Macroeconomic Impact of Remittances on Output Growth: Evidence from Turkey

Aysıt Tansel () and Pinar Yasar

No 586, Working Papers from Economic Research Forum

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 the 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.

Pages: 17
Date: 2011-01-05, Revised 2011-01-05
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Citations: View citations in EconPapers (2)

Published by The Economic Research Forum (ERF)

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Related works:
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)
Working Paper: Macroeconomic Impact of Remittances on Output Growth: Evidence from Turkey (2010)
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