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...

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Bibliographic Details
Main Author: Ilahi, Nadeem
Other Authors: Shendy, Riham
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Working Papers; Working Paper ; No. 2008/167
Online Access:Full text available on IMF