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The Macroeconomics of Workers’ Remittances in GCC Countries

Brahim Razgallah

No 410, Working Papers from Economic Research Forum

Abstract: The paper investigates the macroeconomic effects of workers’ remittances on the economies of the Gulf Cooperation Council. The theoretical Dutch Disease model is augmented in order to take into account migration and remittances, and the paper shows that workers’ remittances from the Gulf dampen the appreciation of the real exchange rate led by the boom in oil resources.

Pages: 16
Date: 2008-01-06, Revised 2008-01-06
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Citations: View citations in EconPapers (3)

Published by The Economic Research Forum (ERF)

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