Interactive effects of remittances and financial development on Turkey's economic growth
Küçük Resim Yok
Tarih
2020
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Peter Lang Publishing Group
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Labor migration from underdeveloped and developing countries to developed countries has gained great importance, especially with the acceleration of globalization since the 1980s. The remittances that migrants earn by working in the receiving countries and send to their families have become an important tool for fighting against poverty and supporting economic growth.Migrant remittances, which are more stable than other financial sources, became a primary source of foreign exchange for supporting economic growth of developing countries by financing the current account deficit, reducing poverty, increasing consumption expenditures, and increasing household savings and investments. Remittances, which are an important financial source for developing countries, affect the economic growth in the remittance-receiving country positively or negatively. There is no consensus in the literature about the effect of remittances on economic growth.Remittances take an important place for lowering poverty and supporting economic growth because Turkey is a developing country. In this study, I analyzed a historical background of remittance flows to Turkey. By looking back at the literature, I tried to correlate Turkish remittances to Turkish financial sector development. © Peter Lang GmbH Internationaler Verlag der Wissenschaften Berlin 2020. All rights reserved.
Açıklama
Anahtar Kelimeler
Economic growth, Globalization, Labor flows, Migrant workers, Remittances, Turkish financial sector
Kaynak
Financial System, Financial Development And Firm Survival: Perspectives From Turkish Financial System And Globalization
WoS Q Değeri
Scopus Q Değeri
N/A
