Income Distribution and Redistribution

Yılmaz, Ensar; Sefil-Tansever, Sinem

doi:10.1080/00213624.2019.1675449

Cited by 4 publications

(2 citation statements)

References 12 publications

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“…Improving the quality of institutions in these countries can prevent a small minority from obtaining such exemptions and can create a more just tax system. In addition, increasing tax revenues can create resources for more effective redistribution policies [80].…”

Section: Discussionmentioning

confidence: 99%

Income Inequality, Institutions, and Freedom of the Press: Potential Mechanisms and Evidence

Uzar

2023

Sustainability

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In the last few decades, income distribution has deteriorated in a large part of the world. The inability to stop inequality has evolved into a major social crisis and has become one of the most urgent issues globally. Given the importance of the issue, identifying the root causes of inequality can be a guide for policy makers in solving the problem. Although there are a few studies linking institutional quality with income inequality in recent years, the question of whether freedom of the press affects income distribution remains unanswered. This study is the first attempt to address this question. With this motivation, the study researches the influences of institutional quality and freedom of the press on income inequality for the BRICS-T (Brazil, Russia, India, China, South Africa, and Turkey) countries for the period 1993–2016. Moreover, globalization, economic growth, and trade openness are included in the model to avoid the problem of omitted variable bias in explaining inequality. The study findings indicate that institutional quality and freedom of press, which are the main independent variables for the entire panel, reduce inequality. In addition, although trade openness is a factor that reduces inequality, globalization and economic growth are not statistically significant. Although the country-specific estimates show heterogeneity, they are quite promising in terms of inequality, institutional quality, and freedom of the press. In this framework, policy makers can reduce inequalities by designing policies that emphasize institutional quality and freedom of the press. With such a win-win opportunity, BRICS-T countries can achieve two important gains to reach developed country status.

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Section: Discussionmentioning

confidence: 99%

Income Inequality, Institutions, and Freedom of the Press: Potential Mechanisms and Evidence

Uzar

2023

Sustainability

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“…It is thus important to conduct a more thorough and systematic analysis of the interaction between globalisation and income inequality, considering existing debates among the variables. Wheres, there is very little research on a globalisation-inequality nexus (Cornia, 2004;Oyvat, 2011, Yilmaz & Sefil-Tansever, 2019Erkul & Demir Erkul, 2019;Temilola Osinubi & Akanni Olomola, 2020;Osinubi & Olomola, 2021), there are no specific studies that explain the heterogeneous impact of globalisation on income distribution in Turkey. From an empirical point of view, analysis in Turkey has been done in the specific topic of financial development (Kocak et al, 2019;Topuz & Dağdemir, 2020 ), redistribution of assets (Kayıkçı, 2019), social assistance budgets (Tekgüç, 2018), the effect of CO 2 emission (Demir et al, 2019), public debt (Arslan, 2019), education (Öztürk & Kayaoğlu, 2016), tourism (Uzar & Eyuboglu, 2019), military spending (Elveren, 2012), household-level inflation (Kizilirmak & Akkoc, 2021), inflation and employment (Serin Oktay, 2019), homeownership (Dayioğlu & Başlevent, 2006) and foreign trade (Öz, 2017).…”

Section: Figure 1: Real Gdp Per Capita In Turkeymentioning

confidence: 99%

Heterogenous Impact of Globalisation on Income Inequality in Turkey

Ahmad

2021

LBIBF

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Theoretical claims about the globalisation-income nexus imply that globalisation in general benefits all groups of countries, that more integrated economies tend to grow faster and economic growth usually improves economic performance, social and political relations. However, previous literature shows opposite findings, globalisation drops developing countries into an income inequality trap. As a developing country, Turkey qualifies as one of the more unequal economies. In view of this, the study suggests the impact of globalisation on income distribution in Turkey is Heterogeneous by implementing Quantile Regression (QR) analysis. In doing so, the possibility of effects of globalisation on unequal explains two levels of the income distribution, namely high-level income and low-level income. This finding provides a thorough explanation for each quantile response from the income distribution. It was determined that the impact of globalisation on the low-income level is greater than the impact on the high-income level in Turkey. In rapidly growing unequal distribution, the income gap between low and high-income levels is even in decline. Thus, Turkey’s government should pay greater attention to the low-income group in order to mitigate the negative effects of globalisation. As well as a policy recommendation, it is recommended that Turkey’s governments to reform and welcome globalisation activities such as trade and FDI. Due to this suggestion, Turkey is highly recommended to well prepare training workers, education platforms and tariff deregulations. In sum, foreign financing and integration with the international capital markets will increase the productive capacity in the low-level income group.

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Why Income Gaps Persist: Productivity Gaps, (No-)Catch-up and Industrial Policies in Developing Countries

Yülek¹,

Santos²

2022

Journal of Economic Issues

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Income Distribution and Redistribution

Cited by 4 publications

References 12 publications

Income Inequality, Institutions, and Freedom of the Press: Potential Mechanisms and Evidence

Income Inequality, Institutions, and Freedom of the Press: Potential Mechanisms and Evidence

Heterogenous Impact of Globalisation on Income Inequality in Turkey

Why Income Gaps Persist: Productivity Gaps, (No-)Catch-up and Industrial Policies in Developing Countries

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