Income Inequality and Economic Convergence in Turkey |
| |
Authors: | Julide Y?ld?r?m Nadir Öcal |
| |
Institution: | (1) Department of Econometrics, Gazi University, Ankara, Turkey;(2) Department of Economics, Middle East Technical University, Ankara, Turkey |
| |
Abstract: | Even though the convergence of regional per capita incomes has been a highly debated issue internationally, empirical evidence
regarding Turkey is both limited and contradictory. This paper is an attempt to investigate regional income inequality and
convergence dynamics in Turkish gross domestic product. First, the Theil coefficient of concentration index has been employed
in order to analyze the dispersion aspects of the convergence process which shows a procyclical character. Then, we investigate
the convergence dynamics, taking regional interdependencies into account. Empirical results indicate that there is convergence
at the national level. Moreover, the spatial error model is preferred by the model selection criteria, indicating that the
typical least-squares regional convergence model is misspecified. |
| |
Keywords: | income inequality convergence spatial analysis Turkey |
本文献已被 SpringerLink 等数据库收录! |
|