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Remittances and inflation in OPEC countries:Evidence from bias-corrected least-squares dummy variable (CLSDV) estimator

Author

Listed:
  • Rashid Sbia

    (Aix-Marseille University, CNRS, EHESS, Centrale Marseille,)

  • Helmi Hamdi

    (CERGAM EA4225 Aix-Marseille Universite)

Abstract

The aim of this paper is to investigate the impact of remittances outflows on inflation for a panel of 14 OPEC countries during the period 1980-2018. Using bias-corrected least-squares dummy variable (CLSDV) estimator, empirical results reveal that remittance outflows have no effect on inflation rate. However, trade openness and current account deficits have a positive impact on inflation. Further, oil price appears to not have any effect on inflation in OPEC countries.

Suggested Citation

  • Rashid Sbia & Helmi Hamdi, 2020. "Remittances and inflation in OPEC countries:Evidence from bias-corrected least-squares dummy variable (CLSDV) estimator," Economics Bulletin, AccessEcon, vol. 40(3), pages 2471-2483.
    • Handle: RePEc:ebl:ecbull:eb-20-00550
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    References listed on IDEAS

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    More about this item

    Keywords

    Remittances; O.P.E.C; Inflation; CLSDV;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F3 - International Economics - - International Finance

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