Finance is good for the poor but it depends where you live
研究了金融发展是否有助于提高最贫困群体的收入，发现经济增长普遍有利于减贫，但金融发展的作用因地区而异，在某些地区有益，在其他地区可能有害。
I examine whether or not the incomes of the poor systematically grow with average incomes, and whether financial development enhances the incomes of the poorest quintile. Following the methodology of Dollar and Kraay (2002), I find, once extending Dollar and Kraay's data, their findings are robust to the Lucas critique and economic growth is important for poverty reduction universally. However, in comparison to other authors' work I show financial development aids the incomes of the poor in certain regions, whilst it may be detrimental in others. This proposes evidence against a "one size fits all" model adding a further contribution to the literature on financial development and poverty.