Policy implications of remittances, trade liberalization and Dutch disease – A comparative analysis based on income categorization
Author
Abstract
Suggested Citation
DOI: 10.1016/j.resourpol.2021.102088
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Gazi M. Hassan & Mark J. Holmes, 2013.
"Remittances and the real effective exchange rate,"
Applied Economics, Taylor & Francis Journals, vol. 45(35), pages 4959-4970, December.
- Hassan, Gazi & Holmes, Mark, 2012. "Remittances and the real effective exchange rate," MPRA Paper 40084, University Library of Munich, Germany.
- Emmanuel K. K. Lartey & Federico S. Mandelman & Pablo A. Acosta, 2012.
"Remittances, Exchange Rate Regimes and the Dutch Disease: A Panel Data Analysis,"
Review of International Economics, Wiley Blackwell, vol. 20(2), pages 377-395, May.
- Pablo A. Acosta & Emmanuel K. K. Lartey & Federico S. Mandelman, 2008. "Remittances, exchange rate regimes, and the Dutch disease: a panel data analysis," FRB Atlanta Working Paper 2008-12, Federal Reserve Bank of Atlanta.
- Arellano, Manuel & Bover, Olympia, 1995.
"Another look at the instrumental variable estimation of error-components models,"
Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
- M Arellano & O Bover, 1990. "Another Look at the Instrumental Variable Estimation of Error-Components Models," CEP Discussion Papers dp0007, Centre for Economic Performance, LSE.
- Acosta, Pablo A. & Lartey, Emmanuel K.K. & Mandelman, Federico S., 2009.
"Remittances and the Dutch disease,"
Journal of International Economics, Elsevier, vol. 79(1), pages 102-116, September.
- Pablo A. Acosta & Emmanuel K. K. Lartey & Federico S. Mandelman, 2007. "Remittances and the Dutch disease," FRB Atlanta Working Paper 2007-08, Federal Reserve Bank of Atlanta.
- GU, Jianqiang & Umar, Muhammad & Soran, Semih & Yue, Xiao-Guang, 2020. "Exacerbating effect of energy prices on resource curse: Can research and development be a mitigating factor?," Resources Policy, Elsevier, vol. 67(C).
- David Roodman, 2009.
"How to do xtabond2: An introduction to difference and system GMM in Stata,"
Stata Journal, StataCorp LP, vol. 9(1), pages 86-136, March.
- David Roodman, 2006. "How to Do xtabond2: An Introduction to "Difference" and "System" GMM in Stata," Working Papers 103, Center for Global Development.
- Su, Chi-Wei & Cai, Xu-Yu & Qin, Meng & Tao, Ran & Umar, Muhammad, 2021. "Can bank credit withstand falling house price in China?," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 257-267.
- Maurice Obstfeld & Kenneth S. Rogoff, 1996. "Foundations of International Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262150476, December.
- Naseer, Ahsan & Su, Chi-Wei & Mirza, Nawazish & Li, Jing-Ping, 2020. "Double jeopardy of resources and investment curse in South Asia: Is technology the only way out?," Resources Policy, Elsevier, vol. 68(C).
- Dani Rodrik, 2008. "The Real Exchange Rate and Economic Growth," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(2 (Fall)), pages 365-439.
- Jackline Wahba, 1998. "The transmission of Dutch disease and labour migration," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 7(3), pages 355-365.
- Blundell, Richard & Bond, Stephen, 1998.
"Initial conditions and moment restrictions in dynamic panel data models,"
Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
- R Blundell & Steven Bond, "undated". "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers W14&104., Economics Group, Nuffield College, University of Oxford.
- Richard Blundell & Stephen Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers W95/17, Institute for Fiscal Studies.
- Blundell, R. & Bond, S., 1995. "Initial Conditions and Moment Restrictions in Dynamic Panel Data Models," Economics Papers 104, Economics Group, Nuffield College, University of Oxford.
- Kushneel Avneet Prakash & Anjani Mala, 2016. "Is the Dutch disease effect valid in relation to remittances and the real exchange rate in Fiji?," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 21(4), pages 571-577, October.
- Wang, Kai-Hua & Umar, Muhammad & Akram, Rabia & Caglar, Ersin, 2021. "Is technological innovation making world "Greener"? An evidence from changing growth story of China," Technological Forecasting and Social Change, Elsevier, vol. 165(C).
- Burçak Polat & Antonio RodrÃguez Andrés, 2019. "Do emigrants’ remittances cause Dutch disease? A developing countries case study," The Economic and Labour Relations Review, , vol. 30(1), pages 59-76, March.
- Adolfo Barajas & Ralph Chami & Dalia Hakura & Peter Montiel, 2011.
"Workers’ Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence,"
Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Spring 20), pages 45-99, January.
- Mr. Ralph Chami & Mr. Adolfo Barajas & Mr. Peter J Montiel & Ms. Dalia S Hakura, 2010. "Workers’ Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence," IMF Working Papers 2010/287, International Monetary Fund.
- Adolfo Barajas & Ralph Chami & Dalia Hakura & Peter Montiel, 2010. "Workers' Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence," Department of Economics Working Papers 2010-12, Department of Economics, Williams College.
- Adolfo Barajas & Ralph Chami & Dalia Hakura & Peter Montiel, 2010. "Workers' Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence," Center for Development Economics 2010-02, Department of Economics, Williams College.
- Umar, Muhammad & Su, Chi-Wei & Rizvi, Syed Kumail Abbas & Shao, Xue-Feng, 2021. "Bitcoin: A safe haven asset and a winner amid political and economic uncertainties in the US?," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
- Katsuya Ito, 2017. "Remittances and the Dutch Disease: Evidence from the Republic of Moldova," International Economic Journal, Taylor & Francis Journals, vol. 31(3), pages 462-469, July.
- Ripon Roy & Robert Dixon, 2016. "Workers’ remittances and the Dutch disease in South Asian countries," Applied Economics Letters, Taylor & Francis Journals, vol. 23(6), pages 407-410, April.
- Amuedo-Dorantes, Catalina & Pozo, Susan, 2004. "Workers' Remittances and the Real Exchange Rate: A Paradox of Gifts," World Development, Elsevier, vol. 32(8), pages 1407-1417, August.
- Su, Chi-Wei & Qin, Meng & Tao, Ran & Umar, Muhammad, 2020. "Financial implications of fourth industrial revolution: Can bitcoin improve prospects of energy investment?," Technological Forecasting and Social Change, Elsevier, vol. 158(C).
- Umar, Muhammad & Rizvi, Syed Kumail Abbas & Naqvi, Bushra, 2021. "Dance with the devil? The nexus of fourth industrial revolution, technological financial products and volatility spillovers in global financial system," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
- Sun, Ting-Ting & Su, Chi-Wei & Mirza, Nawazish & Umar, Muhammad, 2021. "How does trade policy uncertainty affect agriculture commodity prices?," Pacific-Basin Finance Journal, Elsevier, vol. 66(C).
- H. Issa & B. Ouattara, 2008.
"Foreign Aid Flows And Real Exchange Rate: Evidence From Syria,"
Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 33(1), pages 133-146, June.
- H Issa & B Ouattara, 2004. "Foreign Aid Flows and Real Exchange Rate: Evidence from Syria," Economics Discussion Paper Series 0408, Economics, The University of Manchester.
- Mamta B. Chowdhury & Fazle Rabbi, 2014. "Workers' remittances and Dutch Disease in Bangladesh," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 23(4), pages 455-475, June.
- Ibrahim A. Elbadawi & Linda Kaltani & Klaus Schmidt-Hebbel, 2008. "Foreign Aid, the Real Exchange Rate, and Economic Growth in the Aftermath of Civil Wars," The World Bank Economic Review, World Bank, vol. 22(1), pages 113-140, February.
- Pedro M. G. Martins, 2013. "Do large capital inflows hinder competitiveness? The Dutch disease in Ethiopia," Applied Economics, Taylor & Francis Journals, vol. 45(8), pages 1075-1088, March.
- Yves Bourdet & Hans Falck, 2006. "Emigrants' remittances and Dutch Disease in Cape Verde," International Economic Journal, Taylor & Francis Journals, vol. 20(3), pages 267-284.
- Manuel Arellano & Stephen Bond, 1991.
"Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
- Tom Doan, "undated". "RATS program to replicate Arellano-Bond 1991 dynamic panel," Statistical Software Components RTZ00169, Boston College Department of Economics.
- Emmanuel Owusu-Sekyere & Reneé van Eyden & Francis M Kemegue, 2014.
"Remittances and the Dutch Disease in Sub-Saharan Africa: A Dynamic Panel Approach,"
Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 8(3), September.
- Emmanuel Owusu-Sekyere & Renee van Eyden & Francis Kemegue, 2011. "Remittances And The Dutch Disease In Sub-Saharan Africa: A Dynamic Panel Approach," Working Papers 201129, University of Pretoria, Department of Economics.
- Emmanuel Owusu-Sekyere & Francis M. Kemegue & Reneé van Eyden, 2011. "Remittances and the Dutch disease in Sub-Saharan Africa. A Dynamic Panel Approach," Working Papers 259, Economic Research Southern Africa.
- Su, Chi-Wei & Qin, Meng & Tao, Ran & Shao, Xue-Feng & Albu, Lucian Liviu & Umar, Muhammad, 2020. "Can Bitcoin hedge the risks of geopolitical events?," Technological Forecasting and Social Change, Elsevier, vol. 159(C).
- Subhayu Bandyopadhyay & Arabinda Basistha & Jonathan Munemo, 2007. "Foreign aid and export performance: a panel data analysis of developing countries," Working Papers 2007-023, Federal Reserve Bank of St. Louis.
- Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
- B Ouattara & E Strobl, 2003. "Do Aid Inflows Cause Dutch Disease? A Case Study of the CFA Franc Countries," Economics Discussion Paper Series 0330, Economics, The University of Manchester.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Amiri, Hossein & Sayadi, Mohammad & Mamipour, Siab, 2021. "Oil Price Shocks and Macroeconomic Outcomes; Fresh Evidences from a scenario-based NK-DSGE analysis for oil-exporting countries," Resources Policy, Elsevier, vol. 74(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Burçak Polat & Antonio RodrÃguez Andrés, 2019. "Do emigrants’ remittances cause Dutch disease? A developing countries case study," The Economic and Labour Relations Review, , vol. 30(1), pages 59-76, March.
- Hao, Linna & Ahmad, Shabbir & Chang, Hsu-Ling & Umar, Muhammad, 2021. "Knowledge spill-over and institutional quality role in controlling Dutch disease: A case of BRICS countries," Resources Policy, Elsevier, vol. 72(C).
- Adnan KHURSHID & Yin KEDONG & Adrian Cantemir CĂLIN & Zhaosu MENG & Naila NAZIR, 2018. "Remittances Inflows, Gain of Foreign Exchange or Trade Loss? New Evidence from Low, Lower-Middle and Middle-Income Groups," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 20-41, December.
- Gnangnon, Sèna Kimm, 2020. "Development Aid, Remittances Inflows and Wages in the Manufacturing Sector of Recipient-Countries," EconStor Preprints 213439, ZBW - Leibniz Information Centre for Economics.
- Sena Kimm Gnangnon, 2019. "Remittances Inflows and Trade Policy," Remittances Review, Remittances Review, vol. 4(2), pages 117-142, October.
- Sèna Kimm Gnangnon, 2020. "Development aid, remittances inflows and wages in the manufacturing sector," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 22(2), pages 278-304, December.
- Michel Beine & Serge Coulombe & Wessel N. Vermeulen, 2015.
"Dutch Disease and the Mitigation Effect of Migration: Evidence from Canadian Provinces,"
Economic Journal, Royal Economic Society, vol. 125(589), pages 1574-1615, December.
- Michel Beine & Serge Coulombe & Wessel N. Vermeulen, 2012. "Dutch Disease and the Mitigation Effect of Migration: Evidence from Canadian Provinces," CESifo Working Paper Series 3813, CESifo.
- Michel Beine & Serge Coulombe & Wessel N. Vermeulen, 2012. "Dutch Disease and the Mitigation Effect of Migration: Evidence from Canadian Provinces," DEM Discussion Paper Series 12-06, Department of Economics at the University of Luxembourg.
- Roy, Ripon & Rahman, Md. Mokhlesur, 2014. "An empirical analysis of remittance – inflation relationship in Bangladesh: post-floating exchange rate scenario," MPRA Paper 55190, University Library of Munich, Germany.
- Farid Makhlouf & Mazhar Mughal, 2013.
"Remittances, Dutch Disease, And Competitiveness: A Bayesian Analysis,"
Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(2), pages 67-97, June.
- Farid Makhlouf & Mazhar Mughal, 2011. "Remittances, Dutch Disease, and Competitiveness - A Bayesian Analysis," Working Papers hal-01885157, HAL.
- Farid Makhlouf & Mazhar Mughal, 2013. "Remittances, Dutch Disease, and Competitiveness: a Bayesian Analysis," Post-Print hal-01885290, HAL.
- Farid Makhlouf & Mazhar Mughal, 2011. "Remittances, Dutch Disease, and Competitiveness - A Bayesian Analysis," Working papers of CATT hal-01885157, HAL.
- Emmanuel Owusu-Sekyere & Reneé van Eyden & Francis M Kemegue, 2014.
"Remittances and the Dutch Disease in Sub-Saharan Africa: A Dynamic Panel Approach,"
Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 8(3), September.
- Emmanuel Owusu-Sekyere & Francis M. Kemegue & Reneé van Eyden, 2011. "Remittances and the Dutch disease in Sub-Saharan Africa. A Dynamic Panel Approach," Working Papers 259, Economic Research Southern Africa.
- Emmanuel Owusu-Sekyere & Renee van Eyden & Francis Kemegue, 2011. "Remittances And The Dutch Disease In Sub-Saharan Africa: A Dynamic Panel Approach," Working Papers 201129, University of Pretoria, Department of Economics.
- Ben Naceur, Sami & Bakardzhieva, Damyana & Kamar, Bassem, 2012. "Disaggregated Capital Flows and Developing Countries’ Competitiveness," World Development, Elsevier, vol. 40(2), pages 223-237.
- Jounghyeon Kim, 2019. "The Impact of Remittances on Exchange Rate and Money Supply: Does “Openness” Matter in Developing Countries?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(15), pages 3682-3707, December.
- Balli, Faruk & Rana, Faisal, 2015. "Determinants of risk sharing through remittances," Journal of Banking & Finance, Elsevier, vol. 55(C), pages 107-116.
- T. V. Ojapinwa & N. I. Nwokoma, 2018. "Workers’ Remittances and the Dutch‐Disease Argument: Investigating the Relationship in Sub‐Saharan Africa," African Development Review, African Development Bank, vol. 30(3), pages 316-324, September.
- Efobi, Uchenna & Asongu, Simplice & Okafor, Chinelo & Tchamyou, Vanessa & Tanankem, Belmondo, 2016.
"Diaspora Remittance Inflow, Financial Development and the Industrialisation of Africa,"
MPRA Paper
76121, University Library of Munich, Germany.
- Uchenna Efobi & Simplice A. Asongu & Chinelo Okafor & Vanessa Tchamyou & Belmondo Tanankem, 2016. "Diaspora Remittance Inflow, Financial Development and the Industrialisation of Africa," Research Africa Network Working Papers 16/037, Research Africa Network (RAN).
- Efobi Uchenna & Simplice Asongu & Chinelo Okafor & Vanessa Tchamyou, 2016. "Diaspora Remittance Inflow, Financial Development and the Industrialisation of Africa," Working Papers of the African Governance and Development Institute. 16/037, African Governance and Development Institute..
- Muntasir Murshed & Seemran Rashid, 2020.
"An Empirical Investigation of Real Exchange Rate Responses to Foreign Currency Inflows: Revisiting the Dutch Disease Phenomenon in South Asia,"
The Economics and Finance Letters, Conscientia Beam, vol. 7(1), pages 23-46.
- Murshed, Muntasir & Rashid, Seemran, 2020. "An Empirical Investigation of Real Exchange Rate Responses to Foreign Currency Inflows: Revisiting the Dutch Disease phenomenon in South Asia," MPRA Paper 98756, University Library of Munich, Germany.
- Yang, Jinxuan & Rizvi, Syed Kumail Abbas & Tan, Zhixiong & Umar, Muhammad & Koondhar, Mansoor Ahmed, 2021. "The competing role of natural gas and oil as fossil fuel and the non-linear dynamics of resource curse in Russia," Resources Policy, Elsevier, vol. 72(C).
- Simplice A. Asongu & Nicholas M. Odhiambo, 2020.
"Remittances, the diffusion of information and industrialisation in Africa,"
Contemporary Social Science, Taylor & Francis Journals, vol. 15(1), pages 98-117, January.
- Asongu, Simplice & Odhiambo, Nicholas, 2019. "Remittances, the Diffusion of Information and Industrialisation in Africa," MPRA Paper 101090, University Library of Munich, Germany.
- Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Remittances, the Diffusion of Information and Industrialisation in Africa," Working Papers 19/024, European Xtramile Centre of African Studies (EXCAS).
- Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Remittances, the Diffusion of Information and Industrialisation in Africa," Working Papers of the African Governance and Development Institute. 19/024, African Governance and Development Institute..
- Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Remittances, the Diffusion of Information and Industrialisation in Africa," Research Africa Network Working Papers 19/024, Research Africa Network (RAN).
- Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Remittances, the Diffusion of Information and Industrialisation in Africa," CEREDEC Working Papers 19/024, Centre de Recherche pour le Développement Economique (CEREDEC).
- Asongu, Simplice A & Odhiambo, Nicholas M, 2019. "Remittances,The diffusion of information and industrialisation in Africa," Working Papers 25419, University of South Africa, Department of Economics.
- Efobi, Uchenna & Asongu, Simplice & Okafor, Chinelo & Tchamyou, Vanessa & Tanankem, Belmondo, 2019.
"Remittances, finance and industrialisation in Africa,"
Journal of Multinational Financial Management, Elsevier, vol. 49(C), pages 54-66.
- Uchenna Efobi & Simplice A. Asongu & Chinelo Okafor & Vanessa Tchamyou & Belmondo Tanankem, 2019. "Remittances, Finance and Industrialisation in Africa," CEREDEC Working Papers 19/009, Centre de Recherche pour le Développement Economique (CEREDEC).
- Uchenna Efobi & Simplice A. Asongu & Chinelo Okafor & Vanessa Tchamyou & Belmondo Tanankem, 2019. "Remittances, Finance and Industrialisation in Africa," Research Africa Network Working Papers 19/009, Research Africa Network (RAN).
- Uchenna R. Efobi & Simplice A. Asongu & Chinelo Okafor & Vanessa Tchamyou & Belmondo Tanankem, 2019. "Remittances, Finance and Industrialisation in Africa," Working Papers of the African Governance and Development Institute. 19/009, African Governance and Development Institute..
- Uchenna R. Efobi & Simplice A. Asongu & Chinelo Okafor & Vanessa Tchamyou & Belmondo Tanankem, 2019. "Remittances, Finance and Industrialisation in Africa," Working Papers 19/009, European Xtramile Centre of African Studies (EXCAS).
- Efobi, Uchenna & Asongu, Simplice & Okafor, Chinelo & Tchamyou, Vanessa & Tanankem, Belmondo, 2019. "Remittances, Finance and Industrialisation in Africa," MPRA Paper 93533, University Library of Munich, Germany.
- Farid Makhlouf & Mazhar Mughal, 2013.
"Remittances, Dutch Disease, And Competitiveness: A Bayesian Analysis,"
Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(2), pages 67-97, June.
- Farid Makhlouf & Mazhar Mughal, 2011. "Remittances, Dutch Disease, and Competitiveness - A Bayesian Analysis," Working Papers hal-01885157, HAL.
- Mazhar Yasin MUGHAL & Farid MAKHLOUF, 2011. "Remittances, Dutch Disease, and Competitiveness - A Bayesian Analysis," Working Papers 2011-2012_1, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Dec 2011.
- Farid Makhlouf & Mazhar Mughal, 2013. "Remittances, Dutch Disease, and Competitiveness: a Bayesian Analysis," Post-Print hal-01885290, HAL.
- Farid Makhlouf & Mazhar Mughal, 2011. "Remittances, Dutch Disease, and Competitiveness - A Bayesian Analysis," Working papers of CATT hal-01885157, HAL.
More about this item
Keywords
Dutch disease; Exchange rate; Remittances; Trade liberalization; Technological progress;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:72:y:2021:i:c:s0301420721001033. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.