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Journals / İnsan ve Toplum Bilimleri Araştırmaları Dergisi / 2019 / Cilt: 8 - Sayı: 4

A Panel Data Analysis of the Relationship between Income Inequality and Financialization: An Application on Different Income Groups

Gelir Eşitsizliği ve Finansallaşma Arasındaki İlişkinin Panel Veri Analizi: Farklı Gelir Grupları Üzerine Bir Uygulama

ONUR ÖZDEMİR
Pages
2837–2875
DOI
—
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AI Summary & Key Takeaways

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

Empirical results show that the change in financialization indicators has an increasing effect on income inequality.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study investigates the financialization-income inequality relationship within the frame of a panel data analysis for 97 countries including different income groups, in the 1991-2014 period.
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Key Findings & Data:According to the main interest of the study, the positive relationship between financialization and income inequality is also statistically significant on the basis of countries with different income groups in the long-run.
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Conclusion & Impact:Empirical results show that the change in financialization indicators has an increasing effect on income inequality.
🔬Design:Research Article
📍Scope:2014 Verileri
⚙️Variables:Gelir Eşitsizliği · Finansallaşma · Küreselleşme

Abstract

This study investigates the financialization-income inequality relationship within the frame of a panel data analysis for 97 countries including different income groups, in the 1991-2014 period. According to the main interest of the study, the positive relationship between financialization and income inequality is also statistically significant on the basis of countries with different income groups in the long-run. Empirical results show that the change in financialization indicators has an increasing effect on income inequality. In the article, the scale of this effect is both examined in the time dimension and analyzed according to income classification of the countries. Furthermore, the statistical issues lying behind the positive relationship between income inequality and financialization are examined based on different analysis methods and they support the arguments that confirm each other. Thus, in order to examine income inequality holistically, it is necessary to consider its relationship with financialization.

Özet

Bu çalışma finansallaşma-gelir eşitsizliği bağıntısını panel veri analizi çerçevesinde farklı gelir gruplarını içeren 97 ülke için 1991-2014 yılları arasında incelemektedir. Çalışmanın temel önemi açısından finansallaşma ve gelir eşitsizliği arasındaki pozitif ilişki farklı gelir gruplarına sahip ülkeler temelinde uzun vade de istatistiksel olarak anlamlı çıkmaktadır. Ampirik sonuçlar göstermektedir ki, finansallaşma göstergelerindeki değişim gelir eşitsizliğini artırıcı bir etkiye sahiptir. Makale içerisinde bu etkinin ölçeği hem zaman boyutunda incelenmekte hem de ülkelerin gelir sınıflandırmasına göre analiz edilmektedir. Ayrıca, gelir eşitsizliği ve finansallaşma arasındaki pozitif ilişkinin ardında yatan istatistiki sorunlar farklı analiz yöntemlerine bağlı olarak incelemeye tabi tutulmaktadır ve birbirini doğrulayan kanıtları destekler niteliktedir. Bu nedenle, gelir eşitsizliğinin bütünsel bir incelemeye tabi tutulabilmesi finansallaşma ile arasındaki ilişkinin göz önünde bulundurulmasını gerektirmektedir.

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Cite This Article

ÖZDEMİR, O. (2019). A Panel Data Analysis of the Relationship between Income Inequality and Financialization: An Application on Different Income Groups. İnsan ve Toplum Bilimleri Araştırmaları Dergisi, Cilt: 8 - Sayı: 4, 2837–2875. https://ajindex.com/articles/173303

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