Macroeconomic impact of remittances on output growth: Evidence from Turkey Cover Image
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Türkiye’de işçi dövizlerinin toplam üretim büyümesine makroekonomik etkisi
Macroeconomic impact of remittances on output growth: Evidence from Turkey

Author(s): Aysit Tansel, Pinar Yasar
Subject(s): Geography, Regional studies, National Economy, Labor relations, Migration Studies, Socio-Economic Research
Published by: Transnational Press London
Keywords: Remittances; dynamic model; remittances induced output growth;

Summary/Abstract: In this study, a Keynesian model studying simultaneously, the impact of immigrant workers’ foreign currency transfers on macro variables such as consumption, investment, imports and income of Turkey is presented. While the calculated impact and dynamic multipliers of immigrant workers’ foreign currency transfers on consumption, imports and income is positive and gradually diminishing, their impact on investment is removed in the second year. With regard to its multiplying impact on income, it is observed that immigrant workers’ foreign currency transfers increases income notably. While the output growth resulting from immigrant workers’ foreign currency transfers reached highest level at the beginning of the seventies and the eighties, output growth during other periods, was negligibly low.

  • Issue Year: 9/2012
  • Issue No: 4
  • Page Range: 337-351
  • Page Count: 15
  • Language: Turkish