Please use this identifier to cite or link to this item: http://earsiv.odu.edu.tr:8080/xmlui/handle/11489/4297
Title: WHAT CAUSES INCOME INEQUALITY: ECONOMIC GROWTH OR FINANCIAL DEVELOPMENT?
Authors: Akinci, Merter
Yuce Akinci, Gonul
Yilmaz, Omer
Ordu Üniversitesi
Keywords: Economic Growth, Financial Development, Income Inequality, Inverted-U Hypothesis, Simultaneous Equation System
INSTRUMENTAL VARIABLE ESTIMATION, EUROPEAN INTEGRATION
Issue Date: 2020
Publisher: ANKARA UNIV EUROPEAN UNION RESEARCH CENTRE-ANKARA
Citation: Akinci, M., Yüce Akinci, G., Yilmaz, Ö. (2020). WHAT CAUSES INCOME INEQUALITY: ECONOMIC GROWTH OR FINANCIAL DEVELOPMENT?. Ank. Avrupa Calismalari Derg., 19(2), 327-364
Abstract: The paper investigates the linkage between growth, finance and inequality in the light of inverted-U hypothesis in the European Union member countries in the period 1995-2018. The findings of the multiple equations analysis indicate that economic growth and financial development act together, implying that growth boosts finance and vice versa. In addition, while the paper does not support the Kuznets hypothesis, the findings confirm the Greenwood-Jovanovic hypothesis, suggesting that the linkage between financial development and inequality is quadratic. That is to say, in the first phase of development, development of the financial markets is related to income inequality positively, however beyond the threshold level of finance, the linkage between finance and inequality becomes negative.
Description: WoS Categories: Area Studies
Web of Science Index: Emerging Sources Citation Index (ESCI)
Research Areas: Area Studies
URI: https://www.webofscience.com/wos/woscc/full-record/WOS:000673414200001
http://earsiv.odu.edu.tr:8080/xmlui/handle/11489/4297
ISSN: 1303-2518
Appears in Collections:İktisat

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