The Impact of Refugees on Economic Growth in Four Countries Bordering Syria: A Panel Regression Analysis
Chapter from the book:
Ertürkmen,
G.
(ed.)
2024.
Current Applications of Macroeconomics .
Synopsis
International migration is among the most debated topics Worldwide. In recent years, the increasing number of wars has made international migration inevitable. Many people have been forced to leave their countries. International migration, especially affecting countries like Turkey, has significant economic, social, political, cultural, and societal impacts. When considering the impact of international migration on the economy, the first effect that comes to mind is on economic growth. In this context, the realization of international migration in a way that contributes to economic growth is of great importance.
The purpose of this study is to investigate the impact of refugees on economic growth using the panel regression method. Four of Syria’s neighboring countries most affected by Syrian migration, namely Turkey, Iraq, Jordan, and Lebanon, are included in the analysis. The study utilizes annual data from 2012-2023 to examine the effects of refugees on economic growth. According to the results of the Panel Regression Analysis, the impact of refugees on economic growth in these countries is positive and statistically significant. A 1% increase in the number of refugees raises economic growth by 0.2936%.