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...

সম্পূর্ণ বিবরণ

গ্রন্থ-পঞ্জীর বিবরন
প্রধান লেখক: Ilahi, Nadeem
অন্যান্য লেখক: Shendy, Riham
বিন্যাস: পত্রিকা
ভাষা:English
প্রকাশিত: Washington, D.C. : International Monetary Fund, 2008.
মালা:IMF Working Papers; Working Paper ; No. 2008/167
অনলাইন ব্যবহার করুন:Full text available on IMF
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245 1 0 |a Do the Gulf Oil-Producing Countries Influence Regional Growth? :   |b The Impact of Financial and Remittance Flows /  |c Nadeem Ilahi, Riham Shendy. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2008. 
300 |a 1 online resource (17 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 help sustain output growth in the regional countries in the face of the global economic slowdown and oil price shocks and could provide diversification gains to international capital seeking markets uncorrelated with Northern and emerging market countries. 
538 |a Mode of access: Internet 
700 1 |a Shendy, Riham. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/167 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2008/167/001.2008.issue-167-en.xml  |z IMF e-Library