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Yurtdışı İşçi Gelirleri ve Hollanda Hastalığı: Seçilmiş Ülkeler İçin Bir Panel Veri Analizi

Workers' Remittances and Dutch Disease: A Panel Data Analysis for Selected Countries

Journal Name:

  • Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi

Publication Year:

  • 2017

Key Words:

Keywords (Original Language):

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Abstract (2. Language): 
Workers’ remittances, that have influence on a range of parameters like production, investment and employment structure of host country, exert effects on the foreign trade structure as well through its impact on real ex-change rate. Besides the capital inflows like foreign direct investment, portfolio investment and foreign aid, work-ers remittance can also lead to Dutch Disease, a phenom-ena known in literature resulted from sudden and mas-sive increase in foreign capital inflow because of natural resource discovery. The study aims to determine whether the workers' remittances led to a real appreciation in the host country’s currency employing panel data for the pe-riod of 1990-2014 for 9 countries selected from those re-ceiving the highest workers’ remittance. Findings from the analysis of the two-way random effects estimation suggest that, as a Dutch Disease Symptom, workers' re-mittances lead to a real appreciation of the home coun-tries' currencies.
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Abstract (Original Language): 
Ev sahibi ülkenin üretim, yatırım ve istihdam yapısı gibi bir dizi parametre üzerinde etkili olan yurtdışı işçi gelirleri (YİG)’nin, reel döviz kurunu etkilemesi dolayısıyla dış tica-ret yapısı üzerinde de etkileri söz konusudur. YİG’nin yanı sıra doğrudan yabancı yatırımlar, portföy yatırımları ve dış yardım gibi çeşitli sermaye akımları yoluyla ortaya çı-kabilen ve literatürde Hollanda Hastalığı olarak adlandırı-lan bu olayın çıkış noktası, doğal kaynak keşiflerinden do-layı dış finansman girişlerinde yaşanan ani ve büyük ha-cimli artışlar olmuştur. Bu çalışmada, en fazla YİG elde eden ülkeler arasından seçilen 9 ülkeye ait 1990-2014 dö-nemi panel verileri kullanılarak, YİG’nin ev sahibi ülke dö-viz kurunda bir reel değerlenmeye yol açıp açmadığının tespit edilmesi amaçlanmıştır. Çift yönlü rassal etkiler tah-mincisinin kullanıldığı analizden elde edilen bulgular, bir Hollanda Hastalığı belirtisi olarak, YİG’nin reel değerlen-meye yol açtığına işaret etmektedir.
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REFERENCES

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