Remittances and misery index in Turkey: is there a link?

ABSTRACT

This study tests the long run relationship between remittances and misery index in Turkey over the 1975–2011 period, using bounds testing approach. The results indicate that remittances and misery index are co-integrated. The misery index appears to have positive impact on remittance inflows in both short and long run, supporting altruism theory in remittance sending behaviour in Turkey.

KEYWORDS:

• Remittances
• misery index
• time series
• bounds test
• Turkey

JEL CLASSIFICATION:

• C32
• E24
• E31
• F22

Disclosure statement

No potential conflict of interest was reported by the author.