International records / OpenAlex research

Implications of financial development on poverty and inequality: Evidence from Nigeria

This paper examines the short and long run implications of the four measures of financial development on poverty reduction and income inequality in Nigeria within the period 1996-2017. The study employs the Autoregressive distributed lag (ARDL) long run co-integration approach. The results revealed a positive but economic insignificant relationship between financial development, poverty and inequality both in the short and long run. The study further revealed that corruption and inflationary levels exhibited positive effect on poverty reduction and income inequality. These results advocate for…