The responsiveness of remittances to the oil price: 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
Main Author: Naufal, George
Termos, Ali
Format: Publication
Language: English
Place of publication: Institute for the Study of Labor (IZA) Bonn 01.07.2009
Data of publication: 2009-07-01
Classification Codes:


Dewey Decimal Classification: 330
Discipline: Economics
Subjects:
Online Access: available in Bonn?
Database: OpenAIRE (Open Access)
OpenAIRE
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