Determinants of Workers' Remittances : The Case of Turkey

Aydaş, Osman Tuncay; Metin-Özcan, Kıvılcım; Neyaptı, Bilin

doi:10.1080/1540496x.2005.11052609

Cited by 73 publications

(67 citation statements)

References 22 publications

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“…For instance, whilst ElSakka and McNabb (1999), Bouhga-Hagbe (2006), Yang and Choi (2007), and Singh et al (2010) provide evidence on the countercyclical property of remittances, Higgins et al (2004), Aydaş et al (2004) and Adenutsi et al (2012) find that the pattern of remittance flows is procyclical as it tends to rise with increased GDP per capita and higher growth rate in remittance-receiving countries. Sayan (2006) and Adenutsi et al (2011) also find that in most cases remittances are either acyclical or procyclical.…”

Section: Literature Review On Macroeconomic Determinants Of Remittancesmentioning

confidence: 99%

“…Various empirical studies including those of Elbadawi and Rocha (1992), Lianos (1997), Aydaş et al (2004), Freund and Spatafora (2005), Gupta (2005), Schrooten (2005), Vargas-Silva and Huang (2006) and Singh et al (2010) show that size of migrant stock, host-country versus home-country income gap, exchange rate fluctuations, deposit interest rates; political risk, access to international money transfer facilities and the economic conditions in migrant-host countries affect the volume and frequency of remittance flows. As to whether or not a migrant may remit through the formal or an informal money transfer channel, the level of financial development as reflected in the cost of funds transfer, the existence or absence of dual exchange rate at home, availability of financial infrastructure and innovative products, in especially labor-exporting countries, play an important role.…”

Section: Literature Review On Macroeconomic Determinants Of Remittancesmentioning

confidence: 99%

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Macroeconomic Determinants of Workers' Remittances and Compensation of Employees In Sub-Saharan Africa

Adenutsi¹

2014

jda

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In this paper, an attempt has been made to identify the macroeconomic determinants of migrant remittances received in SubSaharan Africa (SSA) at the disaggregated level. The underlying motivation is that, given their unique characteristics, permanent and temporary migrants are likely to respond differently to macroeconomic conditions in migrant-host countries and their native or migrant-home countries. For the empirical analysis, the system Generalized Method of Moments (GMM) approach was used to estimate a dynamic panel-data model involving 36 SSA countries over the period, 1980-2009. It was found that the inflows of compensation of employees and workers" remittances to SSA are influenced by host-country macroeconomic conditions in a similar way, whereas these two forms of remittances are driven by contrasting home-country macroeconomic conditions. Remittances from permanent migrants are less altruistic than remittances from temporary migrants. To attract higher remittances on a more permanent basis, the implementation of stable macroeconomic and pro-growth policies are inevitable in laborexporting SSA countries.JEL Classification: C23, E42, F22, F24, J33

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Section: Literature Review On Macroeconomic Determinants Of Remittancesmentioning

confidence: 99%

Section: Literature Review On Macroeconomic Determinants Of Remittancesmentioning

confidence: 99%

Macroeconomic Determinants of Workers' Remittances and Compensation of Employees In Sub-Saharan Africa

Adenutsi¹

2014

jda

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“…Aydas et al (2004) indicated that the black market premium, interest rate differential, inflation rate, growth, home and host country incomes and periods of military regime have significantly affected Turkish remittance flows. Chami, Fullenkamp and Jahjah (2005) found a statistical significant negative relation between the income gap of the recipient country against the US and workers' remittances in percent of GDP.…”

Section: Empirical Literaturementioning

confidence: 99%

“…Another strand of literature, reviewed by Aydas and Metin-Ozcan (2004), has investigated the macroeconomic determinants of remittances. In this paper, this second path is followed in an attempt to better understand how the macroeconomic and political environment affect remittance flows to the countries in the Sub Saharan African Region.…”

Section: Empirical Literaturementioning

confidence: 99%

The Altruistic Motive of Remittances: A Panel Data Analysis of Economies in Sub Saharan Africa

Fonchamnyo¹

2012

IJEF

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Remittances have become an important source of foreign exchange earnings in many countries as migrants continue to send income to relatives at home. However, the main motives for sending remittances remain controversial. This paper examines the relative importance of the socio-political and economic determinants of remittance inflow using an unbalance panel data of 36 economies in the Sub Saharan African Region in an attempt to assess the altruistic motive of remittance inflow. The results using a random effect estimation technique show that altruism is important for remitting, as the per capita income differential between host and home country and the age dependency ratio are positive and statistically significant. The level of per capita income of the home country is also found to be negative and statistically significant which also supports the altruistic motive of remittances. The results further suggest that the development of the financial sector and the proportion of Catholics in the population will encourage remittance inflow. These results are robust to the different specifications and estimation methodology.

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“…The annual flow of remittances has fluctuated from year to year due to changing variables related to: (1) Turkish economics and politics, (2) TMs themselves, and (3) determinants related to the countries of residence (Köksal 2006). Remittances reached 2.5% of GNP in the 1980s and went down to about 2% in the 1990s as a result of the increase in other income sources such as tourism and exports (Aydas et al 2005). In spite of these fluctuations, Turkey has been one of the top ten recipients of migrant remittances and remittances have continued to play a central role in its economy (Icduygu 2006).…”

Section: Introductionmentioning

confidence: 98%

Turkish Migrants’ Organizations in Germany and Their Role in the Flow of Remittances to Turkey

Sezgin

2010

Int. Migration & Integration

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and Schmelz (Eschborn: GTZ, 2007) illustrated that some migrant organizations aim at supporting the development of their countries of origin. These organizations invest in infrastructure and agriculture, facilitate funding for development projects, provide post-disaster humanitarian aid, and offer social and financial assistance to their counterparts and to certain religious and/or political movements. A research gap, however, persists concerning the role of Turkish migrants' organizations (TMOs) in the flow of remittances to Turkey. Particularly, it is not clear how organizational characteristics of TMOs influence their potential in attracting and transferring remittances. Combining approaches from organizational sociology and migration research, this paper intends to generate empirically founded knowledge about TMOs in Germany, while highlighting their need to legitimate themselves in multiple organizational fields. This paper illustrates that the potential of TMOs in attracting and transferring remittances depend on multiple factors such as the demographic characteristics of the Turkish migrants, Turkish and German governmental policies, and the organizational characteristics of TMOs. It also shows that the role of TMOs in the flow of remittances is limited as: (1) Turkish migrants' social and economic resources are restricted, (2) TMOs' competency in mobilizing migrants, fundraising, project development, and management has not been fully developed, and (3) Turkish and German governments do not actively cooperate with TMOs in transferring remittances. Cambridge Scholars, 2009) ont porté sur les objectifs, les activités, les fonctions et les structures des organisations pour migrants en Allemagne. Entre autres, Daume et al. 2007, Kausch (Nr. 28: 21-25 (http://www.16service-eine-welt.de/images/text_material-1049. img). consulté le 23 octobre 2009, 2007), et Schmelz (Eschborn: GTZ, 2007) ont illustré que certaines organisations pour migrants visent le développement de leur pays d'origine. Ces organisations investissent dans l'infrastructure et l'agriculture, facilitent le financement de projets de développement, fournissent de l'aide humanitaire aux sinistrés, et offrent de l'appui financier et social à leurs homologues et à certains mouvements religieux ou politique. Toutefois, il persiste une lacune dans la recherche en ce qui concerne le rôle des organisations turques pour migrants (TMO) dans le flux des versements vers la Turquie. Plus précisément, il n'est pas clair dans quelle mesure les caractéristiques organisationnelles des TMO influencent leur potentiel de d'attirer et transférer les versement. En combinant des approches de la sociologie organisationnelle et la recherche en migration, nous voulons générer des connaissances empiriques au sujet des TMO en Allemagne, tout en rehaussant leur besoin de legitimate themselves in multiple organizational fields. Cet article démontre que le potentiel des TMO pour attirer et transférer les versements depend de plusieurs facteurs tels les caractjéristiques démogra...

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Determinants of Workers' Remittances : The Case of Turkey

Cited by 73 publications

References 22 publications

Macroeconomic Determinants of Workers' Remittances and Compensation of Employees In Sub-Saharan Africa

Macroeconomic Determinants of Workers' Remittances and Compensation of Employees In Sub-Saharan Africa

The Altruistic Motive of Remittances: A Panel Data Analysis of Economies in Sub Saharan Africa

Turkish Migrants’ Organizations in Germany and Their Role in the Flow of Remittances to Turkey

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