When Migrant Remittances Are Not Everlasting, How Can Morocco Make Up ?
AbstractIn this paper, I run a computable general equilibrium (CGE) model of the Moroccan economy to investigate the transmission channels through which remittances affect households and sectors. I give a particular attention to the investment of remittances in the real estate sector, by allowing a segmentation of the savings market. To begin with, I assess the negative impact of immigration restrictive policies and permanent migration on the future evolution of remittances. Then I ask what would be the appropriate policies to take the maximum profit from current flows. It turns out that channelling investment from real estate to productive sectors is unexpectedly harmful in terms of growth and welfare. Positive effects stem only from government ability to attract investors through an improvement in the country risk premium, and private efforts to reduce international transfer costs.
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Bibliographic InfoPaper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00344833.
Date of creation: Nov 2008
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Sequential dynamics; computable general equilibrium model; migration; remittances.;
Other versions of this item:
- Karam Fida, 2010. "When Migrant Remittances Are Not Everlasting: How Can Morocco Make Up?," Review of Middle East Economics and Finance, De Gruyter, vol. 6(1), pages 1-38, July.
- Fida Karam, 2008. "When Migrant Remittances Are Not Everlasting, How Can Morocco Make Up?," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) hal-00304885, HAL.
- Fida Karam, 2008. "When migrant remittances are not everlasting, how can Morocco make up ?," Documents de travail du Centre d'Economie de la Sorbonne bla08081, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- F24 - International Economics - - International Factor Movements and International Business - - - Remittances
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