Kuznets Hipotezi'nin Geçerliğinin Yumuşak Geçişli Panel Regresyon Modeli ile Analizi.

Economic growth is defined as the increase in real GDP. However, economic growth may not fully reflect the increase in individual welfare. Therefore, it is important to consider income distribution as well as economic growth. Studies examining both the course of development of these two variables and their relationship with each other have a large place in the economic literature. The aim of this study is to investigate the validity of the Kuznets Hypothesis, which reveals the relationship between income distribution and economic growth, for the selected country group. For this purpose, panel smooth transition regression (PSTR) model is estimated by using real per capita GDP values and Gini coefficients of the 20 European Union member states for the period of 2005-2019. According to the findings of the study, Kuznets Hypothesis, which states that the effect of economic growth on income distribution is in inverted-Uformat, is valid for the selected country group in the period. The threshold income level for the selected country group and the period studied was determined as $ 11.524 (ppp). Income inequality increases up to the threshold income level. Income inequality decreases after the threshold income level is exceeded. [ABSTRACT FROM AUTHOR]