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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 regio...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2008.
©2008 |
| Colección: | IMF working paper ;
WP/08/167. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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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| Notas: | At head of title: Middle East and Central Asia Department. "July 2008." |
| Descripción Física: | 1 online resource (17 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (pages 16-17). |