Macroeconomic impact of remittances on output growth: Evidence from Turkey
Aysıt Tansel (atansel@metu.edu.tr) and
Pinar Yasar (pyasar@dpt.gov.tr)
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Pinar Yasar: State Planning Organization, Ankara, Turkey
Migration Letters, 2010, vol. 7, issue 2, 132-143
Abstract:
This 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.
Keywords: Remittances; Dynamic Model; Remittances-Induced Output Growth (search for similar items in EconPapers)
Date: 2010
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Working Paper: Macroeconomic Impact of Remittances on Output Growth: Evidence from Turkey (2011)
Working Paper: 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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Persistent link: https://EconPapers.repec.org/RePEc:mig:journl:v:7:y:2010:i:2:p:132-143
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