Research Article


DOI :10.26650/JEPR572329   IUP :10.26650/JEPR572329    Full Text (PDF)

Real Interest Rate and its Effect on Income Inequality

Muhammet Sait Bozik

Clarifying the factors for continually increasing income inequality is important to maintain fairness. This study, seeking to fulfil this objective, examines nine developed countries for the period of 2005-2015 and five developing countries for the period of 2003-2013. Utilizing panel data techniques, the study finds that where the price level of per capita investment is dependent variable of income distribution in developing countries, it exhibits a 5 pct-significance correlation. The real interest rate has no significant effect upon the income distribution variable. In developed countries, the human capital and real interest rate variable has a significant effect upon income distribution. Increase in human capital makes the income distribution fairer whereas increase in the real interest rate disrupts income equality.


JEL Classification : E43 , J24 , D63
DOI :10.26650/JEPR572329   IUP :10.26650/JEPR572329    Full Text (PDF)

Reel Faiz Oranı ve Gelir Eşitsizliği Üzerindeki Etkisi

Muhammet Sait Bozik

Sürekli artan gelir eşitsizliğinin faktörlerini netleştirmek, adaleti sağlamada etkin olmak açısından önemlidir. Bu amaç doğrultusunda yapılan bu çalışma, 2003-2013 yılları arası gelişmekte olan 5 ülke ve 2005-2015 yılları arası gelişmiş 9 ülkeyi incelemektedir. Panel veri teknikleri kullanılarak yapılan çalışmada gelişmekte olan ülkelerde kişi başı yatırımın fiyat seviyesi gelir dağılımı değişkeninin bağımlı değişken olduğu durumda %5 düzeyinde anlamlı bir ilişkiye sahiptir. Reel faiz oranı değişkeni ise gelir dağılımı değişkeni üzerinde anlamlı bir etkiye sahip değildir. Gelişmiş ülkelerde ise beşeri sermaye ve reel faiz oranı değişkeninin gelir dağılımı üzerinde anlamlı bir etkisi vardır. Beşeri sermayede meydana gelecek artış gelir dağılımı adaletini daha adaletli hale getirmekte iken reel faiz oranında meydana gelen artış gelir dağılımı adaletini bozmakta daha adaletsiz kılmaktadır.


JEL Classification : E43 , J24 , D63

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APA

Bozik, M.S. (0001). Real Interest Rate and its Effect on Income Inequality. Journal of Economic Policy Researches, 6(2), 107-120. https://doi.org/10.26650/JEPR572329


AMA

Bozik M S. Real Interest Rate and its Effect on Income Inequality. Journal of Economic Policy Researches. 0001;6(2):107-120. https://doi.org/10.26650/JEPR572329


ABNT

Bozik, M.S. Real Interest Rate and its Effect on Income Inequality. Journal of Economic Policy Researches, [Publisher Location], v. 6, n. 2, p. 107-120, 0001.


Chicago: Author-Date Style

Bozik, Muhammet Sait,. 0001. “Real Interest Rate and its Effect on Income Inequality.” Journal of Economic Policy Researches 6, no. 2: 107-120. https://doi.org/10.26650/JEPR572329


Chicago: Humanities Style

Bozik, Muhammet Sait,. Real Interest Rate and its Effect on Income Inequality.” Journal of Economic Policy Researches 6, no. 2 (Nov. 2024): 107-120. https://doi.org/10.26650/JEPR572329


Harvard: Australian Style

Bozik, MS 0001, 'Real Interest Rate and its Effect on Income Inequality', Journal of Economic Policy Researches, vol. 6, no. 2, pp. 107-120, viewed 25 Nov. 2024, https://doi.org/10.26650/JEPR572329


Harvard: Author-Date Style

Bozik, M.S. (0001) ‘Real Interest Rate and its Effect on Income Inequality’, Journal of Economic Policy Researches, 6(2), pp. 107-120. https://doi.org/10.26650/JEPR572329 (25 Nov. 2024).


MLA

Bozik, Muhammet Sait,. Real Interest Rate and its Effect on Income Inequality.” Journal of Economic Policy Researches, vol. 6, no. 2, 0001, pp. 107-120. [Database Container], https://doi.org/10.26650/JEPR572329


Vancouver

Bozik MS. Real Interest Rate and its Effect on Income Inequality. Journal of Economic Policy Researches [Internet]. 25 Nov. 2024 [cited 25 Nov. 2024];6(2):107-120. Available from: https://doi.org/10.26650/JEPR572329 doi: 10.26650/JEPR572329


ISNAD

Bozik, MuhammetSait. Real Interest Rate and its Effect on Income Inequality”. Journal of Economic Policy Researches 6/2 (Nov. 2024): 107-120. https://doi.org/10.26650/JEPR572329



TIMELINE


Submitted31.05.2019
Accepted20.06.2019

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