PUBLIC DEBT AND INCOME INEQUALITY IN TURKEY

Yıl 2019, Cilt: 3 Sayı: 2, 91 - 109, 27.10.2019

Fatma Pınar Arslan

Öz

Public debt can affect the income distribution in different directions, depending on how the debt is used. The interest payments by public sector can also have impacts on income distribution. Public domestic borrowing in Turkey decreased since 2000s. This study informs about the public debt in Turkey in 2000s. The developments related to income distribution are analysed using income decomposition method and the related data. It is found that decreasing borrowing demand of public sector and decreasing real interest rate occurred simultaneously with decreasing financial income of households and this can have an improving effect on income distribution.

Anahtar Kelimeler

Income Distribution, Public Investment, Public Debt

Kaynakça

• Alvaredo, F., Chancel, L., Piketty, T., Saez, E., & Zucman, G. (2017). The elephant curve of global inequality and growth. WID.World Working Paper N° 2017/20, 42.
• Başlevent, A. T. C. (2014). Social Transfers and Income Inequality in Turkey: How Informative Is the Survey of Income and Living Conditions? Ekonomi-Tek – International Economics Journal, 3(3), 23–42.
• BRSA. (2018). Turkish Banking Sector Interactive Monetary Bulletin. Retrieved from http://ebulten.bddk. org.tr/ABMVC/en/Gosterim/Gelismis
• Bükey, A. M., & Çetin, B. I. (2017). Türkiye’de Gelir Dağılımına Etki Eden Faktörlerin En Küçük Kareler Yöntemi ile Analizi. Maliye Araştırmaları Dergisi, 3(1). Retrieved from http://maliyearastirmalari.org/index.php/MAD/article/view/66
• Deaton, A. (1997). The Analysis of Household Surveys: A Microeconometric Approach to Development Policy. World Bank Publications.
• D’Erasmo, P., & Mendoza, E. G. (2016). Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default. Journal of the European Economic Association, 14(1), 7–44.
• Fräßdorf, A., Grabka, M. M., & Schwarze, J. (2011). The impact of household capital income on income inequality—a factor decomposition analysis for the UK, Germany and the USA. The Journal of Economic Inequality, 9(1), 35–56. https://doi.org/10.1007/s10888.009.9125-4
• Ministry of Development. (2018). Public Sector General Balance (Spo Definition). Retrieved from http:// www.mod.gov.tr/Pages/PublicSectorGeneralBalance.aspx
• OECD. (2018). What are Equivalence Scales? Retrieved from http://www.oecd.org/eco/growth/OECDNote- EquivalenceScales.pdf
• Salti, N. (2015). Income inequality and the composition of public debt. Journal of Economic Studies, 42(5), 821–837. https://doi.org/10.1108/JES-01-2014-0015
• Sefil-Tansever, S. (2017). Income Distribution in Turkey during the Global Financial Crisis. Research in Applied Economics, 9(3), 91. https://doi.org/10.5296/rae.v9i3.11709
• Shorrocks, A. F. (1982). Inequality Decomposition by Factor Components. Econometrica, 50(1), 193. https://doi.org/10.2307/1912537
• TURKSTAT. (2018a). Main Statistics. Retrieved from http://www.turkstat.gov.tr/UstMenu. do?metod=temelist
• TURKSTAT. (2018b). Survey on Income and Living Conditions (SILC) 2006 – 2016. Undersecretariat of Treasury. (2018). Public Finance Statistics. Republic of Turkey Prime Ministry Undersecretariat of Treasury. Retrieved from https://www.treasury.gov.tr/public-finance-statistics