Finansal Gelişme ve Gelir Eşitsizliği İlişkisinin Finansal Olarak Gelişmiş ve Gelişmemiş Ülkeler Açısından Yeniden Değerlendirilmesi

Abstract

Bu çalışma, için finansal gelişme ve gelir eşitsizliği arasındaki ilişkiyi 2000-2014 döneminde 52 ülke için araştırmaktadır. Demirgüç-Kunt ve Levine (2001) tarafından yapılan sınıflandırmaya göre 32 ülke finansal olarak az gelişmiş, 20 ülke ise finansal olarak gelişmiş olarak belirlenmiştir. Sonuçlara göre, finansal olarak gelişmemiş ülkelerde Greenwood ve Jovanovic (1990) tarafından ortaya konulan ters-U hipotezi doğrulanırken, finansal olarak gelişmiş ülkelerde ise U-biçimli ilişkiye ulaşılmıştır.

Keywords

• Finansal Gelişme
• Gelir Eşitsizliği
• Sistem GMM

Reassessment of Financial Development and Income Inequality Relationship in Terms of Financially Developed and Underdeveloped Countries

Abstract

This paper investigates the relationship between financial development and income inequality for 52 countries over the period 2000-2014. 32 countries are determined as financially underdeveloped while 20 countries are determined as financially developed based on the classification made by Demirguc-Kunt and Levine(2001). According to the results, the inverted-U hypothesis suggested by Greenwood and Jovanovic(1990) is confirmed for financially underdeveloped countries while the U-shaped relationship is true for the case of financially developed countries.

Keywords

• Financial Development
• Income Inequality
• System GMM

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