Gelişmiş Ülkelerde Finansal Gelişme ve Gelir Eşitsizliği İlişkisi

Year 2018, Issue: 15, 299 - 322, 01.07.2018

Dilek Şahin

Abstract

Bu çalışmada, 15 gelişmiş ülkede 1995-2014 dönemleri arasında finansal gelişme, ticari açıklık ve ekonomik büyümenin gelir eşitsizliği üzerindeki etkisi analiz edilmiştir. Analizde yatay kesit bağımlılığını göz önünde bulunduran yeni nesil panel veri yöntemleri kullanılmıştır. Çalışmada, ilk olarak değişkenlerde ve modelde yatay kesit bağımlılığının olup olmadığı araştırılmıştır. Daha sonra homojenlik testi uygulanmıştır. Serilerin durağanlık koşulu CADF birim kök testiyle incelenmiştir. Değişkenler arasındaki uzun dönemli ilişki Westerlund ve Edgerton 2007 testiyle analiz edilmiştir. Panel eşbütünleşme testi sonucunda, finansal gelişme, ticari açıklık, ekonomik büyüme ve gelir eşitsizliği arasında uzun dönemli ilişki olduğu görülmüştür. Dumitrescu-Hurlin Granger nedensellik testinde; finansal gelişmeden gelir eşitsizliğine doğru tek yönlü nedensellik ilişkisi olduğu görülmüştür. Ekonomik büyüme, ticari açıklık ile gelir eşitsizliği arasında herhangi bir nedensellik ilişkisine rastlanılmamıştır.

Keywords

Gelişmiş ülkeler, finansal gelişme, ticari açıklık, ekonomik büyüme, gelir eşitsizliği.

The Relation between Financial Development and Income Inequality in Developed Countries

Abstract

In this study, the impact of financial development, trade openness and on income inequality was analyzed from 1995-2014 for 15 developed coeconomic growthuntries. In the analysis, new generation panel data methods are used considering horizontal section dependency. In the study, first, it was investigated whether there is a horizontal section dependency in variables and model. Then a homogeneity test was applied. The series of stationarity was investigated by the CADF unit root test. The long-run relationship between variables was analyzed by Westerlund and Edgerton 2007 cointegration test. As a result of panel cointegration tests it is concluded that there is a cointegration relationship between financial development, trade openness, economic growth and income inequality. It is seen that there is a one-way causality relationship from financial development to income inequality in Dumitrescu-Hurlin Granger Causality Test. There is no causal relationship between economic growth, trade openness and income inequality.

Keywords

Developed countries, financial development, trade openness, economic growth, income inequality.

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