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YOKSULLUK, GELİR EŞİTSİZLİĞİ VE EKONOMİK BÜYÜME: OECD ÜLKELERİ ÜZERİNE BİR İNCELEME

Year 2024, Volume: 20 Issue: 3, 654 - 674, 30.09.2024
https://doi.org/10.17130/ijmeb.1430030

Abstract

Gelir eşitsizliği ve yoksulluk ülkelerin temel problemleri arasında yer almaktadır. Her ülkenin temel makroekonomik hedeflerinin başında ekonomik büyümenin olduğu dikkate alındığında, gelir eşitsizliği ve yoksulluğun ekonomik büyümeyi nasıl etkilediğinin tespit edilmesi uygulanacak politikaların belirlenmesinde önemli bir husustur. Bu bağlamda çalışmanın amacı, OECD ülkelerinde gelir eşitsizliği, yoksulluk ve ekonomik büyüme arasındaki ilişkinin 2004-2019 dönemini içeren verilerle Sabit etkili Driscoll-Kraay tahmincisi ile incelenmesidir. Çalışmada kullanılan verilerin elde edilebilirliğine bağlı olarak incelenen dönem 2004-2019 olarak sınırlandırılmıştır. Yoksulluk, gelir eşitsizliği ve ekonomik büyümeyi bilgimiz dahilinde Neo-Klasik Büyüme Modeli çerçevesinde ele alan başka bir çalışma bulunmamaktadır. Çalışmada sabit etkili Driscoll-Kraay tahmincisi kullanılmıştır. Bilgimiz dahilinde OECD ülkelerinde bu ilişki bu yöntem aracılığıyla inceleyen başka bir çalışma yoktur. Çalışmanın bu iki açıdan literatüre katkıda bulunacağı düşünülmektedir. Elde edilen ampirik bulgular, gelir eşitsizliği ve yoksulluğun ekonomik büyüme üzerinde negatif bir etkisi olduğunu göstermektedir. OECD ülkelerinde uygulanacak büyüme politikaları, gelir eşitsizliğinin ve yoksulluğunun azaltılmasına yönelik politika bileşenlerini de içermelidir. Diğer bir ifadeyle, yoksulluğu ve gelir eşitsizliğini azaltma stratejileri ekonomik büyümeyi teşvik eden politikalar ile birlikte ele alınmalıdır.

References

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POVERTY, INCOME INEQUALITY AND ECONOMIC GROWTH: A REVIEW ON OECD COUNTRIES

Year 2024, Volume: 20 Issue: 3, 654 - 674, 30.09.2024
https://doi.org/10.17130/ijmeb.1430030

Abstract

Income inequality and poverty are among the main problems of countries. Considering that economic growth is at the forefront of each country's main macroeconomic goals, determining how income inequality and poverty affect economic growth is a crucial issue in specifying the policies to be implemented. In this context, the aim of the study is to examine the relationship between income inequality, poverty and economic growth in OECD countries with the data containing the 2004-2019 period using the Fixed-effect Driscoll-Kraay estimator. The period examined due to the obtainability of the data used in the study was limited as 2004-2019. There is no other study of poverty, income inequality and economic growth within the framework of the Neo-Classical Growth Model. In the study, a Fixed-Effect Driscoll-Kraay estimator was used. Within the scope of our knowledge, there is no other study examining this relationship through this method in OECD countries. It is thought that the study will contribute to the literature in these two respects. Empirical findings obtained show that income inequality and poverty have a negative effect on economic growth.Growth policies to be implemented in OECD countries should also include policy components aimed at reducing income inequality and poverty. In other words, strategies to reduce poverty and income inequality should be considered together with policies that promote economic growth.

References

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  • Alesina, A., & Rodrick, D. (1994). Distributive politics and economic growth. Quarterly Journal of Economics, 109(2), 465-490.
  • Alesina, A., & Perotti, R. (1996). Income distribution, political instability, and investment. European Economic Review, 40(6), 1203-1228.
  • Anand, R., Tulin, V., & Kumar, N. (2014). India: defining and explaining inclusive growth and poverty reduction. IMF Working Paper WP/14/63. Retrieved from https://www.imf.org/en/Publications/ WP/Issues/2016/12/31/India-Defining-and-Explaining-Inclusive-Growth-and-Poverty- Reduction-41486. Accessed 12.02.2023.
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  • Azam, M. (2020). Does military spending stifle economic growth? The empirical evidence from non- OECD countries. Heliyon, 6(12), e05853.
  • Baltagi, B., & Wu, P. X. (1999). Unequally spaced panel data regressions with AR(1) disturbances. Econometric Theory, 15(16), 814-823.
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  • Breusch, T. S., & Pagan, A. (1980). The lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253. Breunig, M., & Majeed, O. (2020). Inequality, poverty and economic gr owth. International Economics, 161, 83-99. Bruno, M., Ravallion, M., & Squire, L. (1998). Equity and growth in developing countries: Old and new perspectives on the policy issues. In V. Tanzi & K-Y. Chu (Eds.), Income distribution and highquality growth. Cambridge, MA.: MIT Press.
  • Buckle, R. A., & Cruickshank, A. A. (2007). The challenge of structural change in APEC economies. New Zealand Treasury Working Paper 07/06.
  • Cerra, V., Lama, R., & Loayza, N. (2021). Links between growth, inequality, and poverty: A survey. IMF Working Paper, WP/21/68.
  • Chang, T. (2002). Financial development and economic growth in Mainland China: A note on testing demand-following or supply-leading hypothesis. Applied Economics Letters, 9(13), 869-873.
  • Charfeddine, L., & Kahia, M. (2019). Impact of renewable energy consumption and financial development on CO2 emissions and economic growth in the MENA region: A panel vector autoregressive (PVAR) analysis. Renewable Energy, 139, 198-213.
  • Christopoulos, D. K., & Tsionas, E. G. (2004). Financial development and economic growth: Evidence from panel unit root and cointegration tests. Journal of Development Economics, 73(1), 55-74.
  • Cingano F (2014). Trends in income inequality and ıts ımpact on economic growth. OECD Social, Employment and Migration Working Papers 163, OECD Publishing. Retrieved from https://ideas. repec.org/p/oec/elsaab/163-en.html. Accessed 18.10.2022.
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  • Çelik, K., Vural, İ. Y., & Tuncer, G. (2017). Dünya’da ve Türkiye›de yoksulluğun genel görünümü: 2002 sonrası döneme ilişkin bir inceleme. Recep Tayyip Erdoğan Üniversitesi Sosyal Bilimler Dergisi, 5, 41-79.
  • Daoud, J. I. (2017, August). Multicollinearity and regression analysis. Journal of Physics: Conference Series, Volume 949, 4th International Conference on Mathematical Applications in Engineering 2017 (ICMAE’17), Kuala Lumpur, Malaysia. https:// doi :10.1088/1742-6596/949/1/012009.
  • Davis, E. P., & Sanchez-Martinez, M. (2014). A review of the economic theories of poverty. National Institute of Economic and Social Research, Discussion Paper No. 435. Retrieved from https:// www.niesr.ac.uk/wp-content/uploads/2021/10/dp435_0.pdf
  • Davis, E. P., & Sanchez-Martinez, M. (2015). Economic theories of poverty: Summary. Retrieved from https://www.jrf.org.uk/sites/default/files/jrf/files-research/econ-theories-poverty-summary.pdf
  • Dawson, P. (1997). On testing Kuznets’ economic growth hypothesis. Applied Economic Letter, 4(7), 409-10.
  • Driscoll, J. C., & Kraay, A. C. (1998). Consistent covariance matrix estimation with spatially dependent panel data. Review of Economics and Statistics, 80(4), 549-560.
  • Ersoy, A. (2008). İktisadi teoriler ve düşünceler tarihi. Ankara: Nobel Yayın Dağıtım.
  • Forbes, K. J. (2000). A reassessment of the relationship between inequality and growth. American Economic Review, 90(4), 869–887.
  • Gore, J. (2007). Which growth theory is good for the poor?. The European Journal of Development Research, 19(1), 30–48.
  • Granger, C. W. J., & Newbold, P. (1974). Spurious regressions in econometrics. Journal of Econometrics, 2(2), 111-120.
  • Gries, T., & Redlin, M. (2010). Short-run and long-run dynamics of growth, inequality and poverty in the developing world. Working Papers CIE 29, Paderborn University, CIE Center for International Economics, Retrieved from https://ideas.repec.org/p/pdn/ciepap/29.html. Accessed 01.10.2022.
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There are 84 citations in total.

Details

Primary Language Turkish
Subjects Panel Data Analysis
Journal Section Research Articles
Authors

Leyla Efeer 0000-0002-7856-3896

Ebru Topcu 0000-0003-3572-7552

Early Pub Date September 27, 2024
Publication Date September 30, 2024
Submission Date February 1, 2024
Acceptance Date July 14, 2024
Published in Issue Year 2024 Volume: 20 Issue: 3

Cite

APA Efeer, L., & Topcu, E. (2024). YOKSULLUK, GELİR EŞİTSİZLİĞİ VE EKONOMİK BÜYÜME: OECD ÜLKELERİ ÜZERİNE BİR İNCELEME. Uluslararası Yönetim İktisat Ve İşletme Dergisi, 20(3), 654-674. https://doi.org/10.17130/ijmeb.1430030