Yükselen Piyasa Ekonomilerinde Gelir Dağılımının Sorunlu Kredilere Etkisi

Abstract

The main purpose of the study is to analyze the effects of income inequality on non-performing loans by controlling the effects of other macroeconomic variables for 13 emerging market economies in the 2000–2020 period. In this context, the variables of GDP, unemployment, inflation, domestic credit to the private sector, foreign direct investment and current account deficit were also included in the model and the data were tested with the panel ARDL approach. As a result of the analysis, in emerging market countries, it has been observed that there is a positive and significant relationship between non-performing loans and income distribution in the long run. Therefore, it can be interpreted that income inequality has increased the problem of loans. In addition to these results, a positive and significant relationship was found between non-performing loans and growth, domestic loans to the private sector and unemployment, and a negative and significant relationship between inflation, current account balance, and non-performing loans. In this sense, economic growth, domestic loans given to the private sector, and unemployment rates were the factors that increased non-performing loans apart from income distribution. Finally, the effect of the foreign direct investment variable on non-performing loans was not found to be statistically significant. According to the results obtained, it was observed that the coefficient signs of the variables used in the study were compatible with the literature.