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Journals / Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi / 2021 / Cilt: 9 - Sayı: 1

Reassessment of Financial Development and Income Inequality Relationship in Terms of Financially Developed and Underdeveloped Countries

Finansal Gelişme ve Gelir Eşitsizliği İlişkisinin Finansal Olarak Gelişmiş ve Gelişmemiş Ülkeler Açısından Yeniden Değerlendirilmesi

Nurullah ALTINTAŞ
Pages
76–104
Publication Date
2021-06-30
DOI
—
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AI Summary & Key Takeaways

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

According to the results, the inverted-U hypothesis suggested by Greenwood and Jovanovic(1990) is confirmed for financially underdeveloped countries while the U-shaped relationship is true for the case of financially developed countries.

📌 3 Key Takeaways

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Objective & Hypothesis:This paper investigates the relationship between financial development and income inequality for 52 countries over the period 2000-2014. 32 countries are determined as financially underdeveloped while 20 countries are determined as financially developed based on the classification made by Demirguc-Kunt and Levine(2001).
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Key Findings & Data:This paper investigates the relationship between financial development and income inequality for 52 countries over the period 2000-2014. 32 countries are determined as financially underdeveloped while 20 countries are determined as financially developed based on the classification made by Demirguc-Kunt and Levine(2001).
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Conclusion & Impact:According to the results, the inverted-U hypothesis suggested by Greenwood and Jovanovic(1990) is confirmed for financially underdeveloped countries while the U-shaped relationship is true for the case of financially developed countries.
🔬Design:Research Article
📍Scope:2000-2014 Verileri
⚙️Variables:Finansal Gelişme · Gelir Eşitsizliği · Sistem GMM

Abstract

This paper investigates the relationship between financial development and income inequality for 52 countries over the period 2000-2014. 32 countries are determined as financially underdeveloped while 20 countries are determined as financially developed based on the classification made by Demirguc-Kunt and Levine(2001). According to the results, the inverted-U hypothesis suggested by Greenwood and Jovanovic(1990) is confirmed for financially underdeveloped countries while the U-shaped relationship is true for the case of financially developed countries.

Özet

Bu çalışma, için finansal gelişme ve gelir eşitsizliği arasındaki ilişkiyi 2000-2014 döneminde 52 ülke için araştırmaktadır. Demirgüç-Kunt ve Levine (2001) tarafından yapılan sınıflandırmaya göre 32 ülke finansal olarak az gelişmiş, 20 ülke ise finansal olarak gelişmiş olarak belirlenmiştir. Sonuçlara göre, finansal olarak gelişmemiş ülkelerde Greenwood ve Jovanovic (1990) tarafından ortaya konulan ters-U hipotezi doğrulanırken, finansal olarak gelişmiş ülkelerde ise U-biçimli ilişkiye ulaşılmıştır.

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Cite This Article

ALTINTAŞ, N. (2021). Reassessment of Financial Development and Income Inequality Relationship in Terms of Financially Developed and Underdeveloped Countries. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi, Cilt: 9 - Sayı: 1, 76–104. https://ajindex.com/articles/216283

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