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Gelişmiş Ülkelerde Finansal Gelişme ve Gelir Eşitsizliği İlişkisi

Yıl 2018, Sayı: 15, 299 - 322, 01.07.2018

Öz

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.

Kaynakça

  • Acar, İlhan, “Türkiye’de Gelir Dağılımı”. Emek ve Toplum Dergisi. 4(8), 2015,s. 43-59.
  • Ahmed, Azleen, Masih, Mansur, “What is the Link Between Financial Development and Income Inequality? Evidence from Malaysia”. MPRA, No: 79416, 2017, s.1-27.
  • Argun, Adalet, “Gelişmekte Olan Ülkelerde Finansal Gelişme ve Gelir Eşitsizliği”. İstanbul Üniversitesi Sosyal Bilimler Dergisi, 1, 2016,s. 61-74.
  • Batuo, Michael, Guidi, Francesco, Mlambo, Kupukile, “Financial Deve- lopment and Income Inequality: Evidence from African Count- ries”. MPRA, 2010, s.1-27.
  • Destek, Mehmet Akif, Okumuş, İlyas, Manga, Müge, “Türkiye’de Finansal Gelişim ve Gelir Dağılımı İlişkisi: Finansal Kuznets Eğri- si”. Doğuş Üniversitesi Dergisi, 18(2), 2017, s. 153-165.
  • Dumitrescu, Elena-Ivona, Hurlin,Christophe, “Testing for Granger Non-Causality in Heterogeneous Panels”. Economic Modelling, 29(4), 2012, s.1450-1460.
  • Haan, Jakob, Sturn, Egbert, “Finance and Income Inequality: A Review and New Evidence”. DNB Working Paper, No:530, 2016, s. 1-43.
  • Hoi, Chu; Hoi, Le Quoc, “Financial Development and Income Inequa- lity in Vietnam: An Empirical Analysis”. Journal of Economics and Development, 14(2), 2012, s.5-25.
  • Jaunch, Sebastian, Watzka, Sebastian, “Financial Development and Income Inequality: A Panel Data Approach”. 2012, s.1-47. http://fsaraceno.free.fr/INEQ/jauch_watzka.pdf.
  • Levine, Ross, “Financial Development and Economic Growth: Views and Agenda”. Journal of Economic Literature. 35, 1997, s. 688- 726.
  • Pesaran, M. Hashem, “A Simple Panel Unit Root Test in the Presence of Cross-Section Dependence.” Journal of Applied Econometrics, 22, 2007, s. 365-312.
  • Pesaran, M.Hashem, Yamagata, Takashi, “Testing Slope Homogene- ity in Large Panels.” Journal of Econometrics, 142, 2008, s.50-93.
  • Pesaran, M.Hashem, Ullah, Aaman, Yamagata, Takashi, “A Bias- Adjusted LM Test of Error Cross-Section Independence”. Eco- nometrics Journal, 11, 2008, s.105-127.
  • Satti, Saqlain, Mahalik, Mantu, Bhattacharya, Mita, Shahbaz, Muham- mad, “Dynamics of Income Inequality, Finance and Trade in Ka- zakhstan: Empirical Evidence from a New Transition Economy with Policy Prescriptions”. Monash Business School, 36(15), 2015, s. 1-40.
  • Sehrawat, Madhu, Giri, A..K, “Panel Data Analysis of Financial Deve- lopment, Economic Growth and Rural-Urban Income Inequality: Evidence from SAARC Countries". International Journal of Social Economics, 43(10), (2016a), s.998-1015.
  • Sehrawat, Madhu, Giri, A.K, “Financial Development, Poverty and Rural-Urban Income Inequality: Evidence from South Asian Co- untries”. Quality and Quality, 50(2), (2016b), s. 577-590.
  • Shahbaz, Muhammad, Islam, Faridul, “Financial Development and Income Inequality in Pakistan: An Application of ARDL Appro- ach”. MPRA, No: 28222, 2011, s.1-20.
  • Shahbaz, Muhammad, Loganathan, Nanthakumar, Tiwari, Aviral, Jahromi, Reza Sherafatian, “Financial Development and Income Inequality: Is There Any Financial Kuznets Curve in Iran?”, Springer, 2014, s.1-27.
  • Shahbaz, Muhammad, Lean, Hooi, “Does Financial Development Increase Energy Consumption? The Role of Industrialization and Urbanization in Tunisia”. Energy Policy, 40, 2012, s.473-479.
  • Tita, Anthanasius, Aziakpono, Meshach, “Financial Development and Income Inequality in Africa: A Panel Heterogeneous Approach”. ERSA Working Paper, 2016, s.1-27.
  • Topuz, Seher, Dağdemir, Özcan, “Finansal Gelişme ve Gelir Eşitsizli- ği: Bir Panel Veri Analizi”. Anadolu Üniversitesi Sosyal Bilimler Dergisi, 16(3), 2016, s.19-34.
  • Younsi, Moheddine, Bechtini, Marwa, “Economic Growth, Financial Development and Income Inequality in BRICS Countries: Eviden- ce from Panel Granger Causality Tests”. MPRA, 2018, s.1-15.
  • Zhang, Quanda, Chen, Rongda, “Financial Development and Income Inequality in China: An Application of SVAR Approach”. Proce- dia Computer Science, 55, 2015, s.774-781.
  • Westerlund, Joakim, Edgerton, David, “A Panel Boostrap Cointegra- tion Test.” Economic Letters, 97, 2007, s. 185-190.

The Relation between Financial Development and Income Inequality in Developed Countries

Yıl 2018, Sayı: 15, 299 - 322, 01.07.2018

Öz

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.

Kaynakça

  • Acar, İlhan, “Türkiye’de Gelir Dağılımı”. Emek ve Toplum Dergisi. 4(8), 2015,s. 43-59.
  • Ahmed, Azleen, Masih, Mansur, “What is the Link Between Financial Development and Income Inequality? Evidence from Malaysia”. MPRA, No: 79416, 2017, s.1-27.
  • Argun, Adalet, “Gelişmekte Olan Ülkelerde Finansal Gelişme ve Gelir Eşitsizliği”. İstanbul Üniversitesi Sosyal Bilimler Dergisi, 1, 2016,s. 61-74.
  • Batuo, Michael, Guidi, Francesco, Mlambo, Kupukile, “Financial Deve- lopment and Income Inequality: Evidence from African Count- ries”. MPRA, 2010, s.1-27.
  • Destek, Mehmet Akif, Okumuş, İlyas, Manga, Müge, “Türkiye’de Finansal Gelişim ve Gelir Dağılımı İlişkisi: Finansal Kuznets Eğri- si”. Doğuş Üniversitesi Dergisi, 18(2), 2017, s. 153-165.
  • Dumitrescu, Elena-Ivona, Hurlin,Christophe, “Testing for Granger Non-Causality in Heterogeneous Panels”. Economic Modelling, 29(4), 2012, s.1450-1460.
  • Haan, Jakob, Sturn, Egbert, “Finance and Income Inequality: A Review and New Evidence”. DNB Working Paper, No:530, 2016, s. 1-43.
  • Hoi, Chu; Hoi, Le Quoc, “Financial Development and Income Inequa- lity in Vietnam: An Empirical Analysis”. Journal of Economics and Development, 14(2), 2012, s.5-25.
  • Jaunch, Sebastian, Watzka, Sebastian, “Financial Development and Income Inequality: A Panel Data Approach”. 2012, s.1-47. http://fsaraceno.free.fr/INEQ/jauch_watzka.pdf.
  • Levine, Ross, “Financial Development and Economic Growth: Views and Agenda”. Journal of Economic Literature. 35, 1997, s. 688- 726.
  • Pesaran, M. Hashem, “A Simple Panel Unit Root Test in the Presence of Cross-Section Dependence.” Journal of Applied Econometrics, 22, 2007, s. 365-312.
  • Pesaran, M.Hashem, Yamagata, Takashi, “Testing Slope Homogene- ity in Large Panels.” Journal of Econometrics, 142, 2008, s.50-93.
  • Pesaran, M.Hashem, Ullah, Aaman, Yamagata, Takashi, “A Bias- Adjusted LM Test of Error Cross-Section Independence”. Eco- nometrics Journal, 11, 2008, s.105-127.
  • Satti, Saqlain, Mahalik, Mantu, Bhattacharya, Mita, Shahbaz, Muham- mad, “Dynamics of Income Inequality, Finance and Trade in Ka- zakhstan: Empirical Evidence from a New Transition Economy with Policy Prescriptions”. Monash Business School, 36(15), 2015, s. 1-40.
  • Sehrawat, Madhu, Giri, A..K, “Panel Data Analysis of Financial Deve- lopment, Economic Growth and Rural-Urban Income Inequality: Evidence from SAARC Countries". International Journal of Social Economics, 43(10), (2016a), s.998-1015.
  • Sehrawat, Madhu, Giri, A.K, “Financial Development, Poverty and Rural-Urban Income Inequality: Evidence from South Asian Co- untries”. Quality and Quality, 50(2), (2016b), s. 577-590.
  • Shahbaz, Muhammad, Islam, Faridul, “Financial Development and Income Inequality in Pakistan: An Application of ARDL Appro- ach”. MPRA, No: 28222, 2011, s.1-20.
  • Shahbaz, Muhammad, Loganathan, Nanthakumar, Tiwari, Aviral, Jahromi, Reza Sherafatian, “Financial Development and Income Inequality: Is There Any Financial Kuznets Curve in Iran?”, Springer, 2014, s.1-27.
  • Shahbaz, Muhammad, Lean, Hooi, “Does Financial Development Increase Energy Consumption? The Role of Industrialization and Urbanization in Tunisia”. Energy Policy, 40, 2012, s.473-479.
  • Tita, Anthanasius, Aziakpono, Meshach, “Financial Development and Income Inequality in Africa: A Panel Heterogeneous Approach”. ERSA Working Paper, 2016, s.1-27.
  • Topuz, Seher, Dağdemir, Özcan, “Finansal Gelişme ve Gelir Eşitsizli- ği: Bir Panel Veri Analizi”. Anadolu Üniversitesi Sosyal Bilimler Dergisi, 16(3), 2016, s.19-34.
  • Younsi, Moheddine, Bechtini, Marwa, “Economic Growth, Financial Development and Income Inequality in BRICS Countries: Eviden- ce from Panel Granger Causality Tests”. MPRA, 2018, s.1-15.
  • Zhang, Quanda, Chen, Rongda, “Financial Development and Income Inequality in China: An Application of SVAR Approach”. Proce- dia Computer Science, 55, 2015, s.774-781.
  • Westerlund, Joakim, Edgerton, David, “A Panel Boostrap Cointegra- tion Test.” Economic Letters, 97, 2007, s. 185-190.
Toplam 24 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Araştırma Makalesi
Yazarlar

Dilek Şahin Bu kişi benim

Yayımlanma Tarihi 1 Temmuz 2018
Yayımlandığı Sayı Yıl 2018 Sayı: 15

Kaynak Göster

APA Şahin, D. (2018). Gelişmiş Ülkelerde Finansal Gelişme ve Gelir Eşitsizliği İlişkisi. Iğdır Üniversitesi Sosyal Bilimler Dergisi(15), 299-322.