Relationship Between Income Inequality And Economic Growth: A Comparative Analysis Of Developed And Developing Countries
Economic growth is one of most important indicator in order to evaluate macroeconomic performance of countries. Thus, increase in gross domestic product, expressed as economic growth, is considered as an indicator of economic prosperity. However, despite the economic growth of countries, it is obser...
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| Format: | Article |
| Language: | English |
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Selcuk University
2019-04-01
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| Series: | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/download/article-file/679413 |
| _version_ | 1797666735748284416 |
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| author | Erdem Bağcı |
| author_facet | Erdem Bağcı |
| author_sort | Erdem Bağcı |
| collection | DOAJ |
| description | Economic growth
is one of most important indicator in order to evaluate macroeconomic
performance of countries. Thus, increase in gross domestic product, expressed
as economic growth, is considered as an indicator of economic prosperity.
However, despite the economic growth of countries, it is observed that income
distribution equality, which is an important indicator of economic prosperity,
is not provided. On the contrary, income distribution inequality is increasing
day by day all over the world. In this study, the relationship between economic
growth and income distribution inequality has been analyzed by examining the
secondary data and literature. As a result of the study, it is concluded that
economic growth is not sufficient to reduce the income distribution inequality.
In addition, the problem of income distribution inequality is not only the
problem of developing countries, but also the problem of developed countries.
Therefore, all countries which wishing to solve this problem, should review
their economic policies and adopt policies that would cover all segments of
society and provide equal opportunities to all member of society. For example,
in the provision of basic needs, education, health, social security and
entrepreneurship, all member of the society should benefit from public
facilities at an adequate level. |
| first_indexed | 2024-03-11T20:02:50Z |
| format | Article |
| id | doaj.art-c6cda8273a274469915236e789f95d7c |
| institution | Directory Open Access Journal |
| issn | 2564-7458 |
| language | English |
| last_indexed | 2024-03-11T20:02:50Z |
| publishDate | 2019-04-01 |
| publisher | Selcuk University |
| record_format | Article |
| series | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi |
| spelling | doaj.art-c6cda8273a274469915236e789f95d7c2023-10-04T08:25:06ZengSelcuk UniversitySelçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi2564-74582019-04-0122118719310.29249/selcuksbmyd.527929154Relationship Between Income Inequality And Economic Growth: A Comparative Analysis Of Developed And Developing CountriesErdem BağcıEconomic growth is one of most important indicator in order to evaluate macroeconomic performance of countries. Thus, increase in gross domestic product, expressed as economic growth, is considered as an indicator of economic prosperity. However, despite the economic growth of countries, it is observed that income distribution equality, which is an important indicator of economic prosperity, is not provided. On the contrary, income distribution inequality is increasing day by day all over the world. In this study, the relationship between economic growth and income distribution inequality has been analyzed by examining the secondary data and literature. As a result of the study, it is concluded that economic growth is not sufficient to reduce the income distribution inequality. In addition, the problem of income distribution inequality is not only the problem of developing countries, but also the problem of developed countries. Therefore, all countries which wishing to solve this problem, should review their economic policies and adopt policies that would cover all segments of society and provide equal opportunities to all member of society. For example, in the provision of basic needs, education, health, social security and entrepreneurship, all member of the society should benefit from public facilities at an adequate level.https://dergipark.org.tr/tr/download/article-file/679413economic growthinequalitygini indexhuman development indexeconomic growthinequalitygini indexhuman development index |
| spellingShingle | Erdem Bağcı Relationship Between Income Inequality And Economic Growth: A Comparative Analysis Of Developed And Developing Countries Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi economic growth inequality gini index human development index economic growth inequality gini index human development index |
| title | Relationship Between Income Inequality And Economic Growth: A Comparative Analysis Of Developed And Developing Countries |
| title_full | Relationship Between Income Inequality And Economic Growth: A Comparative Analysis Of Developed And Developing Countries |
| title_fullStr | Relationship Between Income Inequality And Economic Growth: A Comparative Analysis Of Developed And Developing Countries |
| title_full_unstemmed | Relationship Between Income Inequality And Economic Growth: A Comparative Analysis Of Developed And Developing Countries |
| title_short | Relationship Between Income Inequality And Economic Growth: A Comparative Analysis Of Developed And Developing Countries |
| title_sort | relationship between income inequality and economic growth a comparative analysis of developed and developing countries |
| topic | economic growth inequality gini index human development index economic growth inequality gini index human development index |
| url | https://dergipark.org.tr/tr/download/article-file/679413 |
| work_keys_str_mv | AT erdembagcı relationshipbetweenincomeinequalityandeconomicgrowthacomparativeanalysisofdevelopedanddevelopingcountries |