Macroeconomic Impact of Remittances on Output Growth: Evidence from Turkey

Aysıt Tansel (atansel@metu.edu.tr) and Ya?ar, P?nar (pyasar@dpt.gov.tr)
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Ya?ar, P?nar: State Planning Organization

No 5376, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This study estimates a Keynesian simultaneous, dynamic macroeconometric 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 multipliers 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.

Keywords: remittances; remittances-induced output growth; dynamic model (search for similar items in EconPapers)
JEL-codes: C52 F21 F22 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2010-12
New Economics Papers: this item is included in nep-ara, nep-cwa and nep-mig
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

Published - published in: Migration Letters, 2010, 7 (2), 132-143

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Related works:
Working Paper: Macroeconomic Impact of Remittances on Output Growth: Evidence from Turkey (2011)
Journal Article: Macroeconomic impact of remittances on output growth: Evidence from Turkey (2010)
Working Paper: Macroeconomic Impact of Remittances on Output Growth: Evidence from Turkey (2010)
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