After independence, the GCC countries relied heavily on foreign workers from fellow Arab countries. Thus, remittances … remittances. This paper examines the consequences of the shift in the source of labor by econometrically testing the existence of … structural breaks in the flow of remittances in the MENA region. The change in the direction of remittance flows deprived several …

staggering amount of remittances outflow of the GCC economies plays a stabilizing role as a tacit monetary policy tool …. Incorporating remittances in the money demand equation results in a more robust model than otherwise. We further find that the …

The literature on remittances is large and growing. However, its focus has mainly been on the effects of remittance …