Through which channels can remittances spur economic growth in MENA countries?

Artikel

This paper studies the remittances' effect on economic growth. Using panel data techniques, the authors estimate several specifications to provide support of such relationship for MENA countries over the period 19802009. The findings provide new robust evidence on how remittances are used in MENA countries and detect the main channels which may interfere in this process. Estimation outcomes show that the most important part of remittances is consumed and that remittances stimulate growth only when they are invested. Moreover, empirical results suggest that remittances can enhance growth by encouraging human capital accumulation. Human capital is therefore an effective channel through which remittances stimulate growth in MENA countries.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Economics: The Open-Access, Open-Assessment E-Journal ; ISSN: 1864-6042 ; Volume: 6 ; Year: 2012 ; Issue: 2012-33 ; Pages: 1-27 ; Kiel: Kiel Institute for the World Economy (IfW)

Classification and Topics

• Classification: Wirtschaft ; Macroeconomics: Consumption; Saving; Wealth ; International Investment; Long-term Capital Movements ; Insurance; Insurance Companies; Actuarial Studies ; Geographic Labor Mobility; Immigrant Workers ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
• Subject: workers' remittances ; economic growth ; panel data ; MENA zone ; Rücküberweisung (Migranten) ; Wirtschaftswachstum ; Bildungsinvestition ; Schätzung ; MENA-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Mim, Sami Ben ; Ali, Mohamed Sami Ben
• Event: Veröffentlichung
• (who): Kiel Institute for the World Economy (IfW)
• (where): Kiel
• (when): 2012

Further information

• DOI: doi:10.5018/economics-ejournal.ja.2012-33
• Handle: http://hdl.handle.net/10419/62006
• Last update: 10.03.2025, 11:42 AM CET