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dc.contributor.authorYeldan, A. E.en_US
dc.date.accessioned2018-04-12T13:38:28Z
dc.date.available2018-04-12T13:38:28Z
dc.date.issued2004en_US
dc.identifier.isbn9780191601255
dc.identifier.isbn9780199271412
dc.identifier.urihttp://hdl.handle.net/11693/37819
dc.description.abstractThis is the third of five country case studies on income inequality, and investigates the impact of financial liberalization and the rise of financial rents on income inequality in Turkey. The chapter has five sections: Introduction; Indicators of Income Distribution: The Evidence-a broad overview, and evidence on the patterns of income distribution in Turkey over the last three decades; Macroeconomic Adjustment under Financial Liberalization and the Rise of Financial Rents-a discussion of the evolution of functional categories of income that includes an account of the macroeconomic adjustment; The Rising Fiscal Gap and the Role of the State in Regulating the Distributional Structure-a detailed analysis of the rise in public sector deficits and the distributive consequences of the widening fiscal gap; and Concluding Comments and Overall Assessment. Sect. 3 looks at the inherent tensions caused by the macroeconomic disequilibria embodied in the process of integration with world markets under conditions of a poorly supervised banking system and underdeveloped and fragile domestic asset markets; here, it is found to be analytically convenient to decompose the path of Turkish liberalization after 1980 into two major subperiods partitioned by the strategic step of capital account deregulation-which took place in 1989 and was completed by the full integration of the domestic market into global financial markets. This section also studies the patterns of the wage cycle and productivity growth using quantitative filtering techniques, and reports on the disassociation of labour remunerations from the productivity gains in the real sphere of the economy. © United Nations University/World Institute for Development Economics Research (UNU/WIDER) 2004. All rights reserved.en_US
dc.language.isoEnglishen_US
dc.source.titleInequality Growth and Poverty in an Era of Liberalization and Globalizationen_US
dc.relation.isversionofhttp://dx.doi.org/10.1093/0199271410.003.0014en_US
dc.subjectBanking systemen_US
dc.subjectCapital account deregulationen_US
dc.subjectCapital accountsen_US
dc.subjectCase studiesen_US
dc.subjectDeregulationen_US
dc.subjectDomestic asset marketsen_US
dc.subjectFinancial liberalizationen_US
dc.subjectFinancial rentsen_US
dc.subjectFiscal gapen_US
dc.subjectIncomeen_US
dc.subjectIncome distributionen_US
dc.subjectIncome inequalityen_US
dc.subjectInequalityen_US
dc.subjectIntegration with world marketsen_US
dc.subjectLabour remunerationen_US
dc.subjectLiberalizationen_US
dc.subjectMacroeconomic adjustmenten_US
dc.subjectProductivity gainsen_US
dc.subjectProductivity growthen_US
dc.subjectPublic sector deficitsen_US
dc.subjectTurkeyen_US
dc.subjectWage cycleen_US
dc.titleThe impact of financial liberalization and the rise of financial rents on income inequality: the case of Turkeyen_US
dc.typeBook Chapteren_US
dc.departmentDepartment of Economicsen_US
dc.identifier.doi10.1093/0199271410.003.0014en_US
dc.publisherOxford University Pressen_US


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