Finansallaşma ve Gelir Eşitsizliği: Türkiye ve Avrupa Birliği Üzerine Dinamik Panel Veri Analizi

Yıl 2022, Cilt: 9 Sayı: 2, 443 - 462, 19.08.2022

Gülbahar Atasever

https://doi.org/10.30626/tesamakademi.1164119

Cited By: 1

Öz

Finansallaşma; finansal aktörlerin ve piyasaların öncülüğünde hanehalkı ve firmalar, ekonomiler ve devletlerin yapısal dönüşümüyle sonuçlanan bir süreci ifade etmektedir. Finansallaşmanın gelir eşitsizliği üzerindeki etkileri, finansal ve finansal olmayan kurumlar ve hanehalkı sektörü bağlamında farklı vekil değişkenler kullanılarak analiz edilebilmektedir. Bu çalışma, Avrupa Birliği ve Türkiye’de gelir eşitsizliği ve finansallaşma arasındaki ilişkiye odaklanmaktadır. Bu bağlamda, finansal kurumlar, finans dışı kurumlar ve hanehalkı sektörünün finansallaşma eğiliminin gelir eşitsizliği üzerindeki etkileri araştırılmıştır. 2000-2020 dönemine ilişkin olarak Arellano ve Bover/ Blundell ve Bond Sistem Genelleştirilmiş Momentler Tahmincisi (SYS-GMM) doğrultusunda dinamik panel veri analizi gerçekleştirilmiştir. Elde edilen sonuçlara göre, finansal sektörü temsil eden vekil değişken olan bankalar tarafından özel sektöre verilen yurt içi kredilerin GSYH içindeki payının artması ve hanehalkı sektörünü temsil eden vekil değişken olan hanehalkına ve hanehalkını destekleyen kar amacı taşımayan kuruluşlara tüm sektörler (finans ve finans dışı) tarafından verilen kredilerin GSYH içindeki payının artması gelir eşitsizliğini arttırırken, finans dışı sektöre ve hanehalkı sektörüne verilen kredilerin GSYH içindeki payının artması ise gelir eşitsizliğini gecikmeli olarak azaltmaktadır.

Anahtar Kelimeler

Finansallaşma, Gelir Eşitsizliği, Avrupa Birliği, Türkiye

Financialization and Income Inequality: A Dynamic Panel Data Analysis on Turkey and European Union

Öz

Financialization; It refers to a process that results in the structural transformation of households and companies, economies and states under the leadership of financial actors and markets. The effects of financialization on income inequality can be analyzed using different proxy variables in the context of financial and non-financial institutions and the household sector. This study focuses on the relationship between income inequality and financialization in the European Union and Turkey. In this context, the effects of the financialization trend of financial institutions and the household sector on income inequality were investigated. For the 2000-2020 period, dynamic panel data analysis was carried out in line with Arellano and Bover/ Blundell and Bond System Generalized Moments Estimator (SYS-GMM). According to the results,, the increase in the share of domestic loans given to the private sector by the banks, which is the proxy variable representing the financial sector, in GDP, and the increase in the share of the loans given by all sectors to the household, which is the proxy variable representing the household sector, and the non-profit organizations that support the household, in GDP increase income inequality. increases. The increase in the share of loans extended to the non-financial and household sectors in GDP reduces income inequality with a lag.

Anahtar Kelimeler

Financialization, Income Inequality, European Union, Turkey

Kaynakça

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