken into account
    URI
    http://hdl.handle.net/10454/8500
    Version
    final draft paper
    Citation
    Arora RU (2014) Access to finance: an empirical analysis. European Journal of Development Research. 26(5): 798-814.
    Link to publisher’s version
    http://dx.doi.org/10.1057/ejdr.2013.50
    Type
    Article
    Collections
    Social Sciences Publications

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