Akademik Veri Yönetim Sistemi
INTERNATIONAL MIGRATION, cilt.50, 2012 (SSCI)
We investigate whether remittances sent to Turkey by Turkish workers living in Germany are countercyclical or procyclical with Turkish and German national outputs and discuss possible reasons underlying the resulting patterns and their implications. We also take up a previously unexplored issue and discuss poverty alleviation potential of remittances at a macroeconomic level by examining the statistical properties of any co-movements between remittances cycles and cycles in consumption spending on food and durable goods in Turkey. Our results reveal that real remittance flows from Germany to Turkey move procyclically with the real output in Turkey, and are primarily driven by (largely independent of) the developments in the Turkish economy (German economy).