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When migrant remittances are not everlasting, how can Morocco make up?

Fida Karam ()

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: In this paper, I run a computable general equilibrium (CGE) model of the Moroccan economy to investigate the transmission channels through which remittances affect households and sectors. I give a particular attention to the investment of remittances in the real estate sector, by allowing a segmentation of the savings market. To begin with, I assess the negative impact of immigration restrictive policies and permanent migration on the future evolution of remittances. Then I ask what would be the appropriate policies to take the maximum profit from current flows. It turns out that channelling investment from real estate to productive sectors is unexpectedly harmful in terms of growth and welfare. Positive effects stem only from government ability to attract investors through an improvement in the country risk premium, and private efforts to reduce international transfer costs

Keywords: Sequential dynamics; computable general equilibrium model; migration; remittances (search for similar items in EconPapers)
JEL-codes: C68 F22 F24 (search for similar items in EconPapers)
Pages: 60 pages
Date: 2008-11
New Economics Papers: this item is included in nep-ara and nep-mig
References: Add references at CitEc
Citations: View citations in EconPapers (5)

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ftp://mse.univ-paris1.fr/pub/mse/CES2008/Bla08081.pdf (application/pdf)

Related works:
Journal Article: When Migrant Remittances Are Not Everlasting: How Can Morocco Make Up? (2010) Downloads
Working Paper: When Migrant Remittances Are Not Everlasting, How Can Morocco Make Up? (2008) Downloads
Working Paper: When Migrant Remittances Are Not Everlasting, How Can Morocco Make Up ? (2008) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:bla08081

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