Macroeconomic Implications of Remittances in MENA and Mediterranean countries

Anna Tykhonenko () and C. Berthomieu ()
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C. Berthomieu: CEMAFI - Centre d'Etudes en Macroéconomie et Finance Internationale - UNS - Université Nice Sophia Antipolis (1965 - 2019)

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Abstract: The aim of this paper is to examine the macroeconomic implications of remittances in MENA and Mediterranean countries. After a brief review of theoretical and empirical literature devoted to macroeconomic performance of remittances, we select the arguments that can be applied to this region and try to identify a significant relationship between remittances and per capita growth in these countries. The Iterative Bayesian procedure allows us to calculate the rates of convergence for each MENA country (without then with taking into account the remittances flows). Our results show that only 6 countries out of 13 appear to have a positive impact of remittances on growth.

Keywords: endogenous growth; remittances; MENA; speed of convergence; panel data; Bayesian shrinkage estimator; endogenous growth. (search for similar items in EconPapers)
Date: 2009-09-01
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Published in Topics in Middle Eastern and North African Economies, 2009, 11, pp.1-19

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00726358

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