The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
From: The relationship between financial development and income inequality in Turkey
Variables | Model I | Model II | Model III | Model IV |
---|---|---|---|---|
Short-run results | ||||
lnY | − 0.145** (− 2.721) | − 0.051 (− 0.856) | − 0.163*** (− 4.714) | − 0.209*** (− 3.342) |
lnINF | 0.020 (0.512) | 0.056*** (5.209) | 0.178*** (6.646) | 0.087* (2.036) |
lnG | − 0.103** (− 2.910) | − 0.205*** (− 4.982) | − 0.068** (− 2.475) | − 0.226*** (− 4.253) |
lnFD | 0.044*** (4.465) | – | – | – |
lnFD2 | − 0.019*** (− 4.198) | – | – | – |
lnBAD | – | 0.035** (2.597) | – | – |
lnBAD2 | – | − 0.020*** (− 3.152) | – | – |
lnSMD | – | – | − 0.020*** (− 5.754) | – |
lnSMD2 | – | – | − 0.005*** (− 4.206) | – |
lnBND | – | – | – | − 0.006 (− 0.543) |
lnBND2 | – | – | – | 0.004 (1.043) |
ECT (− 1) | − 0.090*** (− 4.970) | − 0.218*** (− 4.882) | − 0.911*** (− 6.277) | − 0.582*** (− 6.894) |
Long-run results | ||||
lnY | − 0.051* (− 1.997) | − 0.023** (− 2.525) | − 0.124*** (− 4.807) | − 0.155*** (− 3.313) |
lnINF | 0.030*** (4.803) | 0.025*** (4.557) | 0.009** (2.220) | 0.012** (2.920) |
lnG | − 0.108 (− 1.728) | − 0.174*** (− 3.590) | − 0.227** (− 3.205) | − 0.287** (− 3.021) |
lnFD | 0.051*** (3.359) | – | – | – |
lnFD2 | − 0.015** (− 2.416) | – | – | – |
lnBAD | – | 0.037*** (3.023) | – | – |
lnBAD2 | – | − 0.021** (− 2.835) | – | – |
lnSMD | – | – | − 0.009* (− 1.967) | – |
lnSMD2 | – | – | − 0.006* (− 1.998) | – |
lnBND | – | – | – | 0.012 (0.747) |
lnBND2 | – | – | – | 0.002 (0.443) |