The Macroeconomics of Workers’ Remittances in GCC Countries
AbstractThe paper investigates the macroeconomic effects of workers’ remittances on the economies of the Gulf Cooperation Council. The theoretical Dutch Disease model is augmented in order to take into account migration and remittances, and the paper shows that workers’ remittances from the Gulf dampen the appreciation of the real exchange rate led by the boom in oil resources.
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Bibliographic InfoPaper provided by Economic Research Forum in its series Working Papers with number 410.
Length: 17 pages
Date of creation: Jun 2008
Date of revision: Jun 2008
Publication status: Published by The Economic Research Forum (ERF)
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