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

<p>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 impa...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Mouyad Alsamara (17823668) (author)
مؤلفون آخرون: Zouhair Mrabet (17863070) (author)
منشور في: 2023
الموضوعات:
الوسوم: إضافة وسم
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author Mouyad Alsamara (17823668)
author2 Zouhair Mrabet (17863070)
author2_role author
author_facet Mouyad Alsamara (17823668)
Zouhair Mrabet (17863070)
author_role author
dc.creator.none.fl_str_mv Mouyad Alsamara (17823668)
Zouhair Mrabet (17863070)
dc.date.none.fl_str_mv 2023-05-01T00:00:00Z
dc.identifier.none.fl_str_mv 10.1016/j.resourpol.2023.103557
dc.relation.none.fl_str_mv https://figshare.com/articles/journal_contribution/Investigating_the_impact_of_remittance_outflows_and_oil_price_on_economic_growth_in_Gulf_Cooperation_Council_countries/25109291
dc.rights.none.fl_str_mv CC BY 4.0
info:eu-repo/semantics/openAccess
dc.subject.none.fl_str_mv Economics
Econometrics
Human society
Political science
Remittance outflows
Economic growth
Nonlinear panel cointegration
GCC countries
dc.title.none.fl_str_mv Investigating the impact of remittance outflows and oil price on economic growth in Gulf Cooperation Council countries
dc.type.none.fl_str_mv Text
Journal contribution
info:eu-repo/semantics/publishedVersion
text
contribution to journal
description <p>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.</p><h2>Other Information</h2> <p> Published in: Resources Policy<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.resourpol.2023.103557" target="_blank">https://dx.doi.org/10.1016/j.resourpol.2023.103557</a></p>
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identifier_str_mv 10.1016/j.resourpol.2023.103557
network_acronym_str Manara2
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oai_identifier_str oai:figshare.com:article/25109291
publishDate 2023
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spelling Investigating the impact of remittance outflows and oil price on economic growth in Gulf Cooperation Council countriesMouyad Alsamara (17823668)Zouhair Mrabet (17863070)EconomicsEconometricsHuman societyPolitical scienceRemittance outflowsEconomic growthNonlinear panel cointegrationGCC countries<p>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.</p><h2>Other Information</h2> <p> Published in: Resources Policy<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.resourpol.2023.103557" target="_blank">https://dx.doi.org/10.1016/j.resourpol.2023.103557</a></p>2023-05-01T00:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.resourpol.2023.103557https://figshare.com/articles/journal_contribution/Investigating_the_impact_of_remittance_outflows_and_oil_price_on_economic_growth_in_Gulf_Cooperation_Council_countries/25109291CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/251092912023-05-01T00:00:00Z
spellingShingle Investigating the impact of remittance outflows and oil price on economic growth in Gulf Cooperation Council countries
Mouyad Alsamara (17823668)
Economics
Econometrics
Human society
Political science
Remittance outflows
Economic growth
Nonlinear panel cointegration
GCC countries
status_str publishedVersion
title Investigating the impact of remittance outflows and oil price on economic growth in Gulf Cooperation Council countries
title_full Investigating the impact of remittance outflows and oil price on economic growth in Gulf Cooperation Council countries
title_fullStr Investigating the impact of remittance outflows and oil price on economic growth in Gulf Cooperation Council countries
title_full_unstemmed Investigating the impact of remittance outflows and oil price on economic growth in Gulf Cooperation Council countries
title_short Investigating the impact of remittance outflows and oil price on economic growth in Gulf Cooperation Council countries
title_sort Investigating the impact of remittance outflows and oil price on economic growth in Gulf Cooperation Council countries
topic Economics
Econometrics
Human society
Political science
Remittance outflows
Economic growth
Nonlinear panel cointegration
GCC countries