The responsiveness of remittances to price of oil: the case of the GCC

We investigate the responsiveness of remittances from the Gulf Cooperation Council (GCC) countries to the changes in the price of crude oil. Most of the GCC countries rank in the top 20 remitting countries in the world. We find that oil price elasticity of remittances is around 0.4. While most studi...

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Bibliographic details
Volume: 33
Main Author: Naufal, George S
Termos, Ali
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Oxford, UK Blackwell Publishing Ltd 01.09.2009
Wiley Subscription Services, Inc
published in: OPEC energy review Vol. 33; no. 3‐4; pp. 184 - 197
Data of publication: September/December 2009
ISSN: 1753-0229
EISSN: 1753-0237
Discipline: Economics
Applied Sciences
Online Access: available in Bonn?
Database: Pascal-Francis
Academic OneFile (A&I only)
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