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Journals / Finansal Araştırmalar ve Çalışmalar Dergisi / 2021 / Cilt: 13 - Sayı: 25

CAUSALITY LINKAGES BETWEEN INCOME INEQUALITY AND FINANCIAL GLOBALIZATION FOR G7 COUNTRIES

G7 ÜLKELERİ İÇİN GELİR EŞİTSİZLİĞİ VE FİNANSAL KÜRESELLEŞME ARASINDAKİ NEDENSELLİK İLİŞKİLERİ

Orkun ÇELİK
Pages
344–360
Publication Date
2022-10-18
DOI
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AI Summary & Key Takeaways

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

The empirical results indicate that there is a causality linkage between income inequality and financial globalization in most of the G7 countries.

📌 3 Key Takeaways

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Objective & Hypothesis:The main aim of this study is to evaluate the causality linkages between income inequality and financial globalization for G7 countries over the period 1970-2015.
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Key Findings & Data:The bootstrap panel Granger causality analysis by Kónya (2006) is used.
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Conclusion & Impact:The empirical results indicate that there is a causality linkage between income inequality and financial globalization in most of the G7 countries.
🔬Design:Research Article
📍Scope:2015 Verileri
⚙️Variables:Gelir Eşitsizliği · Finansal Küreselleşme · Vergi

Abstract

The main aim of this study is to evaluate the causality linkages between income inequality and financial globalization for G7 countries over the period 1970-2015. The bootstrap panel Granger causality analysis by Kónya (2006) is used. The empirical results indicate that there is a causality linkage between income inequality and financial globalization in most of the G7 countries. Furthermore, it is shown that income tax has a significant role on the causality linkage. Hence, in order to reduce income inequality, policy makers should apply high taxes on top income, using fiscal policy instruments

Özet

Bu çalışmanın temel amacı, 1970-2015 dönemi G7 ülkeleri için gelir eşitsizliği ve finansal küreselleşme arasındaki nedensellik ilişkilerini değerlendirmektir. Kónya (2006)’a ait bootstrap panel Granger nedensellik analizinden yararlanılmaktadır. Ampirik sonuçlar, çoğu G7 ülkesinde gelir eşitsizliği ve finansal küreselleşme arasında bir nedensellik ilişkisinin var olduğunu göstermektedir. Ayrıca, gelir vergisinin bu nedensellik ilişkisi üzerinde önemli bir role sahip olduğunu gösterilmektedir. Bu nedenle, gelir eşitsizliğini azaltmak için, politikacıların maliye politikası araçlarını kullanarak en yüksek gelire sahip olanlara yüksek vergiler uygulaması gerekmektedir.

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Cite This Article

ÇELİK, O. (2022). CAUSALITY LINKAGES BETWEEN INCOME INEQUALITY AND FINANCIAL GLOBALIZATION FOR G7 COUNTRIES. Finansal Araştırmalar ve Çalışmalar Dergisi, Cilt: 13 - Sayı: 25, 344–360. https://ajindex.com/articles/516305

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References (3)

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