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The Socio-Economic Impact of Migration Flows pp 89–96Cite as

The Role of Remittances for Economic Growth: Evidence for Turkey

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Part of the book series: Population Economics ((POPULATION))

Abstract

In this paper we investigate the role of remittances in economic performance of Turkey. Our study is motivated by controversial findings of the previous two studies that already addressed this important issue. Karagöz (2009) finds out that remittance flows negatively influenced Turkeys’ economic performance, whereas Tansel and Yaşar (2010) report the opposite result. We use the econometric technique for testing Granger causality suggested in Toda and Yamamoto (1995). Reconciling the findings of these two studies, we find no statistical evidence that remittances Granger cause output in Turkey. In turn, we also could not reject the null hypothesis that remittances are not Granger caused by GDP.

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Notes

  1. 1.

    All estimations were carried out in PcGive 13 (Hendry and Doornik 1999).

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Author information

Authors and Affiliations

  1. Maastricht Graduate School of Governance UNU-MERIT, Keizer Karelplein 19, 6211 TC, Maastricht, Netherlands

    Şule Akkoyunlu

  2. KOF Swiss Economic Institute, Zurich, Switzerland

    Boriss Siliverstovs

Authors
  1. Şule Akkoyunlu
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  2. Boriss Siliverstovs
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Corresponding author

Correspondence to Boriss Siliverstovs .

Editor information

Editors and Affiliations

  1. Dept. of Economics, Technical University of Cartagena, Cartagena, Spain

    Andrés Artal-Tur

  2. Dept. of Economics, University of California at Davis, Davis, California, USA

    Giovanni Peri

  3. Dept. of Economics, University of Sheffield, Sheffield, United Kingdom

    Francisco Requena-Silvente

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© 2014 Springer International Publishing Switzerland

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Akkoyunlu, Ş., Siliverstovs, B. (2014). The Role of Remittances for Economic Growth: Evidence for Turkey. In: Artal-Tur, A., Peri, G., Requena-Silvente, F. (eds) The Socio-Economic Impact of Migration Flows. Population Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-04078-3_4

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