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Author
Date
2010Type
- Working Paper
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yes
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Abstract
We investigate in this paper whether the stable pattern of remittances over the last three decades can be explained by the altruistic behaviour. This possibility is tested by means of cointegration analysis, which is applied to Turkish remittances from Germany over the period 1962-2005. A single cointegrating relationship is found between the remittances of Turkish workers in Germany and the real Turkish GDP per capita, the real German GDP per capita, the stock of Turkish migrants in Germany, the real exchange rate, and the government instability. The negative coefficient associated with Turkish income and positive coefficients on the real exchange rate and political instability support the claim that Turkish remittances from Germany are altruistically motivated. In addition, we find that the coefficient on the stock of Turkish migrants to be equal to one. Show more
Permanent link
https://doi.org/10.3929/ethz-a-005960733Publication status
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Journal / series
KOF Working PapersVolume
Publisher
KOF Swiss Economic Institute, ETH ZurichSubject
GROSS NATIONAL PRODUCT; ECONOMETRICS AND ECONOMETRIC MODELS (OPERATIONS RESEARCH); TURKS (PEOPLES, ETHNIC GROUPS); INTERNATIONAL MOBILITY OF WORKERS + INTERNATIONAL MIGRATION OF WORKERS; RUECKUEBERWEISUNGEN DER GASTARBEITER (ZAHLUNGSVERKEHR); Migration; GERMANY (CENTRAL EUROPE). FEDERAL REPUBLIC OF GERMANY; ARBEITSÖKONOMIE; DEUTSCHLAND (MITTELEUROPA). BUNDESREPUBLIK DEUTSCHLAND; BRUTTONATIONALEINKOMMEN; LABOUR ECONOMICS; ÖKONOMETRIE UND ÖKONOMETRISCHE MODELLE (OPERATIONS RESEARCH); INTERNATIONALE MOBILITÄT DER ARBEITSKRÄFTE + INTERNATIONALE MIGRATION DER ARBEITSKRÄFTE; Alturism; TÜRKEN (VÖLKER, ETHNIEN); Remittances; Cointegration; REMITTANCES (FINANCIAL TRANSACTIONS)Organisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
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ETH Bibliography
yes
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