International Conference on Eurasian Economies
12-14 October 2011 – Bishkek, KYRGYZSTAN
Paper detail
Paper ID : 291
Status : Paper published
Language : Turkish
Topic : Regional Economics
Presenter: Prof. Dr. Ayşen Hiç Gencer
Session : 6C Orta Asya Ekonomileri III
The Relationship between Economic Growth and Income Distribution: The Case of Transition Economies
Ekonomik Büyüme ve Gelir Dağılımı İlişkileri: Geçiş Ekonomileri Deneyimi
- Asst. Prof. Dr. Dilek Özdemir (Atatürk University, Türkiye)
- Prof. Dr. Ömer Selçuk Emsen (Atatürk University, Türkiye)
- Prof. Dr. Ayşen Hiç Gencer (Istanbul Beykent University, Türkiye)
- Dr. Cemil Hakan Kılıç (İstanbul Chamber of Commerce, Türkiye)
Abstract
In the literature on economic growth, Kuznets curve shows the relationship between growth and income distribution. According to the Kuznets curve, as per capita income rises, income distribution would first become more unequal, and then less unequal. This means that, in a less developed country poverty is shared; in a developing country the difference between the rich and the poor becomes wider; and in a developed country richness is shared. In economies in transition, from socialism to market economy, however, income distribution should be less unequal because of the socialist system. But during the transition, there occurred recessions that led to falls in income. Therefore, during the transition process, as income decreased, income distribution became more unequal. In this study, the relationship between per capita income and income distribution on the transition economies are investigated by means of panel data analysis. The results obtained are then compared with the Kuznets curve.
JEL codes: C31, D63, O15
Özdemir, Dilek, Emsen, Ömer Selçuk, Gencer, Ayşen Hiç, Kılıç, Cemil Hakan (2011). "The Relationship between Economic Growth and Income Distribution: The Case of Transition Economies" in Proceedings of International Conference of Eurasian Economies 2011, pp.440-447, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C02.00291
Session 6C: Orta Asya Ekonomileri III
