Macroeconomic impact of remittances on output growth: Evidence from Turkey
AbstractThis study estimates a Keynesian simultaneous, dynamic macro-econometric model to investigate the impact of remittances on key macro variables such as consumption, investment, imports and income in Turkey. The estimated impact and dynamic multi-pliers indicate that impact of remittances on consumption, imports and income are all positive and reduce gradually while that on investment wears out in the second year. The impact multiplier for income implies a substantial increase in income due to remittances through the multiplier process. The remittances-induced output growth rate is highest during the early 1970s and the early 1980s, but negligible during the other years.
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Bibliographic InfoArticle provided by MTransnational Press London, London, UK in its journal Migration Letters.
Volume (Year): 7 (2010)
Issue (Month): 2 (October)
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Web page: http://www.migrationletters.com/
Other versions of this item:
- Tansel, Aysit & Yaşar, Pınar, 2010. "Macroeconomic Impact of Remittances on Output Growth: Evidence from Turkey," IZA Discussion Papers 5376, Institute for the Study of Labor (IZA).
- Aysit Tansel & Pinar Yasar, 2010. "Macroeconomic Impact of Remittances on Output Growth: Evidence From Turkey," Working Papers 2010/12, Turkish Economic Association.
- Aysit Tansel & Pinar Yasar, 2010. "Macroeconomic Impact of Remittances on Output Growth: Evidence from Turkey," ERC Working Papers 1002, ERC - Economic Research Center, Middle East Technical University, revised Jun 2010.
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
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