International Conference on Eurasian Economies
11-13 June 2019 – Famagusta, Turkish Republic of Northern Cyprus
Paper properties
Paper ID : 2294
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Dr. Duygu Serin Oktay
Session : 3B Büyüme-Teknoloji
The Effect of Technology Spillovers on Income Distribution: An Application on OECD Countries
Teknolojik Yayılımının Gelir Dağılımı Üzerine Etkisi: OECD Ülkeleri Üzerine Bir Uygulama
- Prof. Dr. Neşe Algan (Çukurova University, Türkiye)
- Assoc. Prof. Dr. Erhan İşcan (Çukurova University, Türkiye)
- Dr. Duygu Serin Oktay (Çukurova University, Türkiye)
Abstract
Ensuring a fair income distribution to increase social welfare is one of the main objectives of economic policies. With the acceleration of innovations in information and communication technology in the 20th century, the developments in technology have been characterized as the main reason for growth, welfare and productivity growth. However, rapid technological developments have revealed that significant changes in the dynamics of income inequalities occur at the same time. The growth in income inequality has increased significantly in many countries recently. Accordingly, the notion that the spread of technology has led to growth in income inequality has attracted attention in recent years. In the light of this information, the aim of the study is to reveal the impact of the spread of new technologies on income inequality and the factors underlying the income inequality dynamics. Therefore, the purpose of this study is to examine the impact of technology spillovers on income inequality of selected OECD countries including Turkey using panel data analysis. The data for all countries obtained from the World Bank’s Development Indicators and OECD. Stat. The empirical conclusion indicated the effect of the technology spillovers on income inequality. This empirical finding contributed to promote the existing literature, and also draws main attention of policymakers. Because, knowing the factors underlying income inequality, which is seen as an important economic and social problem, is important in determining effective policies to ensure a more equitable income distribution.
JEL codes:
Algan, Neşe, İşcan, Erhan, Serin Oktay, Duygu (2019). "The Effect of Technology Spillovers on Income Distribution: An Application on OECD Countries" in Proceedings of International Conference of Eurasian Economies 2019, pp.179-186, Famagusta, Turkish Republic of Northern Cyprus.
DOI: https://doi.org/10.36880/C11.02294
