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Structural Change in MENA Remittance Flows

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  • George S. Naufal
  • Ismail H. Genc

Abstract

After independence, the GCC countries relied heavily on foreign workers from fellow Arabs countries. Thus, remittances flowed from GCC to other countries in MENA. In the 1980s-1990s labor source switched to South Asia, which we econometrically verify. This deprived several MENA labor exporters of large sums of foreign exchange, adding significant economic, social and political hardships on non-GCC MENA countries.

Suggested Citation

  • George S. Naufal & Ismail H. Genc, "undated". "Structural Change in MENA Remittance Flows," Economics Working Papers 07-05/2013, School of Business Administration, American University of Sharjah.
  • Handle: RePEc:sha:ecowps:07-05/2013
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    References listed on IDEAS

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    More about this item

    Keywords

    Migration; Remittances; Unit roots; Structural break; the Gulf Cooperation Council (GCC); Middle East and North Africa (MENA);

    JEL classification:

    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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