Relationship between Remittances and Macroeconomic Variables in Times of Political and Social Upheaval: Evidence from Tunisia's Arab Spring
Jamal Bouoiyour (),
Refk Selmi and
Amal Miftah
Papers from arXiv.org
Abstract:
If Tunisia was hailed as a success story with its high rankings on economic, educational, and other indicators compared to other Arab countries, the 2011 popular uprisings demonstrate the need for political reforms but also major economic reforms. The Arab spring highlights the fragility of its main economic pillars including the tourism and the foreign direct investment. In such turbulent times, the paper examines the economic impact of migrant' remittances, expected to have a countercyclical behavior. Our results reveal that prior to the Arab Spring, the impacts of remittances on growth and consumption seem negative and positive respectively, while they varyingly influence local investment. These three relationships held in the short-run. By considering the period surrounding the 2011 uprisings, the investment effect of remittances becomes negative and weak in the short-and medium-run, whereas positive and strong remittances' impacts on growth and consumption are found in the long term.
Date: 2017-07
New Economics Papers: this item is included in nep-ara and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
http://arxiv.org/pdf/1708.07037 Latest version (application/pdf)
Related works:
Journal Article: The relationship between remittances and macroeconomic variables in times of political and social upheaval: Evidence from Tunisia's Arab Spring (2019) 
Working Paper: The Relationship between Remittances and Macroeconomic Variables in Times of Political and Social Upheaval: Evidence from Tunisia’s Arab Spring (2019)
Working Paper: Relationship Between Remittances and Macroeconomic Variables in Times of Political and Social Upheaval: Evidence from Tunisia's Arab Spring (2003) 
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: https://EconPapers.repec.org/RePEc:arx:papers:1708.07037
Access Statistics for this paper
More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().