Finansal Kuznets Eğrisi Hipotezi: Yapısal Kırılmalı Eş-bütünleşme Testleri ile Türk Ekonomisine İlişkin Ampirik Bir Analiz

Yıl 2021, , 337 - 359, 31.10.2021

Cüneyt Dumrul , Salih Çağrı İlkay , Yasemin Dumrul

https://doi.org/10.17233/sosyoekonomi.2021.04.16

Cited By: 3

Öz

Sürdürülebilir kalkınma için gelir eşitsizliğinin azaltılması önem arz etmektedir. Gelir eşitsizliği azaltılması için finansal gelişme önemli bir politika aracı olarak kullanılabilir. Bu çalışmada Türk ekonomisinde finansal gelişmenin gelir adaletsizliği üzerindeki etkileri Finansal Kuznets Eğrisi Hipotezi bağlamında araştırılmaktadır. Çalışmanın ampirik bölümünde IMF tarafından geliştirilen finansal gelişme ölçütlerine ilişkin seriler ve gelir adaletsizliği için Texas Üniversitesi Eşitsizlik Projesi (UTIP) Veri Seti ile hesaplanan seriler kullanılmıştır. Yapısal kırılmalar dikkate alınarak yapılan ekonometrik analizler sonucunda, uzun dönemli bir eş-bütünleşme ilişkisi tespit edilememiştir. Bu bulgular ele alınan dönemde Türkiye'de Finansal Kuznets Eğrisi hipotezinin geçerli olmadığını göstermektedir.

Anahtar Kelimeler

Finansal Kuznets Eğrisi, Finansal Gelişme, Gelir Eşitsizliği

The Financial Kuznets Curve Hypothesis: An Empirical Analysis of the Turkish Economy with Structural Breaks Co-integration Tests

Öz

Reducing income inequality is vital for sustainable development. Financial development can be an essential policy tool for reducing income inequality. In this study, the effects of financial development on income inequality in the Turkish economy are investigated in the context of the Financial Kuznets Curve Hypothesis. In the empirical part of the study, the series related to the financial development measures developed by the IMF and the series calculated with the University of Texas Inequality Project (UTIP) Data Set for income inequality is used. As a result of econometric analyzes made by considering structural breaks, the existence of a long-term co-integration relationship could not be determined. These findings show that the Financial Kuznets Curve hypothesis is not valid in Turkey in the period under consideration.

Anahtar Kelimeler

Financial Kuznets Curve, Financial Development, Income Inequality

Kaynakça

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