THE LINKAGE BETWEEN ECONOMIC DEVELOPMENT AND INCOME DISTRIBUTION IN MIST COUNTRIES: PANEL ARDL ANALYSIS

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dc.authoridTARAKCIOGLU ALTINAY, AYSENUR/0000-0001-6963-2346
dc.authoridTUFANER, Mustafa Batuhan/0000-0003-0415-4368
dc.contributor.authorAltinay, Aysenur Tarakcioglu
dc.contributor.authorTufaner, Mustafa Batuhan
dc.contributor.authorSozen, Ilyas
dc.date.accessioned2025-03-09T10:48:36Z
dc.date.available2025-03-09T10:48:36Z
dc.date.issued2024
dc.departmentİstanbul Beykent Üniversitesi
dc.description.abstractEconomic development and income distribution are central issues in economics, with their relationship being critical for sustainable development. Imbalances in income distribution can slow economic growth and reduce societal welfare. Thus, development policies should prioritize not just growth but also equitable income distribution. A balanced income distribution enhances social acceptance and ensures the sustainability of development. This study examines the relationship between economic development and income distribution in MIST countries (Mexico, Indonesia, South Korea, and Turkey) from 1990 to 2022, as classified by economist Jim O'Neill. Using a panel ARDL model, the findings show that economic development reduces income inequality. However, industrialization, a marker of technological progress, tends to increase inequality. These insights have significant policy implications. To mitigate income inequality, MIST countries should emphasize the three pillars of economic development: education, health, and growth. Policymakers must reassess industrialization strategies, promoting renewable energy while addressing inequality. Subsidies to non-renewable sectors and improved vocational training for unskilled labor can reduce the dual economic structure created by technological advancements. By implementing vocational programs and orientation initiatives, governments can limit the adverse effects of industrialization on unskilled workers, ensuring more equitable growth.
dc.identifier.doi10.30784/epfad.1591103
dc.identifier.endpage742
dc.identifier.issn2587-151X
dc.identifier.issue4
dc.identifier.scopusqualityN/A
dc.identifier.startpage729
dc.identifier.urihttps://doi.org/10.30784/epfad.1591103
dc.identifier.urihttps://hdl.handle.net/20.500.12662/4618
dc.identifier.volume9
dc.identifier.wosWOS:001390416100006
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherEconomic And Financial Research Assoc - Efad
dc.relation.ispartofEkonomi Politika & Finans Arastirmalari Dergisi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20250310
dc.subjectEconomic
dc.subjectDevelopment
dc.subjectIncome
dc.subjectDistribution
dc.subjectPanel ARDL
dc.titleTHE LINKAGE BETWEEN ECONOMIC DEVELOPMENT AND INCOME DISTRIBUTION IN MIST COUNTRIES: PANEL ARDL ANALYSIS
dc.typeArticle

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