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The Macroeconomics of Workers’ Remittances in GCC Countries

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  • Brahim Razgallah

    ()
    (Arab Monetary Fund)

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    Abstract

    The 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 Info

    Paper provided by Economic Research Forum in its series Working Papers with number 410.

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    Length: 17 pages
    Date of creation: Jun 2008
    Date of revision: Jun 2008
    Publication status: Published by The Economic Research Forum (ERF)
    Handle: RePEc:erg:wpaper:410

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