Analysis of Turkey's classic and financial kuznets curves in regards to the level of development and increased distribution
[ X ]
Tarih
2023
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Cem ISIK
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
In this research, we probe the authenticity of both the Financial Kuznets Curve hypothesis and the classical Kuznets curve within the Turkish economy, exploring the interrelation between financial development and income distribution. By employing the ARDL bounds test approach in the econometric analysis, we ascertain that the Financial Kuznets Curve is applicable to Turkey. This means the correlation between income distribution and the extent of financial development adopts an inverted U-shaped pattern. Moreover, the interrelation between GDP and income distribution doesn’t form an inverted U pattern, demonstrating that the classical Kuznets curve is not pertinent in the context of Turkey. From the derived outcomes, it is inferred that prioritizing policies that accentuate financial development would constitute a more judicious economic strategy in Turkey, particularly for redressing disparities in income distribution, instead of merely focusing on economic growth.
Açıklama
Anahtar Kelimeler
Income Distribution, Financial Kuznets, ARDL Boundary Test
Kaynak
Journal of Ekonomi
WoS Q Değeri
Scopus Q Değeri
Cilt
5
Sayı
2
