Do the Gulf Oil-Producing Countries Influence Regional Growth? the Impact of Financial and Remittance Flows

This paper tests the association between the Gulf Cooperation Council (GCC) countries' financial and remittance outflows and regional growth in the Middle East. The findings, based on 35-year panel data, indicate that growth rates of real GDP, private consumption and private investment in regional countries are strongly associated with remittance outflows from and the accumulation of financial surpluses in the GCC. Unlike in other developing and emerging market countries, growth in regional countries is not influenced by growth in the North, and is not export led. Linkages with the GCC could h

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Year of publication:	2008
Authors:	Ilahi, Nadeem
Other Persons:	Shendy, Riham (contributor)
Publisher:	Washington : International Monetary Fund
Subject:	Rücküberweisungen \| Remittances \| Regionales Wachstum \| Regional growth \| Arabische Golf-Staaten \| Gulf countries \| Nationaleinkommen \| National income \| Kapitalexport \| Capital exports

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Extent:	Online-Ressource (19 p)
Series:	IMF Working Papers
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Contents; I. Introduction; II. Background; III. Hypotheses and Empirical Specification; IV. Data and Summary Statistics; Figures; 1. Output-Weighted GDP Growth Rates; Tables; 1. Summary Statistics; V. Estimation Results; 2. Ratio of GCC Current Account Surpluses to Combined Regional (non-GCC) GDP; 2. Regional Countries GDP Growth Regression; 3. Regional Countries Private Consumption Growth Regression; VI. Conclusion; 4. Regional Countries private Investment Growth Regressions; Appendix; Data Sources and Description; References
ISBN:	978-1-4518-7025-1 ; 978-1-4519-1478-8 ; 978-1-4518-7025-1
Source:	ECONIS - Online Catalogue of the ZBW

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