Growth Effects of Remittance: A Case of Turkey Diaspora

Caterina De Lucia, Luigi Pio Leonardo Cavaliere, Ester Salvato, Alessio Faccia

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Abstract

In the age of globalization, remittances are an essential part of human life. This analysis's key objective is to examine the effect of remittances in developing economies like Turkey on economic development. The 1980 to 2020 time-series data used in this analysis which use numerous time series estimating techniques. Sending data is given by the Banks of Turkey and in a million dollars. Simultaneously, economic development or GDP data are provided by world economic indicator, the World Bank, and the new US dollar. The findings indicated that there are both short-term and long-term ties between transactions and economic development in Turkey. Therefore, results indicate that Turkey's transition flows positively affect Turkey's person and Turkey's macroeconomic scenario. The government should implement policies that allow Turkey in overseas countries to submit transmissions through official channels.
Original languageEnglish
Pages (from-to)690-698
Number of pages9
JournalPsychology and Education Journal
Volume58
Issue number1
DOIs
Publication statusPublished - 12 Feb 2021

Bibliographical note

This work is licensed under a Creative Commons Attribution 4.0 International License CC-BY

Keywords

  • Economic growth
  • Remittances
  • Autoregressive Distributed Lag analysis

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