Guest Workers' Remittances and Output Fluctuations in Host and Home Countries : The Case of Remittances from Turkish Workers in Germany
Over the past decades, different Mediterranean countries have sent considerable numbers of workers to the EU area, generating sizable amounts of foreign exchange receipts through the remittances these guest workers have transferred back home. In some instances, however, the share of remittances in foreign exchange receipts has risen so high as to cause concern for policymakers, as they imply potentially serious effects on macroeconomic balances following sudden drops or jumps in remittances. Despite the importance of implications of the volatility of remittance receipts, the current literature severely lacks thorough investigations into the sources of this volatility. This paper aims to help fill this gap in the literature by documenting some key business cycle properties of workers' remittances received by the Turkish economy. More specifically, the paper investigates whether there is a relationship between the amount of remittances sent to Turkey by the large number of Turkish workers living and working in Germany, and up- and downswings that Turkish and German economies experience. For this purpose, regularities between fluctuations in the national outputs of respective economies and remittance flows to Turkey are analyzed by using time series data, and implications of results for the Turkish economy are discussed.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 40 (2004)
Issue (Month): 6 (November)
|Contact details of provider:|| Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=111024|
When requesting a correction, please mention this item's handle: RePEc:mes:emfitr:v:40:y:2004:i:6:p:68-81. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen)The email address of this maintainer does not seem to be valid anymore. Please ask Chris Nguyen to update the entry or send us the correct address
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.