The Relationship Between Trade Openness and Income Distribution in Turkish Economy: Toda-Yamamoto Causality Test Approach

Onur ERCAN

Makale detayları

The Relationship Between Trade Openness and Income Distribution in Turkish Economy: Toda-Yamamoto Causality Test Approach

Yazarlar:

Onur ERCAN

Yayıncı:

Fatih DEYNELİ

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

BİLTÜRK Journal of Economics and Related Studies 2020 Vol.2 Issue 3, pp.471-486

Belge Tipi:

Makale

Yayın Tarihi:

7/2020

Belge Dili:

Türkçe

Document ID (Org No.):

2000903280

Sıklık:

Üç Aylık

eISSN:

2667-5927

Anahtar kelimeler:

Özet:

 

How the income, which expresses the value obtained by the factor owners as a result of the production process, is distributed among individuals is important for socio-economic development as well as how it is obtained. Because income distribution is affected by many macroeconomic variables and affects economies of the countries. According to the Stolper-Samuelson Theorem, which explains the effects of free foreign trade on income distribution, the trade liberalization process reveals a trend of equalization in income distribution. The main purpose of the current study is to test whether free trade yields a synchronized trend in the distribution of income for Turkey within the framework of the Stolper-Samuelson theorem.

        In this study, commercial openness and income distribution inequality relationship was analyzed using data for years 1987-2018 in Turkey by Toda-Yamamoto causality. As a result of the econometric analysis, it was found out that the determination of a one-way causality from the real commercial openness to the income distribution inequality does not reveal a tendency to equalization in the income distribution, as opposed to what is suggested in the Stolper-Samuelson Theorem.

 


How the income, which expresses the value obtained by the factor owners as a result of the production process, is distributed among individuals is important for socio-economic development as well as how it is obtained. Because income distribution is affected by many macroeconomic variables and affects economies of the countries. According to the Stolper-Samuelson Theorem, which explains the effects of free foreign trade on income distribution, the trade liberalization process reveals a trend of equalization in income distribution. The main purpose of the current study is to test whether free trade yields a synchronized trend in the distribution of income for Turkey within the framework of the Stolper-Samuelson theorem. In this study, commercial openness and income distribution inequality relationship was analyzed using data for years 1987-2018 in Turkey by Toda-Yamamoto causality. As a result of the econometric analysis, it was found out that the determination of a one-way causality from the real commercial openness to the income distribution inequality does not reveal a tendency to equalization in the income distribution, as opposed to what is suggested in the Stolper-Samuelson Theorem.

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Makale detayları

The Relationship Between Trade Openness and Income Distribution in Turkish Economy: Toda-Yamamoto Causality Test Approach

Yazarlar:

Onur ERCAN

Yayıncı:

Fatih DEYNELİ

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

BİLTÜRK Journal of Economics and Related Studies 2020 Vol.2 Issue 3, pp.471-486

Belge Tipi:

Makale

Yayın Tarihi:

7/2020

Belge Dili:

Türkçe

Document ID (Org No.):

2000903280

Sıklık:

Üç Aylık

eISSN:

2667-5927

Stolper-Samuelson theorem

İncome Distribution

Toda

Sayı

Makale detayları

The Relationship Between Trade Openness and Income Distribution in Turkish Economy: Toda-Yamamoto Causality Test Approach

Yazarlar: Onur ERCAN

Yayıncı: Fatih DEYNELİ

Ana Başlıklar: Ekonomi ve Maliye

Dergi: BİLTÜRK Journal of Economics and Related Studies 2020 Vol.2 Issue 3, pp.471-486

Belge Tipi: Makale

Yayın Tarihi: 7/2020

Belge Dili: Türkçe

Document ID (Org No.): 2000903280

Sıklık: Üç Aylık

eISSN: 2667-5927

Stolper-Samuelson theorem

İncome Distribution

Toda

Sayı

Yazarlar:

Onur ERCAN

Yayıncı:

Fatih DEYNELİ

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

BİLTÜRK Journal of Economics and Related Studies 2020 Vol.2 Issue 3, pp.471-486

Belge Tipi:

Makale

Yayın Tarihi:

7/2020

Belge Dili:

Türkçe

Document ID (Org No.):

2000903280

Sıklık:

Üç Aylık

eISSN:

2667-5927