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

Author

Listed:
  • Farid MAKHLOUF
  • Adil NAAMANE

Abstract

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.

Suggested Citation

  • Farid MAKHLOUF & Adil NAAMANE, 2013. "The Impact of Remittances on Economic Growth: The Evidence from Morocco," Working Papers 2013-2014_3, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Sep 2013.
  • Handle: RePEc:tac:wpaper:2013-2014_3
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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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    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. Safaa Tabit & Charaf-Eddine Moussir, 2017. "Impact Of Migrants' Remittances On Economic Growth: Case Of Morocco," Post-Print hal-01449502, HAL.

    More about this item

    Keywords

    Remittances; Economic growth; VAR; Morocco;

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • F2 - International Economics - - International Factor Movements and International Business

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