Determinants of workers' remittances: Turkish evidence from high-frequency data

dc.citation.epage100en_US
dc.citation.issueNumber5en_US
dc.citation.spage91en_US
dc.citation.volumeNumber44en_US
dc.contributor.authorAlper, A. M.en_US
dc.contributor.authorNeyapti, B.en_US
dc.date.accessioned2016-02-08T10:18:20Z
dc.date.available2016-02-08T10:18:20Z
dc.date.issued2006en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThe potential importance of workers remittances (WR) as a relatively stable source of foreign exchange has been growing across the world. We present time-series evidence on the determinants of WR in a large developing country, Turkey. Using yearly data, Aydas et al. (2005) show that WR flows to Turkey are significantly influenced by the growth rate of the home gross domestic product (GDP); the level of GDP in both home and host countries; interest rate differentials between home and host countries; the black market exchange rate; inflation; and political stability. This study utilizes higher-frequency data to further investigate the issue from both long-term and short-term perspectives. The new evidence supports the earlier findings regarding the long-run investment motive, but it also shows that consumption smoothing is an effective short-run motive for sending remittances to Turkey. © 2006 M.E. Sharpe, Inc. All rights reserved.en_US
dc.identifier.doi10.2753/EEE0012-8775440504en_US
dc.identifier.eissn1557-9298
dc.identifier.issn0012-8775
dc.identifier.urihttp://hdl.handle.net/11693/23732
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttps://doi.org/10.2753/EEE0012-8775440504en_US
dc.source.titleEastern European Economicsen_US
dc.subjectBlack marketen_US
dc.subjectDeveloping worlden_US
dc.subjectExchange rateen_US
dc.subjectGross domestic producten_US
dc.subjectGrowth rateen_US
dc.subjectInflationen_US
dc.subjectInterest rateen_US
dc.subjectInvestmenten_US
dc.subjectRemittanceen_US
dc.titleDeterminants of workers' remittances: Turkish evidence from high-frequency dataen_US
dc.typeArticleen_US
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