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The Effect of Regime on the Economic Growth and the Income Inequality

Cilt: 18 Sayı: Yönetim ve Organizasyon Özel Sayısı 10 Temmuz 2021
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The Effect of Regime on the Economic Growth and the Income Inequality

Abstract

An information that is not contained in the article should not be involved in abstract. While the global economy is growing, income inequality is increasing. Income inequality is an important element that negatively affects human life both economically and socially. In this study, the relationship between economic growth and inequality was compared in terms of management forms. Thus, it was desirable to give a different perspective to the literature on economic growth and income inequality. In the Econo-mist 2021, 167 countries created an index of democracy, scoring between 0 and 10 based on 60 indica-tors. In the study covering the period 2006 - 2020, countries; from worst to best, respectively; authoritarian regime, hybrid regime, flawed democracy and full democracy are divided into categories. For this purpose, a study was conducted in the special case of fully democratic North America and autocratic Sub-Saharan African countries. Empirical analysis using the Panel data model covers the period 2006-2020. The variables were chosen because they were dealt with by the link between income inequality (Gini, dependent) and economic growth (GDP, independent) and regime (RE, independent), respectively. Study results by; A positive correlation has been found between economic growth and income inequality for North American countries. In Sub-Saharan countries ruled by an authoritarian regime, this relationship was found to be very weak.

Keywords

Income Inequality , Regime , Economic Growth , Panel Data Methodology , North America , Sub-Saharan Africa

Kaynakça

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Kaynak Göster

APA
Karacan, R., Yardımcı, M. E., & İşleyen, A. (2021). The Effect of Regime on the Economic Growth and the Income Inequality. OPUS International Journal of Society Researches, 18(Yönetim ve Organizasyon Özel Sayısı), 1164-1193. https://doi.org/10.26466/opus.927567