The Impact of Remittance Inflows on Inflation: The Case of Lebanon

Kassab Sara ()
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Kassab Sara: Canadian Leaders in International Consulting (CLIC), Ottawa, Canada

Review of Middle East Economics and Finance, 2024, vol. 20, issue 1, 113-127

Abstract: This paper investigates the impact of workers’ remittance inflows on inflation in Lebanon. The data used is monthly data spanning the period from December 2007 to May 2019. I estimate a structural vector autoregressive model using 24 monthly lags and find that a one-time remittance growth shock leads to a statistically significant increase in the inflation rate in the short run in Lebanon. Also, the results show that a remittance growth shock makes a considerable contribution to the forecast error variance for the inflation rate in Lebanon.

Keywords: remittances; inflation; Lebanon; SVAR model (search for similar items in EconPapers)
JEL-codes: E31 F24 O53 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1515/rmeef-2024-0006

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