Akkoyunlu, Sule Kholodilin, Konstantin Arkadievich
Year of Publication:
DIW Discussion Papers 622
In this paper we examine the interactions between the remittances of the Turkish workers in Germany and the output both in Turkey and in Germany. In our analysis we use the new data set provided by the German monetary authorities, which was never before employed in the literature and which we consider as a more reliable source than the data sets used in the other studies. We show that the remittances positively respond to the changes in the German output and do not react at all to the changes in Turkish output. This finding is consistent with the ?remittance maximization? and ?inheritance? motives of the migrants? behavior.