1.

Record Nr.

UNINA9910463591203321

Autore

Ilahi Nadeem

Titolo

Do the gulf oil-producing countries influence regional growth? : the impact of financial and remittance flows / / Nadeem Ilahi and Riham Shendy

Pubbl/distr/stampa

[Washington, District of Columbia] : , : International Monetary Fund, , 2008

©2008

ISBN

1-4623-8505-2

1-4527-4706-7

1-4518-7025-6

1-282-84118-1

9786612841187

Descrizione fisica

1 online resource (19 p.)

Collana

IMF Working Papers

IMF working paper ; ; WP/08/167

Altri autori (Persone)

ShendyRiham

Disciplina

338.27282

Soggetti

Petroleum industry and trade

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Background; III. Hypotheses and Empirical Specification; IV. Data and Summary Statistics; Figures; 1. Output-Weighted GDP Growth Rates; Tables; 1. Summary Statistics; V. Estimation Results; 2. Ratio of GCC Current Account Surpluses to Combined Regional (non-GCC) GDP; 2. Regional Countries GDP Growth Regression; 3. Regional Countries Private Consumption Growth Regression; VI. Conclusion; 4. Regional Countries private Investment Growth Regressions; Appendix; Data Sources and Description; References

Sommario/riassunto

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 h