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Determinants of Workers' Remittances : The Case of Turkey

Listed author(s):
  • OSMAN TUNCAY AYDAS
  • KIVILCIM METIN-OZCAN
  • BILIN NEYAPTI

Workers' remittance flows to Turkey have dramatically increased since the 1960s, constituting a significant proportion of imports. The empirical evidence in this paper indicates that black market premium, interest rate differential, inflation rate, growth, home and host country income levels, and periods of military administration in Turkey have significantly affected these flows. Among them, the negatively significant effects of the black market premium, inflation, and a dummy for periods of military administration point at the importance of sound exchange rate policies and economic and political stability in attracting remittance flows. In addition, both investment and consumption-smoothing motives are observed, though the former of which appears more prevalent after the 1980s.

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Article provided by M.E. Sharpe, Inc. in its journal Emerging Markets Finance and Trade.

Volume (Year): 41 (2005)
Issue (Month): 3 (May)
Pages: 53-69

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Handle: RePEc:mes:emfitr:v:41:y:2005:i:3:p:53-69
Contact details of provider: Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=111024

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  1. Bilin Neyapti, 2004. "Trends in Workers' Remittances : A Worldwide Overview," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 40(2), pages 83-90, March.
  2. repec:ilo:ilowps:213237 is not listed on IDEAS
  3. Ilahi, Nadeem & Jafarey, Saqib, 1999. "Guestworker migration, remittances and the extended family: evidence from Pakistan," Journal of Development Economics, Elsevier, vol. 58(2), pages 485-512, April.
  4. El-Sakka, M. I. T. & McNabb, Robert, 1999. "The Macroeconomic Determinants of Emigrant Remittances," World Development, Elsevier, vol. 27(8), pages 1493-1502, August.
  5. Lucas, Robert E B & Stark, Oded, 1985. "Motivations to Remit: Evidence from Botswana," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 901-918, October.
  6. Knowles, James C. & Anker, Richard, 1981. "An analysis of income transfers in a developing country : The case of Kenya," Journal of Development Economics, Elsevier, vol. 8(2), pages 205-226, April.
  7. Adler, S., 1981. "A Turkish conundrum : emigration, politics and development, 1961-1980," ILO Working Papers 992132373402676, International Labour Organization.
  8. Russell, Sharon Stanton, 1986. "Remittances from international migration: A review in perspective," World Development, Elsevier, vol. 14(6), pages 677-696, June.
  9. Hoddinott, John, 1992. "Modelling Remittance Flows in Kenya," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 1(2), pages 206-232, August.
  10. Djajic, Slobodan, 1989. "Migrants in a guest-worker system : A utility maximizing approach," Journal of Development Economics, Elsevier, vol. 31(2), pages 327-339, October.
  11. Stark, Oded & Levhari, David, 1982. "On Migration and Risk in LDCs," Economic Development and Cultural Change, University of Chicago Press, vol. 31(1), pages 191-196, October.
  12. Djajic, Slobodan & Milbourne, Ross, 1988. "A general equilibrium model of guest-worker migration : The source-country perspective," Journal of International Economics, Elsevier, vol. 25(3-4), pages 335-351, November.
  13. Murinde, Victor, 1993. "Budgetary and financial policy potency amid structural bottlenecks: Evidence from Uganda," World Development, Elsevier, vol. 21(5), pages 841-859, May.
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