Workers’ Remittances and Growth in MENA Labor Exporting Countries
AbstractThis paper presents an empirical examination of effects of workers’ remittance on economic growth in a sample of 7 remittance-receiving MENA countries. In order to empirically analyze the impact of remittances we estimate growth equations using a set of 7 MENA labor exporting countries during the period 1975-2006. A standard growth models are estimated using both fixed-effects and random effects models. The empirical results show the support of the fixed –effects method as the random effects model is rejected in statistical tests. The results show the support for the view that remittances have a positive impact on growth both directly and indirectly through their interactions with financial and institutional channels.
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Bibliographic InfoPaper provided by International Network for Economic Research - INFER in its series Working Papers with number 2009.10.
Length: 19 pages
Date of creation: 2009
Date of revision:
Remittances; Economic Growth; Panel Data; Fixed effects; MENA Countries;
Find related papers by JEL classification:
- C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
- F3 - International Economics - - International Finance
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-01-30 (All new papers)
- NEP-ARA-2010-01-30 (MENA - Middle East & North Africa)
- NEP-DEV-2010-01-30 (Development)
- NEP-FDG-2010-01-30 (Financial Development & Growth)
- NEP-MIG-2010-01-30 (Economics of Human Migration)
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- Ziesemer, Thomas H.W., 2012. "Worker remittances, migration, accumulation and growth in poor developing countries: Survey and analysis of direct and indirect effects," Economic Modelling, Elsevier, Elsevier, vol. 29(2), pages 103-118.
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