Siyaset Ekonomi ve Yönetim Araştırmaları Dergisi
Yazarlar: Nurullah ALTINTAŞ, Ahmet Gökçe AKPOLAT
Konular:Beşeri Bilimler, Ortak Disiplinler
Anahtar Kelimeler:Financial Development,Income Inequality,System GMM
Özet: 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.