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Do remittances have an asymmetrical effect on financial development? Empirical evidence from Turkey      
Yazarlar
 Deniz ÖZYAKIŞIR Deniz ÖZYAKIŞIR
Kafkas Üniversitesi, Türkiye
Dr. Öğr. Üyesi Murat AKÇA Dr. Öğr. Üyesi Murat AKÇA
Türkiye
Dr. Öğr. Üyesi Serhat ÇAMKAYA Dr. Öğr. Üyesi Serhat ÇAMKAYA
Türkiye
Özet
The purpose of this study is to reveal the long- and short-term asymmetric effects of remittance, economic growth and inflation on Turkey's financial development using the 1974–2019 period data. For this purpose, long- and short-term asymmetric effects were investigated with the non-linear autoregressive distributed lag (NARDL) model. NARDL findings revealed that there are long- and short-term asymmetrical relationships among variables. Long-term findings show that increases in remittances and economic growth increased financial development, but increases in inflation reduced financial development. The short-term findings show that increases in remittances, economic growth and inflation increased financial development. In addition to ensuring macroeconomic stability, policy makers in Turkey should formulate regulations that encourage remittance entry in order to attract more remittances to the country and channel them into the financial system.
Anahtar Kelimeler
Economic growth | financial development | international migration
Makale Türü Özgün Makale
Makale Alt Türü SSCI, AHCI, SCI, SCI-Exp dergilerinde yayımlanan tam makale
Dergi Adı JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT
Dergi ISSN 0963-8199
Dergi Tarandığı Indeksler SSCI
Dergi Grubu Q2
Makale Dili Türkçe
Basım Tarihi 05-2024
Cilt No 33
Sayı 4
Sayfalar 598 / 617
Doi Numarası 10.1080/09638199.2023.2203784
Makale Linki http://dx.doi.org/10.1080/09638199.2023.2203784