The effect of financial development on income inequality in Turkey: An estimate of the Greenwood-Jovanovic hypothesis
Published Online: Dec 21, 2019
Page range: 319 - 344
Received: Sep 21, 2018
Accepted: Oct 04, 2019
DOI: https://doi.org/10.2478/revecp-2019-0017
Keywords
© 2019 Emrah Koçak et al., published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
This paper is the first to examine the linear and nonlinear effect of financial development on income inequality in Turkey over the period of 1980-2013. Financial development is represented by disaggregated and aggregated indicators. In this way, the effects of various financial indicators on income inequality are explained.