Affiliation:
1. BANDIRMA ONYEDİ EYLÜL ÜNİVERSİTESİ
2. CUMHURIYET UNIVERSITY
Abstract
While there are many ways to achieve sustainable development, which has been frequently used in economics literature in recent years, various studies have been conducted that show that remittances also contribute to sustainable development. Individuals, whose mobility has increased with the development of technology and other opportunities transfer their earnings to their own countries. This is accepted as an important source of income in providing the monetary dimension of development. In this respect, remittances are seen as an important source of investment, especially for developing countries. In addition, transferring the income earned in developed countries to the immigrant's home country (source country) also gives a clue about the relationship between the immigrant and his country. Therefore, remittances are both a source of income for countries and an indicator of the strength of the bond established between the immigrant and the source country. In this study, econometric analysis was conducted to the panel data set of the developing countries (Bangladesh, China, Dominican, Indonesia, Morocco, Philippines, Guatemala, India, Colombia, Mexico, Nepal, Nigeria, and Pakistan) that received the most transfers and Turkey. In the study, human development index (HDI) was used as a dependent variable, remittances as an independent variable, and economic growth rate as an explanatory variable. According to the results of the panel data analysis applied to the data of the 2005-2021 period; A 1% increase in remittances provides a 0.07% increase in development. On the other hand, it has been determined that a one-unit increase in economic growth will create an increase of 0.02% on development
Publisher
Nisantasi Universitesi Sosyal Bilimler Dergisi
Subject
Industrial and Manufacturing Engineering,Environmental Engineering
Cited by
1 articles.
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