Asymmetric Relationship between Institutional Quality and Remittance Inflows: Empirical Evidence for Turkey

Yıl 2017, , 189 - 204, 30.09.2017

Şerife Özşahin , Gülbahar Üçler

https://doi.org/10.25229/beta.333016

Öz

This study aims to examine the asymmetric causal relationship between the institutional quality index and remittance inflows in Turkey using the monthly data for the period between January 1985 and December 2014. To this end, the institutional quality index is formulated based on the eight different institutional quality indicators released by ICRG (International Country Risk Guide). Stationarity analyses of the variables are conducted with the LM two structural breaks unit root test developed by Lee and Strazicich (2003), while the existence of asymmetric causal relationship is examined with Hatemi-J (2012) asymmetric causality test. The findings obtained from the asymmetric causality test reveal that the improvement in the level of institutional quality does not affect remittance positively, whereas negative shocks in the level of institutional quality cause a negative shock in remittance inflows.

Anahtar Kelimeler

Remittance Inflows, Institutional Quality, ICRG, Hatemi-J (2012) Asymmetric Causality Test

Kurumsal Kalite ve Göçmen Gönderileri Arasındaki Asimetrik İlişki: Türkiye Üzerine Ampirik Bulgular

Öz

Bu çalışma Türkiye’de kurumsal kalite endeksi ile göçmen gönderisi girişleri arasındaki asimetrik nedensellik ilişkisini 1985.1-2014.12 dönemi aylık veri ile araştırmayı amaçlamaktadır. Bu doğrultuda öncelikle ICRG tarafından yayınlanan 8 farklı kurumsal kalite göstergesinden hareketle kurumsal kalite endeksi oluşturulmuştur. Değişkenlerin durağanlık analizi iki yapısal kırılmalı Lee ve Strazicich (2003) birim kök testi yardımıyla, nedensellik ilişkisinin varlığı ise Hatemi-J (2012) asimetrik nedensellik testi ile araştırılmıştır. Asimetrik nedensellik testinden elde edilen bulgular kurumsal kalite düzeyindeki iyileşmenin göçmen gönderilerinde bir artışa neden olmazken, kurumsal kalite düzeyinde ortaya çıkacak bir bozulmanın göçmen gönderileri üzerinde negatif bir etkiye neden olduğunu göstermektedir.

Anahtar Kelimeler

Göçmen Gönderisi Girişleri, Kurumsal Kalite, ICRG, Hatemi-J (2012) Asimetrik Nedensellik Testi

Kaynakça

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