The Relationship between Economic Growth and Income Distribution in Turkey and the Turkish Republics of Central Asia and Caucasia: Dynamic Panel Data Analysis with Structural Breaks

Mehmet Mercan () and Ozlem Azer ()

Eurasian Economic Review, 2013, vol. 3, issue 2, 165-182

Abstract: In this study, the effect of economic growth on income distribution was tested using data from Central Asian and Caucasian countries’ economies (Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan) and Turkish economy over the period of 1995 to 2009. New generation panel data methods, which consider cross-section dependence and structural breaks among countries, were used for the analysis. The results indicate that there exists co-integration among the series. We found that that the economic growth had a negative effect on the income distributions across the countries. In particular, the results show that the economic growth improved the income distribution in Turkey and Azerbaijan. Copyright Eurasia Business and Economics Society 2013

Keywords: Income Distribution; Gini Coefficient; Transition Countries; Panel Data Analysis with Structural Breaks; C33; E24; O15 (search for similar items in EconPapers)
Date: 2013
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DOI: 10.14208/eer.2013.03.02.004

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