Finansal Gelişmenin Bankacılık Ve Sermaye Piyasası Bağlamında Gelir Dağılımına Etkisi: ARDL Sınır Testi Yaklaşımı

Öz

Ekonomilerde finansal piyasa ve kurumların derinlik, erişim ve etkinliklerin artması beraberinde finansal gelişmenin gelir eşitsizliğine olan etkisini inceleme gereksinimini ortaya çıkarmıştır. Bu çalışmada Türkiye’nin 1993-2016 dönemi verileri ile bankacılık ve sermaye piyasası özelinde finansal gelişmenin gelir eşitsizliği üzerindeki etkisi ARDL Sınır Testi yaklaşımı ile incelenmiştir. Bu yöntemden elde edilen bulgulara göre Türkiye’de bankacılık sisteminin gelişiminin, sermaye piyasası gelişimine oranla daha az olmakla birlikte gelir eşitsizliğini azalttığı sonucuna ulaşılmıştır. 

Anahtar Kelimeler

• Finansal Gelişme,Gelir Eşitsizliği

Kaynakça

1. Ahsan, Z. F., & Masih, M. (2016). Exploring the nexus between income inequality and financial indicators: endemic to the Indian economy.
2. Agnello, L., Mallick, S. K., & Sousa, R. M. (2012). Financial reforms and income inequality. Economics Letters, 116(3), 583-587.
3. Akmal, M. S., Ahmad, Q. M., & Butt, M. S. (2006). Financial Development and Income Inequality in Pakistan: An Application of ARDL Approach. Pakistan Society of Development Economics.
4. Baligh, N., & Pirace, K. (2012). Financial development and income inequality relationship in Iran. Middle-East Journal of Scientific Research, 12(7), 906-914.
5. Banerjee, A. V., & Newman, A. F. (1993). Occupational choice and the process of development. Journal of political economy, 101(2), 274-298.
6. Bittencourt, M. (2010). Financial development and inequality: Brazil 1985–1994. Economic Change and Restructuring, 43(2), 113-130.
7. Brown, R. L., Durbin, J., & Evans, J. M. (1975). Techniques for testing the constancy of regression relationships over time. Journal of the Royal Statistical Society. Series B (Methodological), 149-192.
8. Çetin, Murat, and Fahri Şeker (2016) "Finansal Gelişmenin Gelir Eşitsizliği Üzerindeki Etkisi: Türkiye Ekonomisi İçin Ampirik Bir Kanıt." Sosyal Bilimler Dergisi 3.2

9. Dickey, D. A., & Fuller, W. A. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica: Journal of the Econometric Society, 1057-1072.
10. Engle, R. F., & Granger, C. W. (1987). Co-integration and error correction: representation, estimation, and testing. Econometrica: journal of the Econometric Society, 251-276.
11. Galor, O., & Zeira, J. (1993). Income distribution and macroeconomics. The review of economic studies, 60(1), 35-52.
12. Greenwood, J., & Jovanovic, B. (1990). Financial development, growth, and the distribution of income. Journal of political Economy, 98(5, Part 1), 1076-1107.
13. Johansen, S. (1988). Statistical analysis of cointegration vectors. Journal of economic dynamics and control, 12(2-3), 231-254.
14. Kanberoğlu, Z., & Arvas, M. A. (2014). Finansal kalkınma ve gelir eşitsizliği: Türkiye örneği, 1980-2012. Sosyoekonomi, 21(21).
15. Kotschy, R., & Sunde, U. (2017). Democracy, inequality, and institutional quality. European Economic Review, 91, 209-228.
16. Kpodar, K., & Singh, R. J. (2011). Does financial structure matter for poverty? evidence from developing countries.
17. Kuznets, S. (1955). Economic growth and income inequality. The American economic review, 1-28.Narayan, P. K., & Narayan, S. (2005). Estimating income and price elasticities of imports for Fiji in a cointegration framework. Economic Modelling, 22(3), 423-438.
18. Pesaran, M. H., & Pesaran, B. (1997). Working with Microfit 4.0: interactive econometric analysis;[Windows version]. Oxford University Press.
19. Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of applied econometrics, 16(3), 289-326.
20. Shahbaz, M. (2013). Financial Development, Economics Growth, Income Inequality Nexus: A Case Study of Pakistan. International Journal of Economics and Empirical Research (IJEER), 1(3), 24-47.
21. Shahbaz, M., Loganathan, N., Tiwari, A. K., & Sherafatian-Jahromi, R. (2015). Financial development and income inequality: is there any financial Kuznets curve in Iran?. Social Indicators Research, 124(2), 357-382.
22. Sehrawat, M., & Giri, A. K. (2015). Financial development and income inequality in India: an application of ARDL approach. International Journal of Social Economics, 42(1), 64-81.