Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries
Yıl: 2023 Cilt: 7 Sayı: 1 Sayfa Aralığı: 16 - 27 Metin Dili: İngilizce DOI: 10.29216/ueip.1181188 İndeks Tarihi: 16-05-2023
Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries
Öz: Since the 1980s, income inequality has increased significantly in developed and developing countries. The literature has also seen studies that attempt to explain this rising trend in income inequality. Some studies explaining the increase in income inequality in various ways have focused on economic globalization. Questions on how the steps taken towards liberalization in international trade and finance and increasing market integration affect income inequality have been at the center of the discussions in these studies. Uncertainty about the direction and extent of the link between globalization and inequality persists primarily because of the conflicting empirical findings in the literature. This study aims to contribute to the literature by conducting an empirical analysis of MIST countries with data covering 1987-2019. The study's findings, which used panel data analysis to assess the data, showed that while trade and financial openness reduce income inequality for MIST countries over the analyzed period, foreign direct investments do the opposite. The results also showed that the effect of financial openness on income inequality is greater than the effect of trade openness. It is also discovered that the rate of per capita income increase has no statistically significant impact on income inequality.
Anahtar Kelime: Ticari Açıklık, Finansal Açıklık ve Gelir Eşitsizliği İlişkisi: MIST Ülkeleri için Ampirik Bulgular
Öz: 1980'lerden sonra hem gelişmiş hem de gelişmekte olan ülkelerde gelir eşitsizliği belirgin bir artış göstermiştir. Gelir eşitsizliğindeki bu artışı çeşitli şekillerde açıklayan çalışmalar da bunun üzerine literatürdeki yerini almıştır. Bu çalışma sorunun ekonomik küreselleşme yönü üzerinde durmakta, uluslararası ticaret ve finans alanlarında serbestleştirme yönünde atılan adımların gelir eşitsizliğini nasıl etkilediğini incelemektedir. Literatürde birbiriyle çelişen bulguların olması nedeniyle küreselleşme ve eşitsizlik arasındaki bağlantının yönü ve boyutu hakkında belirsizlik büyük ölçüde devam etmektedir. Bu çalışma, MIST ülkeleri üzerine 1987-2019 dönemini kapsayan verilerle ampirik analiz yaparak literatüre katkıda bulunmayı amaçlamaktadır. Panel veri analizi yönteminin uygulandığı çalışmanın sonuçları, incelenen dönem içerisinde MIST ülkeleri için ticari ve finansal açıklığın gelir eşitsizliğini azaltan, doğrudan yabancı yatırımların ise gelir eşitsizliğini artıran unsurlar olduğunu göstermiştir. Sonuçlar ayrıca finansal açıklığın gelir eşitsizliği üzerindeki etkisinin ticari açıklığın etkisinden daha büyük olduğunu göstermektedir. Ayrıca kişi başına düşen gelirdeki büyüme oranının gelir eşitsizliği üzerinde istatistiksel olarak anlamlı bir etkisinin olmadığı tespit edilmiştir.
Anahtar Kelime: Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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| APA | CENGİZ V, DEMIR S (2023). Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries. , 16 - 27. 10.29216/ueip.1181188 |
| Chicago | CENGİZ VEDAT,DEMIR SEDANUR Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries. (2023): 16 - 27. 10.29216/ueip.1181188 |
| MLA | CENGİZ VEDAT,DEMIR SEDANUR Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries. , 2023, ss.16 - 27. 10.29216/ueip.1181188 |
| AMA | CENGİZ V,DEMIR S Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries. . 2023; 16 - 27. 10.29216/ueip.1181188 |
| Vancouver | CENGİZ V,DEMIR S Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries. . 2023; 16 - 27. 10.29216/ueip.1181188 |
| IEEE | CENGİZ V,DEMIR S "Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries." , ss.16 - 27, 2023. 10.29216/ueip.1181188 |
| ISNAD | CENGİZ, VEDAT - DEMIR, SEDANUR. "Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries". (2023), 16-27. https://doi.org/10.29216/ueip.1181188 |
| APA | CENGİZ V, DEMIR S (2023). Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries. Uluslararası Ekonomi, İşletme ve Politika Dergisi, 7(1), 16 - 27. 10.29216/ueip.1181188 |
| Chicago | CENGİZ VEDAT,DEMIR SEDANUR Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries. Uluslararası Ekonomi, İşletme ve Politika Dergisi 7, no.1 (2023): 16 - 27. 10.29216/ueip.1181188 |
| MLA | CENGİZ VEDAT,DEMIR SEDANUR Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries. Uluslararası Ekonomi, İşletme ve Politika Dergisi, vol.7, no.1, 2023, ss.16 - 27. 10.29216/ueip.1181188 |
| AMA | CENGİZ V,DEMIR S Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries. Uluslararası Ekonomi, İşletme ve Politika Dergisi. 2023; 7(1): 16 - 27. 10.29216/ueip.1181188 |
| Vancouver | CENGİZ V,DEMIR S Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries. Uluslararası Ekonomi, İşletme ve Politika Dergisi. 2023; 7(1): 16 - 27. 10.29216/ueip.1181188 |
| IEEE | CENGİZ V,DEMIR S "Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries." Uluslararası Ekonomi, İşletme ve Politika Dergisi, 7, ss.16 - 27, 2023. 10.29216/ueip.1181188 |
| ISNAD | CENGİZ, VEDAT - DEMIR, SEDANUR. "Trade Openness, Financial Openness and Income Inequality: Empirical Evidence for MIST Countries". Uluslararası Ekonomi, İşletme ve Politika Dergisi 7/1 (2023), 16-27. https://doi.org/10.29216/ueip.1181188 |
