Financial Development, Technological Innovation and Income Inequality: Time Series Evidence from Turkey

Basit Öğe Kaydı
dc.authorscopusid57217859668
dc.authorscopusid57219221304
dc.authorscopusid57219914263
dc.contributor.authorÇetin, M.
dc.contributor.authorDemir, H.
dc.contributor.authorSaygın, S.
dc.date.accessioned2022-05-11T14:04:47Z
dc.date.available2022-05-11T14:04:47Z
dc.date.issued2021
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractThe main aim of the study is to analyze the link between technological innovation and income inequality for Turkey in terms of financial Kuznets curve (FKC) hypothesis. The study uses time-series data from 1987 to 2018. We employ the Hatemi-J cointegration, ARDL bounds test and VECM Granger causality techniques to investigate the relations between the variables. We also employ the DOLS, FMOLS and CCR approaches to estimate the long-run parameters. The results reveal that the series are cointegrated under the structural breaks. The results also reveal that the FKC is valid for Turkish economy in the long run. Technological innovation positively affects income inequality while economic growth is negatively linked with income inequality. There exists a bi-directional causal linkage between financial development and income inequality. Technological innovation and income inequality cause each other. In addition, economic growth causes income inequality. Empirical results suggest a twofold policy implication: i) improvement of the financial system and ii) to eliminate the adverse effects of technological innovations on income distribution. © 2021, The Author(s), under exclusive licence to Springer Nature B.V. part of Springer Nature.
dc.identifier.doi10.1007/s11205-021-02641-7
dc.identifier.endpage69
dc.identifier.issn0303-8300
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85101804872
dc.identifier.scopusqualityQ1
dc.identifier.startpage47
dc.identifier.urihttps://doi.org/10.1007/s11205-021-02641-7
dc.identifier.urihttps://hdl.handle.net/20.500.11776/4775
dc.identifier.volume156
dc.identifier.wosWOS:000623989100001
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorÇetin, Murat
dc.institutionauthorDemir, H.
dc.institutionauthorSaygın, S.
dc.language.isoen
dc.publisherSpringer Science and Business Media B.V.
dc.relation.ispartofSocial Indicators Research
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectCausality
dc.subjectCointegration
dc.subjectFinancial development
dc.subjectFKC
dc.subjectIncome inequality
dc.subjectTechnological innovation
dc.subjectcointegration analysis
dc.subjectfinance
dc.subjectincome distribution
dc.subjectinnovation
dc.subjectKuznets curve
dc.subjecttime series analysis
dc.subjectTurkey
dc.subjectMeleagris gallopavo
dc.titleFinancial Development, Technological Innovation and Income Inequality: Time Series Evidence from Turkey
dc.typeArticle

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
Küçük Resim Yok
İsim:
4775.pdf
Boyut:
846.16 KB
Biçim:
Adobe Portable Document Format
Açıklama:
Tam Metin / Full Text
İndir

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
İktisadi ve İdari Bilimler Fakültesi Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu