The Impact of Social Expenditures on Income Inequality and Economic Growth in Türkiye: Fourier Adl Cointegration Analysis / Türkiye’de Sosyal Harcamaların Gelir Eşitsizliği ve Ekonomik Büyüme Üzerindeki Etkisi: Fourier Adl Eşbütünleşme Analizi

Öz

While the positive effect of social expenditures, which is one of the important tools of social policy, on income distribution is not a subject of much discussion, the effect of these expenditures on economic growth constitutes a wide area of discussion in the literature. The aim of this study; to reveal the relationship between social expenditures, income distribution and economic growth in Turkey. The effect of social expenditures on economic growth and income distribution was determined by the Fourier ADL cointegration test for the 1980-2019 and 1987-2019 periods, respectively. The results of the Fourier ADL cointegration test revealed a cointegration relationship. FMOLS estimates show that the effects of social expenditures on economic growth and income distribution are positive. As a result, the study recommends public policy makers to increase social spending in Turkey.

Anahtar Kelimeler

• Social Expenditure
• Income Inequality
• Economic Growth
• Fourier ADL
• Türkiye

Türkiye’de Sosyal Harcamaların Gelir Eşitsizliği ve Ekonomik Büyüme Üzerindeki Etkisi: Fourier ADL Eşbütünleşme Analizi / The Impact of Social Expenditures on Income Inequality and Economic Growth in Türkiye: Fourier ADL Cointegration Analysis

Öz

Sosyal politikanın önemli araçlarından biri olan sosyal harcamaların gelir dağılımı üzerindeki olumlu etkisi çok fazla tartışma konusu olmazken, bu harcamaların ekonomik büyüme üzerindeki etkisi literatürde geniş bir tartışma alanı oluşturmaktadır. Bu çalışmanın amacı; Türkiye’deki sosyal harcamalar ile gelir dağılımı ve ekonomik büyüme arasındaki ilişkiyi ortaya koymaktır. Sosyal harcamaların ekonomik büyüme ve gelir dağılımı üzerindeki etkisi sırasıyla 1980-2019 ve 1987-2019 dönemleri için Fourier ADL eşbütünleşme testi ile belirlenmiştir. Fourier ADL eşbütünleşme testi sonuçları eşbütünleşme ilişkisini ortaya koymuştur. FMOLS tahminleri, sosyal harcamaların ekonomik büyüme ve gelir dağılımı üzerindeki etkilerinin olumlu olduğunu göstermiştir. Sonuç olarak, çalışma Türkiye’de kamu politika yapıcılarına sosyal harcamaları artırmayı önermektedir.

Anahtar Kelimeler

• Sosyal Harcama
• Gelir Eşitsizliği
• Ekonomik Büyüme
• Fourier ADL
• Türkiye

Kaynakça

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