Abstract:
مقاله حاضر به بررسی رابطه همگرایی و آزمون علیت بین پدیده مالیسازی و نابرابری درآمدی در سطح کلان اقتصاد ایران طی بازه زمانی 1396-1380 پرداخته است. با گردآوری اطلاعات آماری، رابطه بلندمدت بین سه شاخص مالیسازی (سهم ارزش افزوده بخش مالی، سهم اشتغال بخش مالی و اندازه بازار سرمایه) در کنار متغیرهای نرخ بیکاری، نرخ تورم و شدت تجاری و ضریب جینی به عنوان شاخص نابرابری درآمدی مورد بررسی قرار گرفته است. با بکارگیری آزمون کرانهها، وجود رابطه همجمعی مورد آزمون قرار گرفت و سپس با بهرهگیری از آزمون علیت تودا-یاماموتو، رابطه علی بین نابرابری درآمدی و مالی-سازی مورد بررسی قرار گرفت. نتایج بدست آمده حاکی از وجود رابطه بلندمدت بین متغیرهای مورد استفاده در تحقیق بوده و نشان میدهد که تنها یک رابطه یک سویه از سمت شاخصهای مالیسازی به سمت نابرابری درآمدی وجود دارد.
The present paper addresses the long-run and causality relationship between financialization and income inequality in the macroeconomic level of Iran during the period of 2002-2018. By collecting required data, the relationship and causality between three financialization indicators (financial value added as total economy value added, financial employment as total economy employment, and market capitalization as share of GDP) along with unemployment rate, inflation rate and trade openness and Gini coefficient, as an indicator of income inequality, has been investigated. Using ARDL bounds testing approach, cointegration analysis was performed and then causality between financialization indices and income inequality is tested using Toda-Yamamoto approach. Findings of the research show that there exists a long-run relationship between considered variables when income inequality variable is utilized as dependent variable. Also, there is a unidirectional causality from financialization indicators to income inequality. This result verifies the results obtained by other researches in this field. However, because of limitation of this study to access data, the effect of financialization indices to income inequality is not estimated. It is suggested to researchers do the same study by focus on financialization phenomenon in micro level and longer period of time. The present paper addresses the long-run and causality relationship between financialization and income inequality in the macroeconomic level of Iran during the period of 2002-2018. By collecting required data, the relationship and causality between three financialization indicators (financial value added as total economy value added, financial employment as total economy employment, and market capitalization as share of GDP) along with unemployment rate, inflation rate and trade openness and Gini coefficient, as an indicator of income inequality, has been investigated.