The effects of worker's remittances to Turkey's economy

The main purpose of this thesis is to explain the effects of remittances on Turkey's economic growth for the period of 1963-2018. The reasons for migration and distribution of migrant workers in the world with the explanation of micro and macro impacts of remittances are discussed in the first two chapters. The third chapter examines the dynamics of workers' remittances in Turkey in historical perspective and their impact on the economy of workers' remittances in Turkey. In the last chapter presents the results of the Gregory-Hansen cointegration test, which takes into the issue of structural break and the results of Toda Yamamoto Causality Analysis. This thesis is supposed to be the first study to employ this methodology for the analysis of the impact of remittances on economic growth in Turkey. The result of the cointegration test suggests that there exist a statistically significance level were found. In addition, the causality test revealed a two-way but negative relationship between remittances and economic growth, and a one-way causality relationship between investments and economic growth.