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The Impact of Remittances on Economic Growth: The Evidence from Morocco

Listed author(s):
  • Farid MAKHLOUF
  • Adil NAAMANE

The purpose of this article is to contribute to the empirical literature and to enrich the debate on the impact of worker’s remittances on growth, in home countries. By using the VAR model, we analyzed the impact of the worker’s remittances transfers on the economic growth in Morocco. Impulse response functions and variance decomposition show that the worker’s remittances have a positive impact on the GDP per capita. The results show also that through financial development through which remittances affect economic growth. L’idée de cet article est de contribuer à la littérature empirique sur l’impact des transferts de fonds des migrants sur la croissance économique dans les pays d’origine. En utilisant le modèle VAR dans le cas Marocain, les résultats des fonctions « impulses réponses » et la décomposition de la variance montrent que les transferts de fonds ont un effet positif sur la croissance économique marocaine. Les résultats démontrent également que le développement financier est le principal canal de transmission.

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File URL: http://gtl.univ-pau.fr/travaux/1355F_124909_2013_2014_3Impact_of_Remittances_on_Economic_Growth_Morocco_FMakhlouf_ANaamane.pdf
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Paper provided by CATT - UPPA - Université de Pau et des Pays de l'Adour in its series Working Papers with number 2013-2014_3.

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Length: 16 pages
Date of creation: Sep 2013
Date of revision: Sep 2013
Handle: RePEc:tac:wpaper:2013-2014_3
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  16. Mazhar Y. Mughal, 2013. "Remittances As Development Strategy: Stepping Stones Or Slippery Slope?," Journal of International Development, John Wiley & Sons, Ltd., vol. 25(4), pages 583-595, May.
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  18. Bichaka Fayissa & Christian Nsiah, 2010. "The Impact of Remittances on Economic Growth and Development in Africa," The American Economist, Sage Publications, vol. 55(2), pages 92-103, November.
  19. Mazhar Yasin MUGHAL & Amar Iqbal ANWAR, 2012. "Remittances, inequality and poverty in Pakistan: macro and microeconomic Evidence," Working Papers 2012-2013_2, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Aug 2012.
  20. Corden, W M, 1984. "Booming Sector and Dutch Disease Economics: Survey and Consolidation," Oxford Economic Papers, Oxford University Press, vol. 36(3), pages 359-380, November.
  21. Devesh KAPUR, 2004. "Remittances: The New Development Mantra?," G-24 Discussion Papers 29, United Nations Conference on Trade and Development.
  22. Amuedo-Dorantes, Catalina & Pozo, Susan, 2004. "Workers' Remittances and the Real Exchange Rate: A Paradox of Gifts," World Development, Elsevier, vol. 32(8), pages 1407-1417, August.
  23. Bouoiyour, Jamal & Jellal, Mohamed & Wollf, François-Charles, 2003. "Effective Cost of Brain Drain," MPRA Paper 29176, University Library of Munich, Germany.
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