What Affects the Remittances of Turkish Workers: Turkish or German Output?
AbstractIn this paper we examine the interactions between the remittances of the Turkish workers in Germany and the output both in Turkey and in Germany. In our analysis we use the new data set provided by the German monetary authorities, which was never before employed in the literature and which we consider as a more reliable source than the data sets used in the other studies. We show that the remittances positively respond to the changes in the German output and do not react at all to the changes in Turkish output. This finding is consistent with the "remittance maximization" and "inheritance" motives of the migrants' behavior.
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Bibliographic InfoPaper provided by DIW Berlin, German Institute for Economic Research in its series Discussion Papers of DIW Berlin with number 622.
Length: III, 22 p.
Date of creation: 2006
Date of revision:
Publication status: Published in: Emerging Markets Finance & Trade 44 (2008), No.5, 23-40
Migration; remittances; Turkey; Germany;
Find related papers by JEL classification:
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Geographic Labor Mobility; Immigrant Workers
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-09-30 (All new papers)
- NEP-CBA-2006-09-30 (Central Banking)
- NEP-CWA-2006-09-30 (Central & Western Asia)
- NEP-MAC-2006-09-30 (Macroeconomics)
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