REMITTANCES AND ECONOMIC GROWTH IN TURKEY

Huseyin KARAMELIKLI, Yilmaz BAYAR

Abstract


Savings are one of the important determinants beyond the theories of economic growth. Therefore remittances and foreign direct investment inflows have importance for the countries having insufficient savings. This study examines the relationship between economic growth, remittances, foreign direct investment inflows and gross domestic savings in Turkey during the period 1974-2013 by using Autoregressive Distributed Lag approach. We found that remittances, foreign direct investment and gross domestic savings had positive impact on economic growth.

Keywords


economic growth; remittances; Autoregressive Distributed Lag analysis

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