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 Sami
Termos, Ali
Format: Journal Article
Language: English
Place of publication: Organization of the Petroleum Exporting Countries 2009
published in: OPEC Energy Review Vol. 33; no. 3; pp. 184 - 197
Data of publication: 2009
Series: OPEC Energy Review
Online Access: available in Bonn?
Database: RePEc
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