Remittances Impact on Economic Growth, Domestic Savings and Domestic Capital at the Presence of ODA and FDI in Selected MENA Countries

Sabra, Mahmoud M.

doi:10.5296/ijrd.v3i2.9276

Cited by 7 publications

(4 citation statements)

References 38 publications

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“…Besides, these remittances have been pro-cyclical. Sabra (2016) investigates the impact of remittances on economic growth, investment, and domestic savings in eight MENA labour-exporting countries. The author reveals a positive impact of remittances on both growth and investment but a negative impact on domestic savings.…”

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confidence: 99%

The socio-economic effects of remittances in the labour-exporting MENA countries

Awdeh

2018

IJOEM

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Purpose The Middle East and North Africa (MENA) region is, at the same time, a major source and a major recipient of remittances, which could have significant implications on the economic and social developments of the region. The purpose of this paper is to analyse the socio-economic effects of the large remittance inflows in 12 remittance-dependent MENA countries. Design/methodology/approach This study uses the vector autoregressive model and Granger causality test on the entire set of labour-exporting MENA countries, and covers the period 1991-2015. It also exploits nine (dependent) variables that represent the economic developments, external balance, employment, and the potential uses of remittances in these countries. Findings The study shows a positive and significant impact running from remittances to gross domestic product and household expenditures. On the other hand, the authors found that an increase in inflation or a decline in economic conditions result in a considerable increase in remittance inflows, proving the counter-cyclical nature of these transfers. Originality/value In addition of examining an understudied region, the paper provided many interesting concepts regarding the form of association between remittances and receiving countries’ economic conditions, and the relationship dynamics between remittances on one hand and several macro-economic and social variables on the other.

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confidence: 99%

The socio-economic effects of remittances in the labour-exporting MENA countries

Awdeh

2018

IJOEM

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“…When exploring the effect of remittances on economic growth of the authors have used both GDP per capita (Abduvaliev & Bustillo, 2019;Comes et al, 2018;Gjini, 2013;Mehedintu et al, 2019;Sabra, 2016) and GDP per capita growth (Cismaș et al, 2019;El Hamma, 2019;Ghosh Dastidar, 2017;Meyer & Shera, 2017).…”

Section: Hypothesis and Model Specificationmentioning

confidence: 99%

Migration, Covid, Remittances and Economic Growth in the Baltic States: A Regional Perspective

Přívarová

2021

EUrASEANs

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The Baltic states have faced high emigration flows since joining the EU in 2004. While integrating to the EU, the region has faced many economic and political issues, including migration due to Covid-19 and various economic factors. These issues revealed the weaknesses of their economic policies, financial systems and social security systems. Though, after the EU accession in 2004, the Baltic economies demonstrated rapid economic growth, but the financial and economic crisis has evidently shown their weaknesses. The Baltic states is a crucial example of the regions where the current emigration has drawn the attention of policy makers seeking to reduce the possible negative effects of the emigration of young and skilled workers. We have employed fixed effects and OLS estimation to conduct our research. Our regression analysis has demonstrated that remittances positively and significantly contribute to the economic growth of the Baltics. However, we emphasize the importance of further analysis of the geography of remittances to the region, especially under conditions of Brexit given the high share of remittances which the Baltics were receiving from the United Kingdom during years. The effects of Brexit on remittances flows from the United Kingdom to the Baltics will definitely take place in the future, thus, shifts in emigration flows and remittances should be in focus.

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“…Additionally, Bauer (1976) claimed that foreign assistance had damaging effects on beneficiary nations. Sabra (2016) examined the determinants of growth in selected MENA economies and considered foreign aid to impact growth and savings negatively, though positive and significant link was found between foreign aid and consumption. Employing the Two-Gap theory, Kolawole (2013) investigated the Aid-Growth nexus in Nigeria utilizing data covering 31 years .…”

Section: Aid-growth Relationshipmentioning

confidence: 99%

The Impact of Capital Inflows on Economic Growth in Nigeria: Empirical Evidence from Wavelet Coherence Technique

Adebayo

2020

Asian Journal of Economics and Empirical Research

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The study explores the interaction between capital inflows and economic growth in Nigeria using data between 1981 and 2018. This study utilized the ARDL techniques to catch the short and long-run dynamics among variables utilized, and the granger causality test was utilized to ascertain the direction of causality. Furthermore, the wavelet coherence, a recent and more powerful technique was deployed to verify the co-movement and causality among the variables. Findings from the ARDL techniques depict; (i) there is cointegration among the variables in the long-run; (ii) Gross capital formation impact economic growth positively (iii) foreign aid and FDI inflows have an insignificant impact on economic growth. The Granger causality test reveals; (i) feedback causality between gross capital formation and economic growth; (ii) unidirectional causality was found running from FDI inflows and foreign aid to economic growth. The wavelet coherence provides supportive evidence for the ARDL and Granger causality test. Based on these findings, recommendations were suggested.

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Remittances Impact on Economic Growth, Domestic Savings and Domestic Capital at the Presence of ODA and FDI in Selected MENA Countries

Cited by 7 publications

References 38 publications

The socio-economic effects of remittances in the labour-exporting MENA countries

The socio-economic effects of remittances in the labour-exporting MENA countries

Migration, Covid, Remittances and Economic Growth in the Baltic States: A Regional Perspective

The Impact of Capital Inflows on Economic Growth in Nigeria: Empirical Evidence from Wavelet Coherence Technique

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