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Les transferts de fonds des migrants influencent-ils le taux de change réel d’équilibre ? Cas des pays de la région MENA

Author

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  • Mariem Brahim
  • Nader Nefzi
  • Hamed Sambo

Abstract

This paper aims to examine the long-term relationship between the real effective exchange rate (REER) and its fundamentals, with a deeper analysis of the effect of remittances. Using a panel of nine MENA countries over the period 1980-2015, and an ARDL panel model, we highlight different effects (appreciation and depreciation) of fundamentals on the REER. The estimates were performed with three estimators: Pooled Mean Group, Mean Group and Dynamic Common Correlated Effects. The results obtained for the impact of all the determinants on the exchange rate are broadly confirmed in the economic literature. However, in contrast to previous studies, our results show that remittances lead to a depreciation of the real effective exchange rate; this means that they do not deteriorate the price competitiveness of recipient countries. Codes JEL : F22, F31, F40.

Suggested Citation

  • Mariem Brahim & Nader Nefzi & Hamed Sambo, 2018. "Les transferts de fonds des migrants influencent-ils le taux de change réel d’équilibre ? Cas des pays de la région MENA," Revue d’économie du développement, De Boeck Université, vol. 26(3), pages 65-119.
    • Handle: RePEc:cai:edddbu:edd_323_0065
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    Citations

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    Cited by:

    1. Moukpè Gniniguè & Essossinam Ali, 2022. "Migrant Remittances and Economic Growth in ECOWAS Countries: Does Digitalization Matter?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(5), pages 2517-2542, October.

    More about this item

    Keywords

    migration; remittances; real effective exchange rate; dutch disease; MENA;
    All these keywords.

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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