How does the flow of remittances affect the trade balance of the Middle East and North Africa?

被引:8
作者
Farzanegan, Mohammad Reza [1 ,2 ,3 ]
Hassan, Sherif Maher [1 ,3 ,4 ,5 ]
机构
[1] Philipps Univ Marburg, Ctr Near & Middle Eastern Studies CNMS, Sch Business & Econ, Econ Middle East Res Grp, Marburg, Germany
[2] CESifo, Munich, Germany
[3] ERF, Cairo, Egypt
[4] Suez Canal Univ, Ismailia, Egypt
[5] M&S Res Hub, Kassel, Germany
关键词
Remittances; Middle East and North Africa; trade balance; panel fixed effects; INTERNATIONAL MIGRATION; RICH COUNTRIES; POVERTY; GROWTH;
D O I
10.1080/17487870.2019.1609357
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
The Middle Eastern and North African (MENA) economies have one of the highest degrees of dependency on received remittances worldwide. In this study, we have examined the role of remittances in the trade balance of 11 labour abundant MENA countries. Our panel regression analysis showed that the inflow of remittances has fostered the trade deficit. We also found that the final effect of remittances depends on the level of domestic capital formation. The results are robust after controlling for other drivers of trade deficit such as income, inflation, exchange rate and institutions as well as country and year fixed effects.
引用
收藏
页码:248 / 266
页数:19
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