Sürdürülebilir Kalkınma Amaçları

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• MakaleYalnız künye2021/r/gumushane/17650
  Causality linkages between income inequality and financial globalization for G7 countries

  Çelik, Orkun

  The main aim of this study is to evaluate the causality linkages between income inequality and financial glo- balization for G7 countries over the period 1970-2015. The bootstrap panel Granger causality analysis by Kónya (2006) is used. The empirical results indicate that there is a causality linkage between income inequality and fi- nancial globalization in most of the G7 countries. Furthermore, it is shown that income tax has a significant role on the causality linkage. Hence, in order to reduce income inequality, policy makers should apply high taxes on top income, using fiscal policy instruments.

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  AtıfOpenAlex2·TR Dizin1

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