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The Remittances-Output Nexus : Empirical Evidence from Egypt
Author
Source
Economics Research International
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-05-22
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
This paper examines the long-run causal link between remittances and output in Egypt for the period 1977–2012.
The long-run causal link is examined using the autoregressive distributed lag (ARDL) bounds test for cointegration, along with a vector error-correction model to estimate the short- and long-run parameters of equilibrium dynamics.
Results show that remittances and GDP are cointegrated, with a statistically significant, positive causality running from remittances to output, while output is found not to be a long-run forcing factor of remittances in Egypt.
The findings of this paper shed light on the importance of remittances for promoting economic growth in Egypt.
Governmental policies that attract more remittance inflows, along with their efficient use, could promote economic growth in Egypt.
American Psychological Association (APA)
Sharaf, Mesbah Fathy. 2014. The Remittances-Output Nexus : Empirical Evidence from Egypt. Economics Research International،Vol. 2014, no. 2014, pp.1-8.
https://search.emarefa.net/detail/BIM-512024
Modern Language Association (MLA)
Sharaf, Mesbah Fathy. The Remittances-Output Nexus : Empirical Evidence from Egypt. Economics Research International No. 2014 (2014), pp.1-8.
https://search.emarefa.net/detail/BIM-512024
American Medical Association (AMA)
Sharaf, Mesbah Fathy. The Remittances-Output Nexus : Empirical Evidence from Egypt. Economics Research International. 2014. Vol. 2014, no. 2014, pp.1-8.
https://search.emarefa.net/detail/BIM-512024
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-512024