Determinants of workers' remittances : evidence from Turkey

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buir.advisorNeyaptı, Bilin
dc.contributor.authorAydaş, Osman Tuncay
dc.date.accessioned2016-07-01T10:55:31Z
dc.date.available2016-07-01T10:55:31Z
dc.date.issued2002
dc.departmentDepartment of Economicsen_US
dc.descriptionCataloged from PDF version of article.en_US
dc.description.abstractIn this thesis, macroeconomic determinants of workers’ remittances are analyzed for the case of Turkey, using annual data over the period 1964-2001. Using two different models, in contrast to some previous analyses, we find that macroeconomic variables and variables related with economic and political risk in the country of origin significantly impact on remittance inflows. According to empirical results, remittance flows are highly responsive to the differential between the official and black market exchange rates. In both models, we observe that the difference between the black market and official rate of exchange has a significant negative impact on the inflow of remittances. Domestic rate of inflation also has a significant negative impact on remittances, indicating a negative correlation between economic instability in home country and remittance inflows. Results also reveal that the interest rate differential between the country of origin and host country has a significant positive impact on remittances. Periods of military administration in Turkey also have a significant negative impact on remittance inflows, indicating a negative correlation between political instability in home country and remittance inflows. Hence, contrary to some previous studies, our results, based on the evidence from Turkey, suggest that governments of labor-exporting countries can influence remittance inflows through inflation, exchange rate and interest rate policies.en_US
dc.description.degreeM.A.en_US
dc.description.provenanceMade available in DSpace on 2016-07-01T10:55:31Z (GMT). No. of bitstreams: 1 0002140.pdf: 1380423 bytes, checksum: 6cbbd7aeb6f78c5dff2ada88a2f5d688 (MD5) Previous issue date: 2002en
dc.description.statementofresponsibilityAydaş, Osman Tuncayen_US
dc.format.extentvi, 82 leaves, tablesen_US
dc.identifier.itemidBILKUTUPB068091
dc.identifier.urihttp://hdl.handle.net/11693/29198
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectWorkers’ Remittancesen_US
dc.subjectBlack Market Premiumen_US
dc.subjectReal Overvaluationen_US
dc.subjectInterest Differentialsen_US
dc.subject.lccHG3968.25 .A93 2002en_US
dc.subject.lcshEmigrant remittances Turkey Case studies.en_US
dc.titleDeterminants of workers' remittances : evidence from Turkeyen_US
dc.typeThesisen_US

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