The growth of workers' remittances in Turkey: macroeconomic effects

// ABSTRACT IN ENGLISH: In this study, a Keynesian model studying simultaneously, the impact of immigrant workers' foreign currency transfers on macro variables such as consumption, investment, imports and income of Turkey is presented. While the calculated impact and dynamic multipliers of imm...

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Bibliographic Details
Published in:Migration letters 2012-12, Vol.9 (4), p.337-351
Main Authors: Tansel, Aysit, Yasar, Pinar
Format: Article
Language:Turkish
Subjects:
Consumption
Income
International monetary relations
Investment
Keynesianism
Macroanalysis
Migrant workers
Remittances
Turkey
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Summary:// ABSTRACT IN ENGLISH: In this study, a Keynesian model studying simultaneously, the impact of immigrant workers' foreign currency transfers on macro variables such as consumption, investment, imports and income of Turkey is presented. While the calculated impact and dynamic multipliers of immigrant workers' foreign currency transfers on consumption, imports and income is positive and gradually diminishing, their impact on investment is removed in the second year. With regard to its multiplying impact on income, it is observed that immigrant workers' foreign currency transfers increases income notably. While the output growth resulting from immigrant workers' foreign currency transfers reached highest level at the beginning of the seventies and the eighties, output growth during other periods, was negligibly low. Reprinted by permission of the Migration Letters
ISSN:1741-8984