Do the Gulf Oil-Producing Countries Influence Regional Growth? The Impact of Financial and Remittance Flows »
Series: IMF Working Papers
Author(s): Nadeem Ilahi , and Riham Shendy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2008
Keywords: Business cycle, growth linkages, North, South, GCC, regional linkage, decoupling, divergence, convergence, remittance
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 t...