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G7 ÜLKELERİ İÇİN GELİR EŞİTSİZLİĞİ VE FİNANSAL KÜRESELLEŞME ARASINDAKİ NEDENSELLİK İLİŞKİLERİ

Yıl 2021, Cilt: 13 Sayı: 25, 344 - 360, 31.07.2021
https://doi.org/10.14784/marufacd.975954

Öz

Bu çalışmanın temel amacı, 1970-2015 dönemi G7 ülkeleri için gelir eşitsizliği ve finansal küreselleşme arasındaki nedensellik ilişkilerini değerlendirmektir. Kónya (2006)’a ait bootstrap panel Granger nedensellik analizinden yararlanılmaktadır. Ampirik sonuçlar, çoğu G7 ülkesinde gelir eşitsizliği ve finansal küreselleşme arasında bir nedensellik ilişkisinin var olduğunu göstermektedir. Ayrıca, gelir vergisinin bu nedensellik ilişkisi üzerinde önemli bir role sahip olduğunu gösterilmektedir. Bu nedenle, gelir eşitsizliğini azaltmak için, politikacıların maliye politikası araçlarını kullanarak en yüksek gelire sahip olanlara yüksek vergiler uygulaması gerekmektedir.

Kaynakça

  • AGNELLO, L., MALLICK, S.K., & SOUSA, R.M. (2012). Financial reforms and income inequality. Economics Letters, 116(3), 583-587. DOI: 10.1016/j.econlet.2012.06.005
  • AKBAKAY, Z., & BARAK, D. (2020). Yükselen piyasalarda ekonomik küreselleşme ve gelir eşitsizliği ilişkisi. Uluslararası Yönetim İktisat ve İşletme Dergisi, 16(1), 17-34. DOI: 10.17130/ijmeb.700812
  • ALDERSON, A.S., BECKFIELD, J., & NIELSEN, F. (2005). Exactly how has income inequality changed? Patterns of distributional change in core societies. Luxembourg Income Study Working Paper Series, No. 422.
  • ASTERIOU, D., DIMELIS, S., & MOUDATSOU, A. (2014). Globalization and income inequality: A panel data econometric approach for the EU27 countries. Economic Modelling, 36, 592-599. DOI: 10.1016/j.econmod.2013.09.051
  • ATKINSON, A.B. (2000). The changing distribution of income: Evidence and explanations. German Economic Review, 1(1), 3-18. DOI: 10.1111/1468-0475.00002
  • ATKINSON, A.B. (2003). Income inequality in OECD countries: Data and explanations. Center for Economic Studies and Ifo Institute (CESifo) Working Paper, No. 881.
  • BAEK, I., & SHI, Q. (2016). Impact of economic globalization on income inequality: Developed economies vs emerging economies. Global Economy Journal, 16(1), 49-61. DOI: 10.1515/gej-2015-0047
  • BALAN, F., TORUN, M., & KILIC, C. (2015). Globalization and income inequality in G7: A bootstrap panel Granger causality analysis. International Journal of Economics and Finance, 7(10), 192-203.
  • BERGH, A., & NILSSON, T. (2010). Do liberalization and globalization increase income inequality? European Journal of political economy, 26(4), 488-505. DOI: 10.1016/j.ejpoleco.2010.03.002
  • BIEWEN, M., & JUHASZ, A. (2012). Understanding rising income inequality in Germany, 1999/2000–2005/2006. Review of Income and Wealth, 58(4), 622-647. DOI: 10.1111/j.1475-4991.2012.00514.x
  • BORDO, M.D., & MEISSNER, C.M. (2012). Does inequality lead to a financial crisis? Journal of International Money and Finance, 31(8), 2147-2161. DOI: 10.1016/j.jimonfin.2012.05.006
  • BREUSCH, T.S., & PAGAN, A.R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253. DOI: 10.2307/2297111
  • BUKHARI, M., & MUNIR, K. (2016). Impact of globalization on income inequality in selected Asian countries. Munich Personal RePEc Archive. MPRA Paper No. 74248.
  • BUMANN, S., & LENSINK, R. (2016). Capital account liberalization and income inequality. Journal of International Money and Finance, 61, 143-162. DOI: 10.1016/j.jimonfin.2015.10.004
  • CABRAL, R., GARCÍA-DÍAZ, R., & MOLLICK, A.V. (2016). Does globalization affect top income inequality? Journal of Policy Modeling, 38(5), 916-940. DOI: 10.1016/j.jpolmod.2016.05.001
  • ÇELIK, O. (2021). The Nexus Between Financial Globalization and Income Inequality: The Case of Emerging Market Economies. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 44, 339-355. DOI: 10.30794/pausbed.789689
  • ÇELIK, S., & BASDAS, U. (2010). How does globalization affect income inequality? A panel data analysis. International Advances in Economic Research, 16(4), 358-370. DOI: 10.1007/s11294-010-9281-0
  • CHANG, T., CHENG, S.C., PAN, G., & WU, T.P. (2013). Does globalization affect the insurance markets? Bootstrap panel Granger causality test. Economic Modelling, 33, 254-260. DOI: 10.1016/j.econmod.2013.04.008
  • CHU, H.P. (2012). Oil consumption and output: What causes what? Bootstrap panel causality for 49 countries. Energy Policy, 51, 907-915. DOI: 0.1016/j.enpol.2012.09.050
  • DAISAKA, H., FURUSAWA, T., & YANAGAWA, N. (2014). Globalization, financial development and income inequality. Pacific Economic Review, 19(5), 612-633. DOI: 10.1111/1468-0106.12086
  • DAS, M., & MOHAPATRA, S. (2003). Income inequality: the aftermath of stock market liberalization in emerging markets. Journal of Empirical Finance, 10(1-2), 217-248. DOI: 10.1016/S0927-5398(02)00025-7
  • DE HAAN, J., & STURM, J.E. (2017). Finance and income inequality: A review and new evidence. European Journal of Political Economy, 50, 171-195. DOI: 10.1016/j.ejpoleco.2017.04.007
  • DESTEK, M.A. (2018). Dimensions of globalization and income inequality in transition economies: taking into account cross-sectional dependence. Eastern Journal of European Studies, 9(2), 5-25.
  • DORN, F., FUEST, C., & POTRAFKE, N. (2018). Globalization and income inequality revisited. CESifo Working Paper No. 6859.
  • DUMITRESCU, E-I & HURLIN, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic Modelling, 29(4), 1450-1460. DOI: 10.1016/j.econmod.2012.02.014
  • ELMAWAZINI, K., SHARIF, A., MANGA, P., & DRUCKER, P. (2013). Trade globalization, financial globalization and inequality within south-east Europe and cis countries. The Journal of Developing Areas, 303-317.
  • FINE, D., MANYIKA, J., SJATIL, P.E., TACKE, T., TADJEDDINE, K., & DESMOND, M. (2019). Inequality: A persisting challenge and its implications. McKinsey Global Institute, Discussion Paper. June 2019.
  • FURCERI, D., & LOUNGANI, P. (2018). The distributional effects of capital account liberalization. Journal of Development Economics, 130, 127-144. DOI: 10.1016/j.jdeveco.2017.09.007
  • FURCERI, D., LOUNGANI, P., & OSTRY, J.D. (2019). The aggregate and distributional effects of financial globalization: Evidence from macro and sectoral data. Journal of Money, Credit and Banking, 51, 163-198. DOI: 10.1111/jmcb.12668
  • GU, X., & HUANG, B. (2014). Does inequality lead to a financial crisis? Revisited. Review of Development Economics, 18(3), 502-516. DOI: 10.1111/rode.12099
  • GYGLI, S., HAELG, F., POTRAFKE, N., & STURM, J.E. (2019). The KOF globalisation index–revisited. The Review of International Organizations, 14(3), 543-574. DOI: 10.1007/s11558-019-09344-2
  • HARRISON, B., & BLUESTONE, B. (1988). The great u-turn: Corporate restructuring and the polarizing of America. New York: Basic Books.
  • JAUMOTTE, F., LALL, S., & PAPAGEORGIOU, C. (2013). Rising income inequality: technology, or trade and financial globalization? IMF Economic Review, 61(2), 271-309. DOI: 10.1057/imfer.2013.7
  • KANG-KOOK, L. (2014). Globalization, income inequality and poverty: Theory and empirics. Social System Studies, 28, 109-134.
  • KEELEY, B. (2015a). What's happening to income inequality? In: Income Inequality: The Gap between Rich and Poor, Paris: OECD Publishing. DOI: DOI: 10.1787/9789264246010-4-en
  • KEELEY, B. (2015b). Why is income inequality rising? In: Income Inequality: The Gap between Rich and Poor, Paris: OECD Publishing. DOI: 10.1787/9789264246010-5-en
  • KHAN, H., SHEHZAD, C.T., & AHMAD, F. (2019). Temporal effects of financial globalization on income inequality. DOI: 10.2139/ssrn.3509061
  • KIRSCHENMANN, K., MALINEN, T., & NYBERG, H. (2016). The risk of financial crises: Is there a role for income inequality? Journal of International Money and Finance, 68, 161-180. DOI: 10.1016/j.jimonfin.2016.07.010
  • KÓNYA, L. (2006). Exports and growth: Granger causality analysis on OECD countries with a panel data approach. Economic Modelling, 23(6), 978-992. DOI: 10.1016/j.econmod.2006.04.008
  • KUMHOF, M., RANCIÈRE, R., & WINANT, P. (2015). Inequality, leverage, and crises. American Economic Review, 105(3), 1217-1245. DOI: 10.1257/aer.20110683
  • KUNIEDA, T., OKADA, K., & SHIBATA, A. (2014). Finance and inequality: How does globalization change their relationship? Macroeconomic Dynamics, 18(5), 1091-1128. DOI: 10.1017/S1365100512000843
  • KUZNETS, S. [1955] 1965. Economic growth and income inequality. In: Economic growth and structure. New York: Norton.
  • LEE, J.E. (2006). Inequality and globalization in Europe. Journal of Policy Modeling, 28(7), 791-796. DOI: 10.1016/j.jpolmod.2006.04.013
  • LEE, W.C., Cheong, T.S., Wu, Y., & Wu, J. (2019). The impacts of financial development, urbanization, and globalization on income inequality: A regression-based decomposition approach. Asian Economic Papers, 18(2), 126-141. DOI: 10.1162/asep_a_00703
  • OECD (2011). An overview of growing income inequalities in OECD countries: Main findings. In: Divided we stand: Why inequality keeps rising, Paris: OECD Publishing, DOI: 10.1787/9789264119536-en
  • PERUGINI, C., HÖLSCHER, J., & COLLIE, S. (2016). Inequality, credit and financial crises. Cambridge Journal of Economics, 40(1), 227-257. DOI: 10.1093/cje/beu075
  • PESARAN, M.H. (2004). General diagnostic tests for cross section dependence in panels. IZA Discussion Paper No. 1240.
  • PESARAN, M.H., & YAMAGATA, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50-93. DOI: 10.1016/j.jeconom.2007.05.010
  • PESARAN, M.H., ULLAH, A., & YAMAGATA, T. (2008). A bias‐adjusted LM test of error cross‐section independence. The Econometrics Journal, 11(1), 105-127. DOI: 10.1111/j.1368-423X.2007.00227.x
  • QUINTANO, C., CASTELLANO, R., & REGOLI, A. (2009). Evolution and decomposition of income inequality in Italy, 1991–2004. Statistical Methods and Applications, 18(3), 419-443. DOI: 10.1007/s10260-008-0101-0
  • RAJAN, R.G. (2010). Fault lines: How hidden fractures still threaten the world economy. New Jersey: Princeton University Press.
  • SCHMID, K., & STEIN, U. (2013). Explaining rising income inequality in Germany, 1991-2010. SOEP Paper No. 592.
  • SOLT, F. (2019). Measuring income inequality across countries and over time: The standardized world income inequality database. SWIID Version 8.2, November 2019.
  • STOCKHAMMER, E. (2015). Rising inequality as a cause of the present crisis. Cambridge Journal of Economics, 39(3), 935-958. DOI: 10.1093/cje/bet052
  • SWAMY, P.A. (1970). Efficient inference in a random coefficient regression model. Econometrica: Journal of the Econometric Society, 311-323. DOI: 10.2307/1913012
  • UNDP (2013). Humanity divided: Confronting inequality in developing countries. New York: UNDP.
  • VAN TREECK, T. (2014). Did inequality cause the US financial crisis? Journal of Economic Surveys, 28(3), 421-448. DOI: 10.1111/joes.12028
  • WOLDE-RUFAEL, Y. (2014). Electricity consumption and economic growth in transition countries: A revisit using bootstrap panel Granger causality analysis. Energy Economics, 44, 325-330. DOI: 10.1016/j.eneco.2014.04.019
  • KOF, https://kof.ethz.ch/en/forecasts-and-indicators/indicators/kof-globalisation-index.html (Accessed 15 April 2020).
  • SWIID, https://dataverse.harvard.edu/dataset.xhtml?persistentId=doi:10.7910/DVN/LM4OWF (Accessed 15 April 2020).

CAUSALITY LINKAGES BETWEEN INCOME INEQUALITY AND FINANCIAL GLOBALIZATION FOR G7 COUNTRIES

Yıl 2021, Cilt: 13 Sayı: 25, 344 - 360, 31.07.2021
https://doi.org/10.14784/marufacd.975954

Öz

The main aim of this study is to evaluate the causality linkages between income inequality and financial globalization for G7 countries over the period 1970-2015. The bootstrap panel Granger causality analysis by Kónya (2006) is used. The empirical results indicate that there is a causality linkage between income inequality and financial globalization in most of the G7 countries. Furthermore, it is shown that income tax has a significant role on the causality linkage. Hence, in order to reduce income inequality, policy makers should apply high taxes on top income, using fiscal policy instruments

Kaynakça

  • AGNELLO, L., MALLICK, S.K., & SOUSA, R.M. (2012). Financial reforms and income inequality. Economics Letters, 116(3), 583-587. DOI: 10.1016/j.econlet.2012.06.005
  • AKBAKAY, Z., & BARAK, D. (2020). Yükselen piyasalarda ekonomik küreselleşme ve gelir eşitsizliği ilişkisi. Uluslararası Yönetim İktisat ve İşletme Dergisi, 16(1), 17-34. DOI: 10.17130/ijmeb.700812
  • ALDERSON, A.S., BECKFIELD, J., & NIELSEN, F. (2005). Exactly how has income inequality changed? Patterns of distributional change in core societies. Luxembourg Income Study Working Paper Series, No. 422.
  • ASTERIOU, D., DIMELIS, S., & MOUDATSOU, A. (2014). Globalization and income inequality: A panel data econometric approach for the EU27 countries. Economic Modelling, 36, 592-599. DOI: 10.1016/j.econmod.2013.09.051
  • ATKINSON, A.B. (2000). The changing distribution of income: Evidence and explanations. German Economic Review, 1(1), 3-18. DOI: 10.1111/1468-0475.00002
  • ATKINSON, A.B. (2003). Income inequality in OECD countries: Data and explanations. Center for Economic Studies and Ifo Institute (CESifo) Working Paper, No. 881.
  • BAEK, I., & SHI, Q. (2016). Impact of economic globalization on income inequality: Developed economies vs emerging economies. Global Economy Journal, 16(1), 49-61. DOI: 10.1515/gej-2015-0047
  • BALAN, F., TORUN, M., & KILIC, C. (2015). Globalization and income inequality in G7: A bootstrap panel Granger causality analysis. International Journal of Economics and Finance, 7(10), 192-203.
  • BERGH, A., & NILSSON, T. (2010). Do liberalization and globalization increase income inequality? European Journal of political economy, 26(4), 488-505. DOI: 10.1016/j.ejpoleco.2010.03.002
  • BIEWEN, M., & JUHASZ, A. (2012). Understanding rising income inequality in Germany, 1999/2000–2005/2006. Review of Income and Wealth, 58(4), 622-647. DOI: 10.1111/j.1475-4991.2012.00514.x
  • BORDO, M.D., & MEISSNER, C.M. (2012). Does inequality lead to a financial crisis? Journal of International Money and Finance, 31(8), 2147-2161. DOI: 10.1016/j.jimonfin.2012.05.006
  • BREUSCH, T.S., & PAGAN, A.R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253. DOI: 10.2307/2297111
  • BUKHARI, M., & MUNIR, K. (2016). Impact of globalization on income inequality in selected Asian countries. Munich Personal RePEc Archive. MPRA Paper No. 74248.
  • BUMANN, S., & LENSINK, R. (2016). Capital account liberalization and income inequality. Journal of International Money and Finance, 61, 143-162. DOI: 10.1016/j.jimonfin.2015.10.004
  • CABRAL, R., GARCÍA-DÍAZ, R., & MOLLICK, A.V. (2016). Does globalization affect top income inequality? Journal of Policy Modeling, 38(5), 916-940. DOI: 10.1016/j.jpolmod.2016.05.001
  • ÇELIK, O. (2021). The Nexus Between Financial Globalization and Income Inequality: The Case of Emerging Market Economies. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 44, 339-355. DOI: 10.30794/pausbed.789689
  • ÇELIK, S., & BASDAS, U. (2010). How does globalization affect income inequality? A panel data analysis. International Advances in Economic Research, 16(4), 358-370. DOI: 10.1007/s11294-010-9281-0
  • CHANG, T., CHENG, S.C., PAN, G., & WU, T.P. (2013). Does globalization affect the insurance markets? Bootstrap panel Granger causality test. Economic Modelling, 33, 254-260. DOI: 10.1016/j.econmod.2013.04.008
  • CHU, H.P. (2012). Oil consumption and output: What causes what? Bootstrap panel causality for 49 countries. Energy Policy, 51, 907-915. DOI: 0.1016/j.enpol.2012.09.050
  • DAISAKA, H., FURUSAWA, T., & YANAGAWA, N. (2014). Globalization, financial development and income inequality. Pacific Economic Review, 19(5), 612-633. DOI: 10.1111/1468-0106.12086
  • DAS, M., & MOHAPATRA, S. (2003). Income inequality: the aftermath of stock market liberalization in emerging markets. Journal of Empirical Finance, 10(1-2), 217-248. DOI: 10.1016/S0927-5398(02)00025-7
  • DE HAAN, J., & STURM, J.E. (2017). Finance and income inequality: A review and new evidence. European Journal of Political Economy, 50, 171-195. DOI: 10.1016/j.ejpoleco.2017.04.007
  • DESTEK, M.A. (2018). Dimensions of globalization and income inequality in transition economies: taking into account cross-sectional dependence. Eastern Journal of European Studies, 9(2), 5-25.
  • DORN, F., FUEST, C., & POTRAFKE, N. (2018). Globalization and income inequality revisited. CESifo Working Paper No. 6859.
  • DUMITRESCU, E-I & HURLIN, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic Modelling, 29(4), 1450-1460. DOI: 10.1016/j.econmod.2012.02.014
  • ELMAWAZINI, K., SHARIF, A., MANGA, P., & DRUCKER, P. (2013). Trade globalization, financial globalization and inequality within south-east Europe and cis countries. The Journal of Developing Areas, 303-317.
  • FINE, D., MANYIKA, J., SJATIL, P.E., TACKE, T., TADJEDDINE, K., & DESMOND, M. (2019). Inequality: A persisting challenge and its implications. McKinsey Global Institute, Discussion Paper. June 2019.
  • FURCERI, D., & LOUNGANI, P. (2018). The distributional effects of capital account liberalization. Journal of Development Economics, 130, 127-144. DOI: 10.1016/j.jdeveco.2017.09.007
  • FURCERI, D., LOUNGANI, P., & OSTRY, J.D. (2019). The aggregate and distributional effects of financial globalization: Evidence from macro and sectoral data. Journal of Money, Credit and Banking, 51, 163-198. DOI: 10.1111/jmcb.12668
  • GU, X., & HUANG, B. (2014). Does inequality lead to a financial crisis? Revisited. Review of Development Economics, 18(3), 502-516. DOI: 10.1111/rode.12099
  • GYGLI, S., HAELG, F., POTRAFKE, N., & STURM, J.E. (2019). The KOF globalisation index–revisited. The Review of International Organizations, 14(3), 543-574. DOI: 10.1007/s11558-019-09344-2
  • HARRISON, B., & BLUESTONE, B. (1988). The great u-turn: Corporate restructuring and the polarizing of America. New York: Basic Books.
  • JAUMOTTE, F., LALL, S., & PAPAGEORGIOU, C. (2013). Rising income inequality: technology, or trade and financial globalization? IMF Economic Review, 61(2), 271-309. DOI: 10.1057/imfer.2013.7
  • KANG-KOOK, L. (2014). Globalization, income inequality and poverty: Theory and empirics. Social System Studies, 28, 109-134.
  • KEELEY, B. (2015a). What's happening to income inequality? In: Income Inequality: The Gap between Rich and Poor, Paris: OECD Publishing. DOI: DOI: 10.1787/9789264246010-4-en
  • KEELEY, B. (2015b). Why is income inequality rising? In: Income Inequality: The Gap between Rich and Poor, Paris: OECD Publishing. DOI: 10.1787/9789264246010-5-en
  • KHAN, H., SHEHZAD, C.T., & AHMAD, F. (2019). Temporal effects of financial globalization on income inequality. DOI: 10.2139/ssrn.3509061
  • KIRSCHENMANN, K., MALINEN, T., & NYBERG, H. (2016). The risk of financial crises: Is there a role for income inequality? Journal of International Money and Finance, 68, 161-180. DOI: 10.1016/j.jimonfin.2016.07.010
  • KÓNYA, L. (2006). Exports and growth: Granger causality analysis on OECD countries with a panel data approach. Economic Modelling, 23(6), 978-992. DOI: 10.1016/j.econmod.2006.04.008
  • KUMHOF, M., RANCIÈRE, R., & WINANT, P. (2015). Inequality, leverage, and crises. American Economic Review, 105(3), 1217-1245. DOI: 10.1257/aer.20110683
  • KUNIEDA, T., OKADA, K., & SHIBATA, A. (2014). Finance and inequality: How does globalization change their relationship? Macroeconomic Dynamics, 18(5), 1091-1128. DOI: 10.1017/S1365100512000843
  • KUZNETS, S. [1955] 1965. Economic growth and income inequality. In: Economic growth and structure. New York: Norton.
  • LEE, J.E. (2006). Inequality and globalization in Europe. Journal of Policy Modeling, 28(7), 791-796. DOI: 10.1016/j.jpolmod.2006.04.013
  • LEE, W.C., Cheong, T.S., Wu, Y., & Wu, J. (2019). The impacts of financial development, urbanization, and globalization on income inequality: A regression-based decomposition approach. Asian Economic Papers, 18(2), 126-141. DOI: 10.1162/asep_a_00703
  • OECD (2011). An overview of growing income inequalities in OECD countries: Main findings. In: Divided we stand: Why inequality keeps rising, Paris: OECD Publishing, DOI: 10.1787/9789264119536-en
  • PERUGINI, C., HÖLSCHER, J., & COLLIE, S. (2016). Inequality, credit and financial crises. Cambridge Journal of Economics, 40(1), 227-257. DOI: 10.1093/cje/beu075
  • PESARAN, M.H. (2004). General diagnostic tests for cross section dependence in panels. IZA Discussion Paper No. 1240.
  • PESARAN, M.H., & YAMAGATA, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50-93. DOI: 10.1016/j.jeconom.2007.05.010
  • PESARAN, M.H., ULLAH, A., & YAMAGATA, T. (2008). A bias‐adjusted LM test of error cross‐section independence. The Econometrics Journal, 11(1), 105-127. DOI: 10.1111/j.1368-423X.2007.00227.x
  • QUINTANO, C., CASTELLANO, R., & REGOLI, A. (2009). Evolution and decomposition of income inequality in Italy, 1991–2004. Statistical Methods and Applications, 18(3), 419-443. DOI: 10.1007/s10260-008-0101-0
  • RAJAN, R.G. (2010). Fault lines: How hidden fractures still threaten the world economy. New Jersey: Princeton University Press.
  • SCHMID, K., & STEIN, U. (2013). Explaining rising income inequality in Germany, 1991-2010. SOEP Paper No. 592.
  • SOLT, F. (2019). Measuring income inequality across countries and over time: The standardized world income inequality database. SWIID Version 8.2, November 2019.
  • STOCKHAMMER, E. (2015). Rising inequality as a cause of the present crisis. Cambridge Journal of Economics, 39(3), 935-958. DOI: 10.1093/cje/bet052
  • SWAMY, P.A. (1970). Efficient inference in a random coefficient regression model. Econometrica: Journal of the Econometric Society, 311-323. DOI: 10.2307/1913012
  • UNDP (2013). Humanity divided: Confronting inequality in developing countries. New York: UNDP.
  • VAN TREECK, T. (2014). Did inequality cause the US financial crisis? Journal of Economic Surveys, 28(3), 421-448. DOI: 10.1111/joes.12028
  • WOLDE-RUFAEL, Y. (2014). Electricity consumption and economic growth in transition countries: A revisit using bootstrap panel Granger causality analysis. Energy Economics, 44, 325-330. DOI: 10.1016/j.eneco.2014.04.019
  • KOF, https://kof.ethz.ch/en/forecasts-and-indicators/indicators/kof-globalisation-index.html (Accessed 15 April 2020).
  • SWIID, https://dataverse.harvard.edu/dataset.xhtml?persistentId=doi:10.7910/DVN/LM4OWF (Accessed 15 April 2020).
Toplam 60 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Orkun Çelik Bu kişi benim 0000-0002-8594-6852

Yayımlanma Tarihi 31 Temmuz 2021
Gönderilme Tarihi 7 Mayıs 2020
Yayımlandığı Sayı Yıl 2021 Cilt: 13 Sayı: 25

Kaynak Göster

APA Çelik, O. (2021). CAUSALITY LINKAGES BETWEEN INCOME INEQUALITY AND FINANCIAL GLOBALIZATION FOR G7 COUNTRIES. Finansal Araştırmalar Ve Çalışmalar Dergisi, 13(25), 344-360. https://doi.org/10.14784/marufacd.975954