The Macroeconomics of Workers’ Remittances in GCC Countries
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.
|Date of creation:||Jun 2008|
|Date of revision:||Jun 2008|
|Publication status:||Published by The Economic Research Forum (ERF)|
|Contact details of provider:|| Postal: 21 Al-Sad Al Aaly St. Dokki, Giza|
Web page: http://www.erf.org.eg
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