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On the Evolutionary Interplay Between Remittances, Financial Development, and Economic Growth: Evidence From MENA Countries

On the Evolutionary Interplay Between Remittances, Financial Development, and Economic Growth: Evidence From MENA Countries

Ramzi Fahrani, Azza Béjaoui
Copyright: © 2019 |Pages: 19
ISBN13: 9781522580034|ISBN10: 1522580034|ISBN13 Softcover: 9781522593942|EISBN13: 9781522580041
DOI: 10.4018/978-1-5225-8003-4.ch004
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MLA

Fahrani, Ramzi, and Azza Béjaoui. "On the Evolutionary Interplay Between Remittances, Financial Development, and Economic Growth: Evidence From MENA Countries." Intergenerational Governance and Leadership in the Corporate World: Emerging Research and Opportunities, edited by Julia Margarete Puaschunder, IGI Global, 2019, pp. 78-96. https://doi.org/10.4018/978-1-5225-8003-4.ch004

APA

Fahrani, R. & Béjaoui, A. (2019). On the Evolutionary Interplay Between Remittances, Financial Development, and Economic Growth: Evidence From MENA Countries. In J. Puaschunder (Ed.), Intergenerational Governance and Leadership in the Corporate World: Emerging Research and Opportunities (pp. 78-96). IGI Global. https://doi.org/10.4018/978-1-5225-8003-4.ch004

Chicago

Fahrani, Ramzi, and Azza Béjaoui. "On the Evolutionary Interplay Between Remittances, Financial Development, and Economic Growth: Evidence From MENA Countries." In Intergenerational Governance and Leadership in the Corporate World: Emerging Research and Opportunities, edited by Julia Margarete Puaschunder, 78-96. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-8003-4.ch004

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Abstract

In this chapter, the authors attempt to investigate the interaction between remittances and financial development and its impact on the economic growth over the period 1980-2016. In this respect, they apply the autoregressive distributed lag bound test (ARDL) approach on cross-country of data series from 1980 to 2016 to study the short- and long-run relationship of remittances and financial development with economic growth. The empirical results show that the direct effects of shipments on growth are significant. On the other hand, the impact of remittances on economic seems to be more significant by means of the financial development. It also shows that these shipments are more efficient in the case of a less developed informal sector, a politically stable economy, and a developed financial structure.

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