FİNANSAL GELİŞMENİN GELİR EŞİTSİZLİĞİ ÜZERİNDEKİ ETKİSİ: TÜRKİYE EKONOMİSİ İÇİN AMPİRİK BİR KANIT

Year 2015, Volume: 3 Issue: 2, 52 - 63, 07.06.2016

Murat Çetin , Fahri Şeker

Abstract

Bu çalışma, finansal gelişme ile gelir eşitsizliği arasındaki ilişkiyi araştırma amacı taşır. Ayrıca,
ekonomik büyüme ve ticari dışa açıklığı gelir eşitsizliğinin potansiyel belirleyicileri olarak ampirik modele dahil
eder. ARDL sınır testi eşbütünleşme yaklaşımı kullanılarak değişkenler arasında bir uzun dönem ilişkisi
bulunmuştur. Aynı zamanda finansal gelişme ile gelir eşitsizliği arasında negatif bir ilişki tespit edilmiştir. Bu,
finansal gelişmenin söz konusu dönemde gelir eşitsizliğini azalttığı anlamına gelir. Sonuçlar, vektör hata
düzeltme modeli (VHDM) yaklaşımı vasıtasıyla finansal gelişmeden gelir eşitsizliğine doğru işleyen bir uzun
dönem Granger nedenselliğini göstermektedir. Sonuçlar, Türkiye ekonomisi için bazı politika çıkarımları
sunabilmektedir. 

Keywords

Finansal gelişme, Gelir eşitsizliği, ARDL sınır testi, VHDM nedenselliği, Türkiye

THE IMPACT OF FINANCIAL DEVELOPMENT ON INCOME INEQUALITY: AN EMPIRICAL EVIDENCE FOR TURKISH ECONOMY

Abstract

This study aims at examining the relationship between financial development and income inequality in
case of Turkey. In addition, this study incorporates economic growth and trade openness to the empirical model
as potantial determinants of income inequality. Using ARDL bounds testing approach to cointegration, we find a
long run relationship between the variables. We also find a negative relationsip between financial development
and income inequality in the long run implying that financial devolopment decreases income inequality over the
period. The results show that there exists a long run Granger causality running from financial development to
income inequality by applying the VECM approach. The results can present important policy implications for
Turkish economy.

Keywords

Income inequality, financial development, ARDL bounds test, VECM causality, Turkey

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