Guest workers' remittances and output fluctuations in host and home countries: the case of remittances from Turkish workers in Germany

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dc.citation.epage81en_US
dc.citation.issueNumber6en_US
dc.citation.spage68en_US
dc.citation.volumeNumber40en_US
dc.contributor.authorSayan, S.en_US
dc.date.accessioned2018-04-12T13:43:57Z
dc.date.available2018-04-12T13:43:57Z
dc.date.issued2004en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractOver the past decades, different Mediterranean countries have sent considerable numbers of workers to the EU area, generating sizable amounts of foreign exchange receipts through the remittances these guest workers have transferred hack home. In some instances, however, the share of remittances in foreign exchange receipts has risen so high as to cause concern for policymakers, as they imply potentially serious effects on macroeconomic balances following sudden drops or jumps in remittances. Despite the importance of implications of the volatility of remittance receipts, the current literature severely lacks thorough investigations into the sources of this volatility. This paper aims to help fill this gap in the literature by documenting some key business cycle properties of workers' remittances received by the Turkish economy. More specifically, the paper investigates whether there is a relationship between the amount of remittances sent to Turkey by the large number of Turkish workers living and working in Germany, and up- and downswings that Turkish and German economies experience. For this purpose, regularities between fluctuations in the national outputs of respective economies and remittance flows to Turkey are analyzed by using time series data, and implications of results for the Turkish economy are discussed.en_US
dc.description.provenanceMade available in DSpace on 2018-04-12T13:43:57Z (GMT). No. of bitstreams: 1 bilkent-research-paper.pdf: 179475 bytes, checksum: ea0bedeb05ac9ccfb983c327e155f0c2 (MD5) Previous issue date: 2004en
dc.identifier.doi10.1080/1540496X.2004.11052590en_US
dc.identifier.eissn1558-0938
dc.identifier.issn1540-496X
dc.identifier.urihttp://hdl.handle.net/11693/38074
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttps://doi.org/10.1080/1540496X.2004.11052590en_US
dc.source.titleEmerging Markets Finance and Tradeen_US
dc.subjectBusiness cyclesen_US
dc.subjectGermanyen_US
dc.subjectTurkeyen_US
dc.subjectWorkers' remittancesen_US
dc.titleGuest workers' remittances and output fluctuations in host and home countries: the case of remittances from Turkish workers in Germanyen_US
dc.typeArticleen_US

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