Economics at your fingertips  

Assessing the Role of Remittances and Financial Deepening in Growth: The Experience of Lebanon

Abosedra Salah and Ali Fakih ()
Additional contact information
Abosedra Salah: College of Business Administration, American University in the Emirates, Dubai, United Arab Emirates

Global Economy Journal, 2017, vol. 17, issue 1, 19

Abstract: We investigate the relationship between remittances, financial deepening and the growth of the Lebanese economy using quarterly data from 1993 to 2011. Our results provide strong support for the theoretical contention that remittances and financial development share a robust long-run relationship with growth in Lebanon. However, the results indicate that short-run effects on growth volatility are statistically insignificant from financial development but strongly significant from remittances. These results extend recent findings on the financial development, remittances and growth nexus and imply that benefits expected from remittances for addressing growth volatility in Lebanon materialize more than those associated with financial development.

Keywords: remittances; financial deepening; economic growth; Lebanon; granger causality (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) ... -0059.xml?format=INT (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
Journal Article: Assessing the Role of Remittances and Financial Deepening in Growth: The Experience of Lebanon (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Global Economy Journal is currently edited by Jannett Highfill

More articles in Global Economy Journal from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

Page updated 2021-04-15
Handle: RePEc:bpj:glecon:v:17:y:2017:i:1:p:19:n:1