Migration Remittances Inflows and Macroeconomic Shocks: The Case of Egypt

Aliaa Nabil KHODEİR

Makale detayları

Migration Remittances Inflows and Macroeconomic Shocks: The Case of Egypt

Yazarlar:

Aliaa Nabil KHODEİR

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2015 Vol.5 Issue 4, pp.1001-1010

Belge Tipi:

Makale

Yayın Tarihi:

11/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000813624

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

This paper explores to what extent Egyptian remittances inflows serve as a hedge against macroeconomic shocks. This is the first study applied on Egypt focusing on both the determinants of remittances and their cyclical behavior at the same time. By estimating a vector error correction (VEC) model, it was found that remittances inflows were associated significantly with real per capita income, money supply and oil price, in both long and short run. This indicated that remittance flows to Egypt were for investment and not for family support purposes.  The analysis of impulse response functions confirmed that remittances inflows were procyclical with output shocks, reducing support for the ability of remittances as a hedge against macroeconomic shocks. This paper suggests that; policy makers should deal cautiously with the different aspects of remittances and its analysis could be applied to other small open economies.

Makale detayları

Migration Remittances Inflows and Macroeconomic Shocks: The Case of Egypt

Yazarlar: Aliaa Nabil KHODEİR

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2015 Vol.5 Issue 4, pp.1001-1010

Belge Tipi: Makale

Yayın Tarihi: 11/2015

Belge Dili: Türkçe

Document ID (Org No.): 2000813624

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Aliaa Nabil KHODEİR

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2015 Vol.5 Issue 4, pp.1001-1010

Belge Tipi:

Makale

Yayın Tarihi:

11/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000813624

Sıklık:

İki Aylık

eISSN:

2146-4138