Ters-U Hipotezi BağlamındaEkonomik Büyüme, Finansal Kalkınmave Gelir Eşitsizliği MekanizmalarıÜzerine

Yıl 2016, Sayı: 622, 61 - 77, 01.12.2016

Gönül YÜCE Akıncı Merter Akıncı

Öz

Bu çalışmada; ekonomik büyüme, finansal kalkınma ve gelir eşitsizliği arasındaki ilişkiler Ters-U Hipotezi bağlamında Türkiye ekonomisi 1960-2014 dönemi için incelenmiştir. Değişkenler arasındaki eşbütünleşme ilişkisinin belirlenebilmesi amacıyla Enders-Siklos eşbütünleşme analizi uygulanmış ve TAR ile M-TAR analiz bulguları, ilgili değişkenler arasında uzun dönemli ilişkilerin geçerli olduğunu ortaya koymuştur. Bunun yanı sıra, değişkenler arasındaki nedensellik ilişkileri TECM temelli Toda-Yamamoto nedensellik testi ile sınanmış ve beklentilerle uyumlu olan nedensellik ilişkilerinin varlığı kanıtlanmıştır. Nedensellik bulgularını destekleyen eşanlı denklem sistemi tahmin sonuçları, arz-önderliği hipotezinin geçerli olduğunu ve ekonomik büyüme sürecinin hızlanmasına paralel olarak gelir eşitsizliklerinin azaldığını göstermiştir. Genel olarak belirtmek gerekirse, Türkiye ekonomisinde Kuznets Ters-U Hipotezi’nin geçerli olduğu söylenebilir

Anahtar Kelimeler

Ekonomik Büyüme, Finansal Kalkınma, Gelir Eşitsizliği

On the Mechanics of Economic Growth, Financial Development and Income Inequality in the Context of Inverted-U Hypothesis

Öz

In this study, the relationship among economic growth, financial development and income inequality is examined in the context of Inverted-U Hypothesis in the period 1960-2014 in Turkish economy. Enders-Siklos cointegration analysis is applied to determine the cointegration relationship among the variables and the findings of the TAR and M-TAR analysis show the validity of long-run relationships among the variables. Besides, the causality nexus among the variables is tested using Toda-Yamamoto causality analysis based on TECM and the causal linkages among the variables are found that are compatible with the expectations. The results of the simultaneous equation system supporting the causality findings point out that supply-leading hypothesis is valid and income inequality declines in parallel with rising economic growth. In general, the validity of Kuznets Inverted-U Hypothesis can be said for Turkish economy

Anahtar Kelimeler

Economic Growth, Financial Development, Income Inequality, In

Kaynakça

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• Ek-1: Modelde Kullanılan Değişkenlerin İlgili Dönem İçerisindeki Hareketleri