Do remittances respond to revolutions? The Evidence from Tunisia
Charlotte Fontan Sers () and
Farid Makhlouf ()
Research in International Business and Finance, 2017, vol. 42, issue C, 94-101
Remittances are an important financial flow to developing countries. The objective of this paper is to empirically investigate the reaction of Tunisian migrants through their remittances to Arab Spring in Tunisia. From monthly data acquired using times-series techniques for remittances from January 2000 to December 2016, we find reasonably strong evidence that remittances associated with Arab Spring increased. Remittances can play a positive role in absorbing economic shocks resulting from political revolution in home countries. These governments could benefit from migrants to boost their countries’ development.
Keywords: Remittances; Arab Spring; Tunisia; times series (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:42:y:2017:i:c:p:94-101
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