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Impact des Transferts de Fonds sur le Taux de Change Réel Effectif en Tunisie

Author

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  • Farid MAKHLOUF
  • Khaled CHNAINA

Abstract

Les transferts de fonds vers la Tunisie constituent une source de devises non négligeable, Ils ont augmenté d’une manière rapide notamment la dernière décennie. Ces devises engendrées par les migrants tunisiens, peuvent causer le phénomène de syndrome hollandais. Le but de ce travail est d’étudier l’impact des ces transferts sur taux de change réel effectif. En estimant des relations de co-intégration avec ruptures structurelles par l’intermédiaire de la méthode de Johansen et al. (2000) et Saikkonen et Lütkepohl (2000) et Saikkonen et al. (2004), nous avons trouvé qu’une augmentation de 1% de ratio des transferts de fonds sur PIB provoque une appréciation de taux de change réel d’équilibre de 0,39 %. Ce qui confirme l’hypothèse de syndrome hollandais dans l’économie tunisienne. Remittances in Tunisia constitute a main foreign flow, they have increased rapidly particularly over the past decade. This devises which generated by Tunisian migrants can induce Dutch disease. The aim of this study is to analyze the relationship between remittances and reel effective exchange rate. By estimating cointegration relations with structural breaks through the method of Johansen et al. (2000) and Saikkonen-Lütkepohl (2000) Saikkonen et al. (2004), we found that an increase in worker’s remittances of 1% point of GDP is associated with an appreciation of Tunisia’s real effective exchange rate by 0.39%. This result approves the hypothesis of Dutch disease in Tunisia.

Suggested Citation

  • Farid MAKHLOUF & Khaled CHNAINA, 2012. "Impact des Transferts de Fonds sur le Taux de Change Réel Effectif en Tunisie," Working Papers 2011-2012_4, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Feb 2012.
  • Handle: RePEc:tac:wpaper:2011-2012_4
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    References listed on IDEAS

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    Cited by:

    1. Farid Farid, 2014. "The impact of exchange rate policy on remittances in Morocco: A Threshold VAR analysis," Economics Bulletin, AccessEcon, vol. 34(4), pages 2351-2360.
    2. Jamal Bouoiyour & Refk Selmi & Amal Miftah, 2019. "The relationship between remittances and macroeconomic variables in times of political and social upheaval: Evidence from Tunisia's Arab Spring," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 27(2), pages 355-394, February.
    3. Farid Makhlouf, 2013. "Remittances and Dutch Disease: A Meta-Analysis," Working Papers hal-01885152, HAL.

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