Redirigiendo al acceso original de articulo en 18 segundos...
ARTÍCULO
TITULO

Autoregressive Distributed Lag Approach to the Income Inequality and Financial Liberalization Nexus: Empirical Evidence from Turkey

Onur Özdemir    

Resumen

This paper critically examines the validity of orthodox assumptions about the positive effects of financial liberalization on income inequality by employing the Autoregressive Distributed Lag (ARDL) Bound test by Pesaran et al. (2001) for the yearly data of Turkey over the 1987-2016 period. The benchmark results suggest that the income distribution worsens by the implementation of more liberalization in the financial sector for a long-run equilibrium relationship. Further, the study attempts to investigate an inverted U-shaped hypothesis of financial development. The findings indicate that income inequality improves at the initial stages of financial development but worsens over time. Therefore, it rejects the income-narrowing hypothesis for the latter stages of financial development. With the advantage that ARDL approach incorporates both I(0) and I(1) series, the study concludes that the positive relationship between financial liberalization and income inequality is prevalent both in the short- and the long-run in control of other variables.Keywords: Income Inequality, Financial Liberalization, Financial Development, Income Distribution, ARDL Bound TestJEL Classifications: F65, D31, C22DOI: https://doi.org/10.32479/ijefi.8626

 Artículos similares

       
 
Juniours Marire    
AbstractOrientation: Heterodox economic scholarship has challenged the neoclassical doctrine that fiscal deficit increases unemployment in the long-term.Research purpose: This article examined the relationship between fiscal deficits and unemployment.Mot... ver más

 
Mahrus Lutfi Adi Kurniawan,Indanazulfa Qurrota A'yun     Pág. 350 - 362
This study aims to test the export-led-growth (ELG) hypothesis in Indonesia after the implementation of trade liberalization and analyze the relevance of policies that can be taken by the government. The data used in this study is time series data from 1... ver más

 
Abdul Mahidud Khan,Sakib Bin Amin,Adib Ahmed,Tanzila Sultana     Pág. 100 - 107
We examine the long-run relationship between tourism development and economic growth using the Nonlinear Autoregressive Distributed Lag (NARDL) model for Bangladesh using annual data from 1980-2016. We find an asymmetric relationship between tourism and ... ver más

 
Mai Wagdy ElHodaiby,Ahmed Elsamman     Pág. 114 - 125
This paper examines the relation between granting central banks more independence represented in both its manifested legal charter as well as actual practices adopted and inflation in Egypt during the period from 1998-2019. To do so, this paper first loo... ver más

 
Abdullahi Osman Ali     Pág. 101 - 108
The purpose of this study to investigate the effect of monetary policy on conventional and Islamic banks. This study deployed autoregressive distributed lag (ARDL) model due to its appropriateness for small sample. Bond test result indicates that there i... ver más