Finansal kalkınma ve gelir eşitsizliği: Türkiye örneği, 1980–2012

Bu çalışma finansal kalkınmanın gelir eşitsizliği üzerinde etkisini Türkiye örneğinde 1980–2012 dönemi için incelemektedir. Söz konusu ilişkiyi test etmek için ARDL yöntemi kullanılmıştır. Çalışmanın ekonometrik bulgularına göre kişi başına gelir, enflasyon ve özel sektör kredileri gelir eşitsizliğini azaltıcı etkilere sahipken, ticaret değişkeninin gelir eşitsizliğini, çok düşük bir seviyede dahi olsa, artırdığı görülmektedir. Bu çalışmanın da esas motivasyon kaynağını oluşturan, finansal gelişmenin gelir eşitsizliği üzerine olan etkisine bakıldığı zaman, Türkiye açısından incelenen dönemde ortalama olarak özel kredi hacminde meydana gelen %1’lik bir artışın gelir eşitsizliğini yine ortalama olarak %0.041 oranında azaltarak, gelir dağılımında eşitliğin sağlanması noktasında bir katkı yaptığı sonucu çıkarılabilir.

Financial development and income inequality: The Turkish case, 1980–2012

This study investigates the impact of financial development on income inequality for the Turkish case, over the period 1980 through 2012. For this purpose, an ARDL (Autoregressive Distributed Lag) model is employed. According to the findings, while GDP per capita, inflation rate and private sector credits have reducing effects on income inequality; trade variable increases inequality at a low level. For the Turkish case, as for the effect of financial development on income inequality, it is found that a 1% increase in private sector credits, on average, leads to a 0.041% decrease in income inequality for the period under consideration. Therefore it is concluded that private sector credits make a positive contribution to the equity of income distribution in Turkey.

___

  • Akbıyık, C. (2012), “Cross-Country Evidence On Financial Development-Income Inequality Link”, Yayınlanmamış Yüksek Lisans Tezi, ODTÜ.
  • Baligh, N. & K. Pirace (2012), “Financial Development and Income Inequality Relationship in Iran”, Middle-East Journal of Scientific Research, 12 (7), 906–914.
  • Banerjee, A.V. & A.F. Newman (1993), “Occupational Choice and The Process of Development”, The Journal of Political Economy, 101 (2), 274–298.
  • Beck, T. & A. Demirgüç Kunt & R. Levine (2007), “Finance, Inequality And The Poor”, J. Econ Growth, 12, 27–49.
  • Bittencourt, M. (2010), “Financial Development and Inequality: Brazil 1985–1994”, Econ Change Restruct, 43, 113–130.
  • Claessens, S. & E. Perotti (2007), “Finance and Inequality: Channels and Evidence”, Journal of Comparative Economics, 35, 748–773.
  • Dumlu, U. & Ö. Aydın (2008), “Ekonometrik Modellerle Türkiye İçin 2006 Yılı Gini Katsayısı Tahmini”, Ege Akademik Bakış, 8 (1), 373–393.
  • Greene, W. (2002), Econometric Analysis (5th Ed.), Prentice Hall, New Jersey, 562–564.
  • Greenwood, J. & B. Jovanovic (1990), “Financial Development, Growth and The Distribution of Income”, The Journal of Political Economy, 98 (5), 1076–1107.
  • Galor, O. & J. Zeira (1993), “Income Distribution And Macroeconomics”, The Review of Economic Studies, 60(1), 35–52.
  • Hendry, D. & N. Ericson (1991), “Modeling The Demand For Narrow Money in The United Kingdom and The United States”, European Economic Review, 35, 833–886.
  • Hoi, C.M. & L.Q. Hoi (2012), “Financial Development and Income Inequality In Vietnam: An Emprical Analysis”, Journal of Economic Development, 14 (2), 5–25.
  • Jauch, S. & S. Watzka (2012), “Financial Development and Income Inequality: A Panel Data Approach”, Cesifo Working Papers, No.3687.
  • Johnston, J. & J. Dinardo (1997), Econometric Methods, Fourth Edition, Mcgraw-Hill Companies, United States.
  • Kuznets, S. (1955), “Economic Growth And Income Inequality”, American Economic Review, 45, 1– 28.
  • Law, S.H. & H.B. Tan (2009), “The Role Of Financial Development On Income Inequality in Malaysia”, Journal of Economic Development, 34 (2), 153–168.
  • Narayan, S. & P.K. Narayan (2004), “Determinants of Demand of Fiji’s Export: An Empirical Investigation”, The Developing Economics, 42(1), 95–112.
  • Pesaran, M.H. & Y. Shin & R.J. Richard (2001), “Bounds Testing Approaches to the Analysis of Level Relationships”, Journal of Applied Econometrics, 16, 289–326.
  • Shahbaz, M. & F. Islam (2011), “Financial Development and Income Inequality in Pakistan: An Application of ARDL Approach”, Journal of Economic Development, 36(1), 35–58.
  • Vivien, K. (2010), “The Effects of Financial Development on Income Inequality and Poverty”, Econstor, No.25.
  • Zhicheng, L. (2006), “Financial Development and Income Inequality in Rural China 1991–2000”, Econstor, No.2006/96.
  • Zielschot, M. (2013), “Financial Development and Income Inequality: Differanting Between Income Definitions”, Master Thesis, Tilburg University.