Effect of international credits on income distributions of developing countries : a panel data analysis

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buir.advisorNeyaptı, Bilin
dc.contributor.authorAlus, Koray
dc.date.accessioned2016-07-01T11:05:06Z
dc.date.available2016-07-01T11:05:06Z
dc.date.issued2006
dc.descriptionCataloged from PDF version of article.en_US
dc.description.abstractToday, international credits are among the key ingredients of the growth strategies pursued by the developing countries and the investigation of the relationship between international credits and income distribution is of special importance when the effectiveness of such flows are evaluated. In this study, we examine the effect of international credits, including those disbursed by the World Bank (WB) and the International Monetary Fund (IMF), on the income distribution in developing countries using data for years 1961-1996 for 63 countries, with maximum of 163 country-year observations and panel data estimation procedure. Our results briefly indicate that the WB loans do not appear to have reduced inequality in the countries in our sample. Comparing the performance of the WB group to that of the IMF, we find that credits originated from the IMF have a significant improving effect on the income distribution; which is stronger in the transition countries. Our results also point out that the presence of high rates of inflation appears to aggravate inequality. Additionally, our findings support the empirical literature that there exists a positive relationship between the level of income and inequality in the early stages of development. Moreover, evidence from our regressions show that economic growth has not got a significant impact on income distribution. Finally, our results show that the inclusion of the governance variables leaves the former results intact, that is improvement in the governance measures has not sufficed to contribute to equality in distribution in the countries examined in this study.en_US
dc.description.provenanceMade available in DSpace on 2016-07-01T11:05:06Z (GMT). No. of bitstreams: 1 0003070.pdf: 743322 bytes, checksum: 6e78c3b3d9563842992b8e8846643cc9 (MD5) Previous issue date: 2006en
dc.description.statementofresponsibilityAlus, Korayen_US
dc.format.extentvii, 168 leaves, tablesen_US
dc.identifier.itemidBILKUTUPB098844
dc.identifier.urihttp://hdl.handle.net/11693/29788
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectIncome distributionen_US
dc.subjectInternational creditsen_US
dc.subjectAiden_US
dc.subjectGovernanceen_US
dc.subject.lccHC59.72.I5 A48 2006en_US
dc.subject.lcshIncome distribution Developing countries.en_US
dc.titleEffect of international credits on income distributions of developing countries : a panel data analysisen_US
dc.typeThesisen_US
thesis.degree.disciplineEconomics
thesis.degree.grantorBilkent University
thesis.degree.levelMaster's
thesis.degree.nameMA (Master of Arts)

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