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

Author

Listed:
  • Rashid Sbia

    (AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

  • Hamdi H.

    (CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon)

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 & Hamdi H., 2020. "Remittances and inflation in OPEC countries: Evidence from bias-corrected least-squares dummy variable (CLSDV) estimator," Post-Print hal-03082806, HAL.
    • Handle: RePEc:hal:journl:hal-03082806
    Note: View the original document on HAL open archive server: https://hal.science/hal-03082806
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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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    This paper has been announced in the following NEP Reports:

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