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Remittances and inflation in OPEC countries: Evidence from bias-corrected least-squares dummy variable (CLSDV) estimator

Rashid Sbia () and Helmi Hamdi ()

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Abstract: The aim of this paper is to investigate the impact of remittances outflows on inflation for a panel of 14 OPEC countries during the period 1980-2018. Using bias-corrected least-squares dummy variable (CLSDV) estimator, empirical results reveal that remittance outflows have no effect on inflation rate. However, trade openness and current account deficits have a positive impact on inflation. Further, oil price appears to not have any effect on inflation in OPEC countries.

Keywords: remittances; O.P.E.C; inflation; CLSDV (search for similar items in EconPapers)
Date: 2020-10
New Economics Papers: this item is included in nep-isf
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Published in Economics Bulletin, Economics Bulletin, 2020, 40 (3), pp.2471-2483

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