Stronger property rights can help alleviate poverty: IMF paper
The introduction of stronger property rights in sub-Saharan African countries may narrow income inequality and reduce poverty, an International Monetary Fund paper, published on Friday, says.
Raju Jan Singh and Yifei Huang, the paper's authors, use a sample of 37 countries in sub-Saharan Africa from 1992 to 2006 to examine the relationship between financial development and poverty, in particular the role of property rights. The authors say that while providing financing to more entrepreneurs
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