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THE RELATIONSHIP BETWEEN INCOME INEQUALITY AND ECONOMIC GLOBALIZATION IN TRANSITIONAL ECONOMIES

Yıl 2023, Cilt: 24 Sayı: 1, 314 - 331, 27.03.2023
https://doi.org/10.53443/anadoluibfd.1169379

Öz

Globalization is thought to play an important role as the cause of increasing income inequality in many developed and developing countries. With the 1980s, most of the developing countries abandoned the restrictive and import substitution policies and instead implemented policies based on liberalization of exports and imports, paving the way for the liberalization of trade. Thus, economic globalization includes the current economic environment that shapes welfare states and the increasing tangible economic exchanges between countries. Some studies in the literature have an optimistic view that globalization reduces income inequality in both developed and developing countries, while some studies have a pessimistic view that globalization always increases income inequality. The aim of this study is to examine the direction of the relationship between globalization and income inequality in the context of Transition Economies. The relationship between income inequality and globalization for the 1991-2019 period of transition economies is examined using latest panel data models. According to the results of econometric analysis, the existence of long-term relationships between income inequality and globalization, trade openness and economic growth in transition economies have been proven.

Kaynakça

  • Abakumova, J., & Primierova, O. (2018) Economic growth, globalization and income inequality: the case of ukraine, globalization and its socio-economic consequences. T. Kliestik (Ed.), 18th International Scientific Conference, Part VI: Inequality in Society. (s. 2445-2452). Zilina: University of Zilina.
  • Atif, S. M., Srivastav, M., Sauytbekova, M., & Arachchige, U. K. (2012). Globalization and income inequality: A panel data analysis of 68 countries (MPRA Paper No. 42385). Munich Personal Repec Archive.
  • Atkinson, A. (1997). Bringing income distribution in from the cold. Economic Journal, 107(441), 297-321. Barlow, D., Grimalda, G., & Meschi, E. (2009). Globalisation vs internal reforms as factors of inequality in transition economies, International Review of Applied Economics, 23(3), 265-287.
  • Basu, K. (2005). Globalization, poverty and inequality (Research Paper No. 2005/32). Helsinki: World Institute for Development Economic Research.
  • Brady, D., Beckfield, J., & Seeleib-Kaiser, M. (2005). Economic globalization and the welfare state in affluent democracies 1975–2001. American Sociological Review, 70(6), 921–948.
  • Breusch, T. S., & Pagan, A. R. (1980). The lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253.
  • Cornia, G. A. (1999). Liberalisation, globalisation and income distribution (Research Paper No. 1999/157). Helsinki: World Institute for Development Economic Research.
  • Cornia, G. A. (2003). The impact of liberalisation and globalisation on income inequality in developing and transitional economies. CESifo Economic Studies, 49(4), 581–616.
  • Çelik, O. (2021). Causality linkages between income inequality and financial globalization for G7 countries. Finansal Araştırmalar ve Çalışmalar Dergisi, 13(25), 344-360.
  • Destek, M.A. (2018). Dimensions of globalization and income inequality in transition economies: taking into account crosssectional dependence, Eastern Journal Of European Studies, 9(2), 5-25.
  • Dong, F. (2014). The impact of economic openness on standard of living and income inequality in eight countries. Emerging Markets Review, 21(C), 234-264.
  • Dorn, F., Fuest, C., & Potrafke, N. (2017). Globalisation and income inequality revisited (European Economy Discussion Paper No. 056). Luxembourg: European Economy.
  • Haq, M., Badshah, I., & Ahmad, I. (2016). Does globalisation shape income inequality? Empirical evidence from selected developing countries. The Pakistan Development Review, 251-270.
  • Heimberger, P. (2020). Does economic globalisation affect income inequality? A meta-analysis. World Economy, 43(11), 2960–2982.
  • Kaasa, A. (2003). Factors influencing income inequality in transition economies. Estonia: Tartu University Press. Lee, K. K. (2014). Globalization, income inequality and poverty: theory and empirics. Social Research, 8, 109-134.
  • Lee, C. C., Lee, C. C., & Lien, D. (2020). Income inequality, globalization, and country risk: a cross-country analysis, Technological and Economic Development of Economy, 26(2), 379-404.
  • Lundberg, M., & L. Squire (2003). The simultaneous evolution of growth inequality. The Economic Journal, 113(487), 326-344.
  • Martell, L. (2017). The sociology of globalization. United Kingdom: Cambridge Press.
  • Meschi, E., & Vivarelli, M. (2007). Globalization and income inequality (IZA Discussion Paper No. 2958). Bonn: Institute of Labor Economics.
  • Mikhalev, V. (2000). Inequality and transformation of social structures in transitional economies (Research Paper No. 2000/052). Helsinki: World Institute for Development Economic Research.
  • Mundell, R. A. (1957). International trade and factor mobility. American Economic Review, 47(3), 321-335.
  • Naceur, S. B., & Zhang, R. (2016). Financial development, inequality and poverty: some international evidence (IMF Working Paper No. 16/32). Washington, D.C.: International Monetary Fund.
  • Osinubi, T.T., & Olomola, P.A. (2021). Globalisation, income inequality and poverty relationships: evidence from Mexico, Indonesia, Nigeria and Turkey. Journal of Economic and Administrative Sciences, 37(2), 179-208.
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels (IZA Discussion Paper No. 1240). Bonn: Institute of Labor Economics.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross‐section dependence. Journal of Applied Econometrics, 22(2), 265-312.
  • Seven, U., & Coşkun, Y. (2016). Does financial development reduce income inequality and poverty? evidence from emerging countries. Emerging Market Review, 26(C) 34-63.
  • Singh, R., & Huang, Y. (2011). Financial deepening, property rights, and poverty: evidence from subsaharan africa (IMF Working Paper 11/196). Washington, D.C.: International Monetary Fund.
  • Westerlund, J., & Edgerton, D. L. (2007). A panel bootstrap cointegration test. Economics Letters, 97(3), 185-190.
  • Žarković R. J., Krstić, G., Oruč, N., & Bartlett, W. (2019). Income inequality in transition economies: a comparative analysis of Croatia, Serbia and Slovenia. Economic Annals, 64(223), 39-60.

GEÇİŞ EKONOMİLERİNDE GELİR EŞİTSİZLİĞİ İLE EKONOMİK KÜRESELLEŞME ARASINDAKİ İLİŞKİ

Yıl 2023, Cilt: 24 Sayı: 1, 314 - 331, 27.03.2023
https://doi.org/10.53443/anadoluibfd.1169379

Öz

Birçok gelişmiş ve gelişmekte olan ülkede gelir eşitsizliğinin artmasının nedeni olarak küreselleşmenin önemli bir rol oynadığı düşünülmektedir. 1980’li yıllarla birlikte, gelişmekte olan ülkelerin çoğu kısıtlayıcı ve ithal ikamesi politikalarını terk ederek, yerine ihracat ve ithalatı serbestleştirmeye dayalı politikalar uygulayarak, ticaretin serbestleştirilmesinin önünü açtılar. Bu nedenle, ekonomik küreselleşme, refah devletlerini şekillendiren mevcut ekonomik ortamı ve ülkeler arasındaki somut ekonomik değişimlerin artmasını içermektedir. Literatürdeki bazı çalışmalar hem gelişmiş hem de gelişmekte olan ülkelerde gelir eşitsizliğini azaltan iyimser bir görüşe sahip olup, bazı çalışmalar da küreselleşmenin her zaman gelir eşitsizliğini artırdığı yönünde karamsar bir bakış açısına sahiptir. Bu çalışmanın amacı da küreselleşme ve gelir eşitsizliği ilişkisinin yönünü Geçiş Ekonomileri özelinde incelemektir. Geçiş ekonomilerinin 1991-2019 dönemi için gelir eşitsizliği ve küreselleşme ilişkisi güncel panel veri modelleri kullanılarak incelenmektedir. Ekonometrik analiz sonuçlarına göre, geçiş ekonomilerinde gelir eşitsizliği ve küreselleşme, ticari açıklık ve ekonomik büyüme arasında uzun dönemli ilişkilerin varlığı kanıtlanmıştır.

Kaynakça

  • Abakumova, J., & Primierova, O. (2018) Economic growth, globalization and income inequality: the case of ukraine, globalization and its socio-economic consequences. T. Kliestik (Ed.), 18th International Scientific Conference, Part VI: Inequality in Society. (s. 2445-2452). Zilina: University of Zilina.
  • Atif, S. M., Srivastav, M., Sauytbekova, M., & Arachchige, U. K. (2012). Globalization and income inequality: A panel data analysis of 68 countries (MPRA Paper No. 42385). Munich Personal Repec Archive.
  • Atkinson, A. (1997). Bringing income distribution in from the cold. Economic Journal, 107(441), 297-321. Barlow, D., Grimalda, G., & Meschi, E. (2009). Globalisation vs internal reforms as factors of inequality in transition economies, International Review of Applied Economics, 23(3), 265-287.
  • Basu, K. (2005). Globalization, poverty and inequality (Research Paper No. 2005/32). Helsinki: World Institute for Development Economic Research.
  • Brady, D., Beckfield, J., & Seeleib-Kaiser, M. (2005). Economic globalization and the welfare state in affluent democracies 1975–2001. American Sociological Review, 70(6), 921–948.
  • Breusch, T. S., & Pagan, A. R. (1980). The lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253.
  • Cornia, G. A. (1999). Liberalisation, globalisation and income distribution (Research Paper No. 1999/157). Helsinki: World Institute for Development Economic Research.
  • Cornia, G. A. (2003). The impact of liberalisation and globalisation on income inequality in developing and transitional economies. CESifo Economic Studies, 49(4), 581–616.
  • Çelik, O. (2021). Causality linkages between income inequality and financial globalization for G7 countries. Finansal Araştırmalar ve Çalışmalar Dergisi, 13(25), 344-360.
  • Destek, M.A. (2018). Dimensions of globalization and income inequality in transition economies: taking into account crosssectional dependence, Eastern Journal Of European Studies, 9(2), 5-25.
  • Dong, F. (2014). The impact of economic openness on standard of living and income inequality in eight countries. Emerging Markets Review, 21(C), 234-264.
  • Dorn, F., Fuest, C., & Potrafke, N. (2017). Globalisation and income inequality revisited (European Economy Discussion Paper No. 056). Luxembourg: European Economy.
  • Haq, M., Badshah, I., & Ahmad, I. (2016). Does globalisation shape income inequality? Empirical evidence from selected developing countries. The Pakistan Development Review, 251-270.
  • Heimberger, P. (2020). Does economic globalisation affect income inequality? A meta-analysis. World Economy, 43(11), 2960–2982.
  • Kaasa, A. (2003). Factors influencing income inequality in transition economies. Estonia: Tartu University Press. Lee, K. K. (2014). Globalization, income inequality and poverty: theory and empirics. Social Research, 8, 109-134.
  • Lee, C. C., Lee, C. C., & Lien, D. (2020). Income inequality, globalization, and country risk: a cross-country analysis, Technological and Economic Development of Economy, 26(2), 379-404.
  • Lundberg, M., & L. Squire (2003). The simultaneous evolution of growth inequality. The Economic Journal, 113(487), 326-344.
  • Martell, L. (2017). The sociology of globalization. United Kingdom: Cambridge Press.
  • Meschi, E., & Vivarelli, M. (2007). Globalization and income inequality (IZA Discussion Paper No. 2958). Bonn: Institute of Labor Economics.
  • Mikhalev, V. (2000). Inequality and transformation of social structures in transitional economies (Research Paper No. 2000/052). Helsinki: World Institute for Development Economic Research.
  • Mundell, R. A. (1957). International trade and factor mobility. American Economic Review, 47(3), 321-335.
  • Naceur, S. B., & Zhang, R. (2016). Financial development, inequality and poverty: some international evidence (IMF Working Paper No. 16/32). Washington, D.C.: International Monetary Fund.
  • Osinubi, T.T., & Olomola, P.A. (2021). Globalisation, income inequality and poverty relationships: evidence from Mexico, Indonesia, Nigeria and Turkey. Journal of Economic and Administrative Sciences, 37(2), 179-208.
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels (IZA Discussion Paper No. 1240). Bonn: Institute of Labor Economics.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross‐section dependence. Journal of Applied Econometrics, 22(2), 265-312.
  • Seven, U., & Coşkun, Y. (2016). Does financial development reduce income inequality and poverty? evidence from emerging countries. Emerging Market Review, 26(C) 34-63.
  • Singh, R., & Huang, Y. (2011). Financial deepening, property rights, and poverty: evidence from subsaharan africa (IMF Working Paper 11/196). Washington, D.C.: International Monetary Fund.
  • Westerlund, J., & Edgerton, D. L. (2007). A panel bootstrap cointegration test. Economics Letters, 97(3), 185-190.
  • Žarković R. J., Krstić, G., Oruč, N., & Bartlett, W. (2019). Income inequality in transition economies: a comparative analysis of Croatia, Serbia and Slovenia. Economic Annals, 64(223), 39-60.
Toplam 29 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Ekonomi
Bölüm Araştırma Makalesileri
Yazarlar

Hatice Akdağ 0000-0002-9938-9794

E.yasemin Bozdağlıoğlu 0000-0002-9409-8509

Yayımlanma Tarihi 27 Mart 2023
Gönderilme Tarihi 31 Ağustos 2022
Yayımlandığı Sayı Yıl 2023 Cilt: 24 Sayı: 1

Kaynak Göster

APA Akdağ, H., & Bozdağlıoğlu, E. (2023). GEÇİŞ EKONOMİLERİNDE GELİR EŞİTSİZLİĞİ İLE EKONOMİK KÜRESELLEŞME ARASINDAKİ İLİŞKİ. Anadolu Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 24(1), 314-331. https://doi.org/10.53443/anadoluibfd.1169379

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