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KURUMSAL KALİTE, EKONOMİK ÖZGÜRLÜKLER VE GELİR DAĞILIMI İLİŞKİSİ: MINT ÜLKELERİ ÖRNEĞİ

Year 2018, Volume: 7 Issue: 17, 90 - 107, 30.04.2018
https://doi.org/10.31199/hakisderg.386514

Abstract

1980 sonrası bilişim
teknolojileri başta olmak üzere birçok alanda yaşanan gelişmeler küreselleşme,
ekonomik özgürlük ve kurumsal kalite düzeyindeki artışları hızlandırmıştır.
Ekonomik özgürlüklerin, küreselleşme eğilimlerinin ve kurumsal kalitenin artması
ekonomik büyüme, enflasyon ve gelir dağılımı gibi temel ekonomik değişkenler
üzerinde önemli etkiler meydana getirmektedir. Bu etkiler ülkeden ülkeye
farklılık göstermekle birlikte, etkilerin yönü konusunda tartışmalar mevcuttur.
Özellikle küreselleşme, ekonomik özgürlükler ve kurumsal kalitedeki artışın
gelir dağılımına etkisi konusunda araştırmacılar arasında bir konsensüse
varılabilmiş değildir. Bununla birlikte birçok ülkede küreselleşme, ekonomik
özgürlük, kurumsal kalite, dışa açıklık ve demokrasi düzeyi artıkça başlangıçta
gelir eşitsizliğinin arttığı daha sonra ekonomik gelişmeyle birlikte gelir
eşitsizliğinin azalma trendine girdiği görülmektedir. Çalışmada; kurumsal
kalite, ekonomik özgürlükler, küreselleşme, dışa açıklık, demokrasi ve doğrudan
yabancı sermaye yatırımlarının gelir eşitsizliği üzerindeki etkileri 2000-2012
döneminde panel veri analiz yöntemi kullanılarak MINT ülkeleri için test
edilmiştir. Elde edilen sonuçlar ülkelerin dış dünya ile ticari, ekonomik,
politik ve sosyal entegrasyonundaki artışların, ülkelerin kurumsal
yapılarındaki iyileşmelerin ve ülkedeki ekonomik özgürlük düzeyindeki
artışların gelir eşitsizliğini azalttığını, buna karşılık demokrasi seviyesi ve
doğrudan yabancı sermaye yatırımlarındaki artışların gelir dağılımı eşitsizliğini
artırdığını ortaya koymaktadır.  

References

  • Acemoğlu, D. ve Robinson, J. A. (2000). Why did the west extend the franchise? democracy, inequality, and growth in historical perspective. The Quarterly Journal of Economics, 115 (4), 1167-1199.
  • Apergis, N., Dinçer, O. ve Payne, J. (2014), Economic Freedom and Income Inequality Revisited: Evidence from a Panel Error Correction Model. Contemporary Economic Policy, 32 (1), 67-75.
  • Atif, S. M., Srivastav, M., Sauytbekova, M. ve Arachchige, U. K. (2012). Globalization and income inequality: A panel data analysis of 68 countries. MPRA Working Paper No.42385.
  • Babones, S. J. ve Vonada, D. (2009). Trade globalization and national income inequality–Are they related?. Journal of Sociology, 45 (1), 5-30.
  • Berggren, N. (1999). Economic freedom and equality: Friends or foes?. Public Choise, 100, 203-223.
  • Bergh, A. ve Nilsson, T. (2010). Do liberalization and globalization increase income inequality?. European Journal of Political Economy, 26 (4), 488-505.
  • Bollen, K. A. ve Jackman, R. W. (1985). Political democracy and the size distribution of income. American Sociological Review, 50 (4), 438-457.
  • Calderon, C. ve Chong, A. (2001). External sector and income inequality in interdependent economies using a dynamic panel data approach. Economics Letters, 71, 225-231.
  • Carter J. R. (2006). An Empirical Not on Economic freedom and income inequality. Public Choice, 130, 163-177.
  • Castro, G. A. (2011). The Effect of trade and foreign direct investment on inequality: Do governance and macroeconomic stability matter?. Economia Mexicana, 20(1), 181-219.
  • Chakrabarti, A. (2000). Does trade cause inequality?. Journal of Economic Development, 25 (2), 1-21.
  • Choi, C. (2006). Does foreign direct investment affect domestic income inequality?. Applied Economics Letters, 13, 811–814.
  • Chong, A. (2001). Inequality, democracy, and persistence: Is there a political kuznets curve?. Inter-American Development Bank Research Department Working Paper No.445.
  • Chong, A. ve Calderon, C. (2000).Institutional quality and income distribution. Economic Development and Cultural Change, 48 (4), 761-786.
  • Chong A. ve Gradstein M. (2007). Inequality and institutions. Review of Economics and Statistics, 89 (3), 454–465.
  • Dreher, A. ve Gaston, N. (2007). Has globalization increased inequality. Gloablization and Development Centre (GDC) Working Papers.
  • Easaw, J. ve Savoia, A. (2009). Inequality in developing economies: The role of institutional development. ecineq working papers No: 121.
  • Edwars, S. (1997). Trade policy, growth, and income distribution. The American Economic Review, 87 (2), 205-210.
  • Franco, C. ve Gerussi, E. (2012). Trade, foreign direct investment (fdi) and income inequality: Empirical evidence from transition countries. The Journal of International Trade & Economic Development, 22 (8), 1-30.
  • Gradstein, M. (2007). Inequality, democracy and the protection of property rights. The Economic Journal, 117 (516), 252-269.
  • Gradstein, M., Milanovic, B. ve Ying, Y. (2001). Democracy and income inequality an empirical analysis. World Bank Policy Research Working Papers No. 2561.
  • Gwartney, J., Lawson, W. ve Hall, J. (2015). Economic Freedom of the World. 2015 Annual Report. Fraser Institute.
  • Halmos, K. (2011). The effect of FDI, exports and GDP on income inequality in 15 Eastern European Countries. Acta Polytechnica Hungarica, 8 (1), 123-136.
  • Hamanaka, S. (2008). Inequality and authoritarianism in the developing countries. MPRA Paper 16798. Erişim adresi http://mpra.ub.uni-muenchen.de/16798/
  • Herzer, D. ve Nunnenkamp, P. (2011). FDI and income inequality: Evidence from Europe. Kiel Working Paper No.1675.
  • Hewitt, C. (1977). The effect of political democracy and social democracy on equality in industrial societies: A cross-national comparison. Amer-ican Sociological Review, 42 (3), 450-464.
  • Houle, C. (2009). Inequality and democracy: Why inequality harms consolidation but does not affect democratization. World Politics, 61 (4), 589 622.
  • ICRG (2013), International country risk guide (Uluslararası Ülke Risk Rehberi; Ekonomik ve Finansal Risk Servisi).
  • KOF (2016, 25 Nisan). KOF index of globalization. Erişim adresi http://globalization.kof.ethz.ch/
  • Lee, C. S. (2005). Income inequality, democracy, and public sector size. American Sociological Review, 70, 158-181.
  • Lee, J. E. (2006). Inequality and globalization in Europe. Journal of Policy Modeling, 28 (7), 791-796.
  • Lindert, P. H. ve Williamson J. G. (2001). Does Globalization make the world more equal?. NBER Working Papers No.8228.
  • Muller, E. N. (1988). Democracy, economic development and income inequality. American Sociological Review, 53 (1), 50-68.
  • Perez-Moreno A. ve Angulo-Guerero M. J. (2016). Does economic freedom increase income inequality? Evidence from the EU Countries. Jour-nal of Economic Policy Reform, 1-21, Erişim adresi http://dx.doi.org/10.1080/17487870.2015.1128832
  • Polity IV (2016). Polity IV Project: Political regime characteristics and transitions, 1800-2013. Erişim adresi http://www.systemicpeace.org/polity/polity4.htm
  • Reuveny, R. ve Li, Q. (2003). Economic openness, democracy and income inequality: An empirical analysis. Comparative Political Studies, 36(5), 575-601.
  • Scully G. W. (2002). Economic freedom, government policy and the tradeoff between equity and economic growth. Public Choice, 113, 77-96.
  • Sonin, K. (2003). Why the rich may favor poor protection of property rights. Journal of Comparative Economics, 31 (4), 715-731.
  • SWIID (2016, 25 Nisan). The standardized world income inequality database. Erişim adresi http://fsolt.org/swiid/
  • Tsai, P.L. (1995). Foreign direct investment and income inequality: Further evidence. World Development, 23 (3), 469-483.
  • UNCTADSTAD (2016, 3 Temmuz). United nations conference on trade and development. Erişim adresi http://unctadstat.unctad.org/wds/ReportFolders/reportFolders.aspx
  • Velde, D. W. ve Morrissey, O. (2004). Foreign direct investment, skills and wage inequality in East Asia. Journal of the Asia Pacific Economy, 9 (3), 348-369.
  • Velde, D. W. (2003). Foreign direct investment and income inequality in Latin America. Overseas Development Institute No. 1298.
  • Zang, X. ve Zang, K. H. (2010). How does globalization affect regional inequality within a developing country? Evidence from China. The Journal of Development Studies,39 (4), 47-67.

THE RELATIONSHIPS OF INSTITUTIONAL QUALITY, ECONOMIC FREEDOMS AND INCOME DISTRIBUTION: A CASE OF THE MINT COUNTRIES

Year 2018, Volume: 7 Issue: 17, 90 - 107, 30.04.2018
https://doi.org/10.31199/hakisderg.386514

Abstract

After 1980s,
developments in many areas, especially in information technologies, have
accelerated the increase in globalization, economic freedom and institutional
quality. These increasing trends have important effects on basic economic
variables such as economic growth, inflation and income distribution. These
effects differ from country to country and there are debates about the
direction of the effects. There has been no consensus among researchers on the
impact of the increase in globalization, economic freedoms, and institutional
quality on income distribution. Nevertheless, if globalization, economic
freedom, institutional quality, openness and democracy levels increase in many
countries, at the beginning income inequality increase, but later income inequality
decrease after economic development. In this study; the effects of
institutional quality, economic freedoms, globalization, openness, democracy
and foreign direct investments on income inequality between 2000 and 2012 were
analyzed for the MINT countries using panel data analysis. The obtained results
demonstrated that the increase in the nations’ commercial, economic, political
and social integration with the outside world, improvements in the nations’
organizational structures and degree of economic freedom diminish income
inequality, whereas the rise in the level of democracy and foreign direct
investments increases income inequality.  

References

  • Acemoğlu, D. ve Robinson, J. A. (2000). Why did the west extend the franchise? democracy, inequality, and growth in historical perspective. The Quarterly Journal of Economics, 115 (4), 1167-1199.
  • Apergis, N., Dinçer, O. ve Payne, J. (2014), Economic Freedom and Income Inequality Revisited: Evidence from a Panel Error Correction Model. Contemporary Economic Policy, 32 (1), 67-75.
  • Atif, S. M., Srivastav, M., Sauytbekova, M. ve Arachchige, U. K. (2012). Globalization and income inequality: A panel data analysis of 68 countries. MPRA Working Paper No.42385.
  • Babones, S. J. ve Vonada, D. (2009). Trade globalization and national income inequality–Are they related?. Journal of Sociology, 45 (1), 5-30.
  • Berggren, N. (1999). Economic freedom and equality: Friends or foes?. Public Choise, 100, 203-223.
  • Bergh, A. ve Nilsson, T. (2010). Do liberalization and globalization increase income inequality?. European Journal of Political Economy, 26 (4), 488-505.
  • Bollen, K. A. ve Jackman, R. W. (1985). Political democracy and the size distribution of income. American Sociological Review, 50 (4), 438-457.
  • Calderon, C. ve Chong, A. (2001). External sector and income inequality in interdependent economies using a dynamic panel data approach. Economics Letters, 71, 225-231.
  • Carter J. R. (2006). An Empirical Not on Economic freedom and income inequality. Public Choice, 130, 163-177.
  • Castro, G. A. (2011). The Effect of trade and foreign direct investment on inequality: Do governance and macroeconomic stability matter?. Economia Mexicana, 20(1), 181-219.
  • Chakrabarti, A. (2000). Does trade cause inequality?. Journal of Economic Development, 25 (2), 1-21.
  • Choi, C. (2006). Does foreign direct investment affect domestic income inequality?. Applied Economics Letters, 13, 811–814.
  • Chong, A. (2001). Inequality, democracy, and persistence: Is there a political kuznets curve?. Inter-American Development Bank Research Department Working Paper No.445.
  • Chong, A. ve Calderon, C. (2000).Institutional quality and income distribution. Economic Development and Cultural Change, 48 (4), 761-786.
  • Chong A. ve Gradstein M. (2007). Inequality and institutions. Review of Economics and Statistics, 89 (3), 454–465.
  • Dreher, A. ve Gaston, N. (2007). Has globalization increased inequality. Gloablization and Development Centre (GDC) Working Papers.
  • Easaw, J. ve Savoia, A. (2009). Inequality in developing economies: The role of institutional development. ecineq working papers No: 121.
  • Edwars, S. (1997). Trade policy, growth, and income distribution. The American Economic Review, 87 (2), 205-210.
  • Franco, C. ve Gerussi, E. (2012). Trade, foreign direct investment (fdi) and income inequality: Empirical evidence from transition countries. The Journal of International Trade & Economic Development, 22 (8), 1-30.
  • Gradstein, M. (2007). Inequality, democracy and the protection of property rights. The Economic Journal, 117 (516), 252-269.
  • Gradstein, M., Milanovic, B. ve Ying, Y. (2001). Democracy and income inequality an empirical analysis. World Bank Policy Research Working Papers No. 2561.
  • Gwartney, J., Lawson, W. ve Hall, J. (2015). Economic Freedom of the World. 2015 Annual Report. Fraser Institute.
  • Halmos, K. (2011). The effect of FDI, exports and GDP on income inequality in 15 Eastern European Countries. Acta Polytechnica Hungarica, 8 (1), 123-136.
  • Hamanaka, S. (2008). Inequality and authoritarianism in the developing countries. MPRA Paper 16798. Erişim adresi http://mpra.ub.uni-muenchen.de/16798/
  • Herzer, D. ve Nunnenkamp, P. (2011). FDI and income inequality: Evidence from Europe. Kiel Working Paper No.1675.
  • Hewitt, C. (1977). The effect of political democracy and social democracy on equality in industrial societies: A cross-national comparison. Amer-ican Sociological Review, 42 (3), 450-464.
  • Houle, C. (2009). Inequality and democracy: Why inequality harms consolidation but does not affect democratization. World Politics, 61 (4), 589 622.
  • ICRG (2013), International country risk guide (Uluslararası Ülke Risk Rehberi; Ekonomik ve Finansal Risk Servisi).
  • KOF (2016, 25 Nisan). KOF index of globalization. Erişim adresi http://globalization.kof.ethz.ch/
  • Lee, C. S. (2005). Income inequality, democracy, and public sector size. American Sociological Review, 70, 158-181.
  • Lee, J. E. (2006). Inequality and globalization in Europe. Journal of Policy Modeling, 28 (7), 791-796.
  • Lindert, P. H. ve Williamson J. G. (2001). Does Globalization make the world more equal?. NBER Working Papers No.8228.
  • Muller, E. N. (1988). Democracy, economic development and income inequality. American Sociological Review, 53 (1), 50-68.
  • Perez-Moreno A. ve Angulo-Guerero M. J. (2016). Does economic freedom increase income inequality? Evidence from the EU Countries. Jour-nal of Economic Policy Reform, 1-21, Erişim adresi http://dx.doi.org/10.1080/17487870.2015.1128832
  • Polity IV (2016). Polity IV Project: Political regime characteristics and transitions, 1800-2013. Erişim adresi http://www.systemicpeace.org/polity/polity4.htm
  • Reuveny, R. ve Li, Q. (2003). Economic openness, democracy and income inequality: An empirical analysis. Comparative Political Studies, 36(5), 575-601.
  • Scully G. W. (2002). Economic freedom, government policy and the tradeoff between equity and economic growth. Public Choice, 113, 77-96.
  • Sonin, K. (2003). Why the rich may favor poor protection of property rights. Journal of Comparative Economics, 31 (4), 715-731.
  • SWIID (2016, 25 Nisan). The standardized world income inequality database. Erişim adresi http://fsolt.org/swiid/
  • Tsai, P.L. (1995). Foreign direct investment and income inequality: Further evidence. World Development, 23 (3), 469-483.
  • UNCTADSTAD (2016, 3 Temmuz). United nations conference on trade and development. Erişim adresi http://unctadstat.unctad.org/wds/ReportFolders/reportFolders.aspx
  • Velde, D. W. ve Morrissey, O. (2004). Foreign direct investment, skills and wage inequality in East Asia. Journal of the Asia Pacific Economy, 9 (3), 348-369.
  • Velde, D. W. (2003). Foreign direct investment and income inequality in Latin America. Overseas Development Institute No. 1298.
  • Zang, X. ve Zang, K. H. (2010). How does globalization affect regional inequality within a developing country? Evidence from China. The Journal of Development Studies,39 (4), 47-67.
There are 44 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Nuran Öztürk Ofluoğlu

Seyfettin Artan

Cemalettin Kalaycı

Publication Date April 30, 2018
Published in Issue Year 2018 Volume: 7 Issue: 17

Cite

APA Öztürk Ofluoğlu, N., Artan, S., & Kalaycı, C. (2018). KURUMSAL KALİTE, EKONOMİK ÖZGÜRLÜKLER VE GELİR DAĞILIMI İLİŞKİSİ: MINT ÜLKELERİ ÖRNEĞİ. Hak İş Uluslararası Emek Ve Toplum Dergisi, 7(17), 90-107. https://doi.org/10.31199/hakisderg.386514