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Journals / İktisat Politikası Araştırmaları Dergisi / 2026 / Cilt: 11 Sayı: 1

The Relationship Among Trade Openness, Financial Development and Economic Growth Indicators and Income Distribution Inequality: Testing the Kuznets, Financial Kuznets, and Stolper-Samuelson Hypotheses

Ticari Açıklık, Finansal Gelişme ve Ekonomik Büyüme ile Gelir Dağılımı Adaletsizliği İlişkisi: Kuznets ve Finansal Kuznets Hipotezi ile Stolper-Samuelson Hipotezinin Testi

İsmail Hakkı İşcan(Bilecik Şeyh Edebali Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü)0000-0003-2786-4928
Tuğba Demirel(Bilecik Şeyh Edebali Üniversitesi, Lisansüstü Eğitim Enstitüsü, İktisat Anabilim Dalı)0000-0003-2168-6497
Pages
1–18
Publication Date
2024-02-16
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

While the empirical underpinning within developed countries aligns with the Stolper-Samuelson premise, the observed outcomes in developing nations diverge from the tenets of the Stolper-Samuelson hypothesis, thereby introducing a layer of complexity to the overall findings.

📌 3 Key Takeaways

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Objective & Hypothesis:This study investigates the complexities of the Kuznets, Financial Kuznets, and Stolper-Samuelson hypotheses, all of which hold fundamental positions in the literature.
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Key Findings & Data:In this vein, a comprehensive investigation of the nexus connecting economic growth, financial development, trade openness, and income distribution inequality unfolds across a dataset encompassing 19 developing economies and 22 developed counterparts over the 2002-2019 period.
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Conclusion & Impact:While the empirical underpinning within developed countries aligns with the Stolper-Samuelson premise, the observed outcomes in developing nations diverge from the tenets of the Stolper-Samuelson hypothesis, thereby introducing a layer of complexity to the overall findings.
🔬Design:Araştırma Makalesi
📍Scope:2002-2019 Verileri
⚙️Variables:Kuznets Hipotezi · Finansal Kuznets Hipotezi · Gelir Dağılımı Adaletsizliği

Abstract

This study investigates the complexities of the Kuznets, Financial Kuznets, and Stolper-Samuelson hypotheses, all of which hold fundamental positions in the literature. The primary objective is to scrutinize the intricate interplay among economic growth, financial development, trade openness, and income distribution inequality across nations and characterized by varying developmental stages. This analytical framework seeks to empirically evaluate the aforementioned hypotheses, specifically within the context of diverse clusters of countries. In this vein, a comprehensive investigation of the nexus connecting economic growth, financial development, trade openness, and income distribution inequality unfolds across a dataset encompassing 19 developing economies and 22 developed counterparts over the 2002-2019 period. The empirical assessment has been accomplished through a panel data analysis. The empirical findings shed light on distinctive patterns in the relationship between the specified economic factors and income inequality for the two distinct groups of countries. These empirical insights strengthen the validity of both the Kuznets and financial Kuznets hypotheses. However, the outcomes also exhibit a nuanced complexion in relation to the Stolper-Samuelson hypothesis. While the empirical underpinning within developed countries aligns with the Stolper-Samuelson premise, the observed outcomes in developing nations diverge from the tenets of the Stolper-Samuelson hypothesis, thereby introducing a layer of complexity to the overall findings. JEL Classification : C12 , C23 , E10

Özet

Bu çalışmada, iktisat literatüründe önemli bir yere sahip olan Kuznets ve Finansal Kuznets ve Stolper-Samuelson hipotezleri kapsamında, ekonomik büyüme, finansal gelişme ve ticari açıklık ile gelir dağılımı eşitsizliği arasındaki ilişkinin farklı gelişmişlik seviyelerine sahip ülke ekonomileri için araştırılması ve ifade edilen hipotezlerin test edilmesi amaçlanmıştır. Buna göre 2002-2019 dönemi için gelişmekte olan 19 ülke ekonomisi ve gelişmiş 22 ülke ekonomisi için ticari açıklık, finansal gelişme ve ekonomik büyüme ile gelir dağılımı adaletsizliği arasındaki ilişki panel veri analiziyle araştırılmıştır. Analiz sonuçlarına göre 19 gelişmekte olan ülkede ticari açıklık %1 arttığında gelir dağılımı adaletsizliğini temsilen modelde kullanılan gini endeksi %0.13; finansal gelişmişlik %1 arttığında gini endeksi %0.27; ekonomik büyüme %1 arttığında ise gini endeksi %0.08 oranında artmaktadır. 22 gelişmiş ülkede ise ticari açıklık %1 arttığında gini endeksi %0.02; finansal gelişme %1 arttığında gini endeksi %0.05 azalmakta ve ekonomik büyüme %1 arttığında gini endeksi %0.001 oranında artmaktadır. Bu sonuçlar belirli bir gelişmişlik seviyesine kadar ekonomik büyüme ve finansal gelişmedeki artışların gelir dağılımı adaletsizliğini arttırdığını fakat belirli bir gelişmişlik seviyesinden sonra bu artışların gelir dağılımı adaletsizliğini azalttığını ifade eden Kuznets ve Finansal Kuznets hipotezlerini doğrular niteliktedir. Fakat çalışmada varılan sonuçlar, gelişmiş ülkeler için Stolper-Samuelson hipotezini doğrulamasına rağmen gelişmekte olan ülkeler için Stolper-Samuelson hipotezi için uyuşmayan bulgular içermektedir. Jel Sınıflaması: C12, C23, E10

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Cite This Article

İşcan, İ. H., Demirel, T. (2024). The Relationship Among Trade Openness, Financial Development and Economic Growth Indicators and Income Distribution Inequality: Testing the Kuznets, Financial Kuznets, and Stolper-Samuelson Hypotheses. İktisat Politikası Araştırmaları Dergisi, Cilt: 11 Sayı: 1, 1–18. https://doi.org/10.26650/JEPR1299562

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