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10.1016_j.resourpol.2023.103557.pdf (492.83 kB)

Investigating the impact of remittance outflows and oil price on economic growth in Gulf Cooperation Council countries

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submitted on 2024-01-31, 05:07 and posted on 2024-01-31, 05:08 authored by Mouyad Alsamara, Zouhair Mrabet

Most existing studies have focused on examining the impact of labor remittance outflows on economic growth in the receiving countries, with limited attention given to the sending countries. This study utilizes the nonlinear augmented mean group method to explore the possible asymmetric impact of remittance outflows on economic growth in Gulf Cooperation Council (GCC) countries for the period of 2000–2019. The results indicate that non-oil real GDP exhibits an adverse and magnified response to an increase in remittance outflows, relative to a decrease. Furthermore, this negative impact is amplified when accounting for oil price changes. These findings have significant implications for labor markets and nationalization policies in the GCC countries.

Other Information

Published in: Resources Policy
License: http://creativecommons.org/licenses/by/4.0/
See article on publisher's website: https://dx.doi.org/10.1016/j.resourpol.2023.103557

Funding

Open Access funding provided by the Qatar National Library.

History

Language

  • English

Publisher

Elsevier

Publication Year

  • 2023

License statement

This Item is licensed under the Creative Commons Attribution 4.0 International License.

Institution affiliated with

  • Qatar University
  • College of Business and Economics - QU

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