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The Impact of Remittances on Economic Growth: The Evidence from Morocco

Farid Makhlouf () and Adil Naamane
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Adil Naamane: CATT - Centre d'Analyse Théorique et de Traitement des données économiques - UPPA - Université de Pau et des Pays de l'Adour

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Abstract: The purpose of this article is to contribute to the empirical literature and to enrich the debate on the impact of worker's remittances on growth, in home countries. By using the VAR model, we analyzed the impact of the worker's remittances transfers on the economic growth in Morocco. Impulse response functions and variance decomposition show that the worker's remittances have a positive impact on the GDP per capita. The results show also that through financial development through which remittances affect economic growth. L'idée de cet article est de contribuer à la littérature empirique sur l'impact des transferts de fonds des migrants sur la croissance économique dans les pays d'origine. En utilisant le modèle VAR dans le cas Marocain, les résultats des fonctions « impulses réponses » et la décomposition de la variance montrent que les transferts de fonds ont un effet positif sur la croissance économique marocaine. Les résultats démontrent également que le développement financier est le principal canal de transmission.

Keywords: Economic growth; Remittances; VAR; Morocco (search for similar items in EconPapers)
Date: 2013-09
Note: View the original document on HAL open archive server: https://hal-univ-pau.archives-ouvertes.fr/hal-01885148
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