Workers’ Remittances in Yemen: Macroeconomic Determinants and Impact on Economic Growth

This study aims to examine the determinants of workers’ remittances and their impact on economic growth in Yemen. Autoregressive Distributed Lag (ARDL) bounds test to co-integration and error correction model (ECM) were applied on data covering the period from 1990 to 2014. According to the model of...

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Autores principales:	Essa A. Alhannom, Ghaleb S. Mushabeb
Formato:	article
Lenguaje:	AR EN
Publicado:	Ziane Achour University of Djelfa 2021
Materias:	remittances economic growth time series analysis Social Sciences H Commerce HF1-6182
Acceso en línea:	https://doaj.org/article/d607eb00a4c041b4a6be3523d2bb083b
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spelling	oai:doaj.org-article:d607eb00a4c041b4a6be3523d2bb083b2021-12-02T15:12:48ZWorkers’ Remittances in Yemen: Macroeconomic Determinants and Impact on Economic Growth2676-184X2710-885610.48100/merj.2021.157https://doaj.org/article/d607eb00a4c041b4a6be3523d2bb083b2021-09-01T00:00:00Zhttps://mer-j.com/merj/index.php/merj/article/view/157https://doaj.org/toc/2676-184Xhttps://doaj.org/toc/2710-8856This study aims to examine the determinants of workers’ remittances and their impact on economic growth in Yemen. Autoregressive Distributed Lag (ARDL) bounds test to co-integration and error correction model (ECM) were applied on data covering the period from 1990 to 2014. According to the model of remittances determinants, workers’ remittances in Yemen respond to the macroeconomic conditions of both the home and host countries. It is found that, in the long-run, migrant stock and income level at the host countries are positively and strongly influence remittances level, with a feeble impact of domestic inflation rates. The effect of the home country’s income seems to be positive but insignificant in explaining the behavior of remittances level. The model of economic growth suggests that, in the long-run, the impact of workers’ remittances appears to be positive and moderate with positive and stronger influences observed for financial development and official development assistance. Accordingly, it is recommended that a lesser weight should be given to remittances in the strategic planning process, taking into consideration the increasing potentials of the conditions in the neighboring host countries to be changed. In addition, using remittances as a means of economic growth can be enhanced by encouraging migrants to direct their savings towards productive investment activities, and via formal channels.Essa A. AlhannomGhaleb S. MushabebZiane Achour University of Djelfaarticleremittanceseconomic growthtime series analysisSocial SciencesHCommerceHF1-6182ARENمجلة بحوث الإدارة والاقتصاد, Vol 3, Iss 2, Pp 41-62 (2021)
institution	DOAJ
collection	DOAJ
language	AR EN
topic	remittances economic growth time series analysis Social Sciences H Commerce HF1-6182
spellingShingle	remittances economic growth time series analysis Social Sciences H Commerce HF1-6182 Essa A. Alhannom Ghaleb S. Mushabeb Workers’ Remittances in Yemen: Macroeconomic Determinants and Impact on Economic Growth
description	This study aims to examine the determinants of workers’ remittances and their impact on economic growth in Yemen. Autoregressive Distributed Lag (ARDL) bounds test to co-integration and error correction model (ECM) were applied on data covering the period from 1990 to 2014. According to the model of remittances determinants, workers’ remittances in Yemen respond to the macroeconomic conditions of both the home and host countries. It is found that, in the long-run, migrant stock and income level at the host countries are positively and strongly influence remittances level, with a feeble impact of domestic inflation rates. The effect of the home country’s income seems to be positive but insignificant in explaining the behavior of remittances level. The model of economic growth suggests that, in the long-run, the impact of workers’ remittances appears to be positive and moderate with positive and stronger influences observed for financial development and official development assistance. Accordingly, it is recommended that a lesser weight should be given to remittances in the strategic planning process, taking into consideration the increasing potentials of the conditions in the neighboring host countries to be changed. In addition, using remittances as a means of economic growth can be enhanced by encouraging migrants to direct their savings towards productive investment activities, and via formal channels.
format	article
author	Essa A. Alhannom Ghaleb S. Mushabeb
author_facet	Essa A. Alhannom Ghaleb S. Mushabeb
author_sort	Essa A. Alhannom
title	Workers’ Remittances in Yemen: Macroeconomic Determinants and Impact on Economic Growth
title_short	Workers’ Remittances in Yemen: Macroeconomic Determinants and Impact on Economic Growth
title_full	Workers’ Remittances in Yemen: Macroeconomic Determinants and Impact on Economic Growth
title_fullStr	Workers’ Remittances in Yemen: Macroeconomic Determinants and Impact on Economic Growth
title_full_unstemmed	Workers’ Remittances in Yemen: Macroeconomic Determinants and Impact on Economic Growth
title_sort	workers’ remittances in yemen: macroeconomic determinants and impact on economic growth
publisher	Ziane Achour University of Djelfa
publishDate	2021
url	https://doaj.org/article/d607eb00a4c041b4a6be3523d2bb083b
work_keys_str_mv	AT essaaalhannom workersremittancesinyemenmacroeconomicdeterminantsandimpactoneconomicgrowth AT ghalebsmushabeb workersremittancesinyemenmacroeconomicdeterminantsandimpactoneconomicgrowth
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Workers’ Remittances in Yemen: Macroeconomic Determinants and Impact on Economic Growth

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