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AEC 2008 - The Determinants of Remittances by Moroccans Resident Abroad: Empirical Study from 1970 to 2006

30-Nov-2008

The impact of migrant remittances on economic development and growth is becoming increasingly influential, and harbours vital benefits for developing countries. In this article, we seek to identify the macroeconomic determinants of migrant remittances in the context of Morocco. Using the technique of co-integration between remittances and other variables (agricultural GDP and exchange rates), our empirical investigation reveals the co-integrating relationships between these variables. The error correction model (ECM) showed us that there is also a stability relationship. Finally, the shock analysis (both short and long-term) exposes the ongoing effect between remittances and changes in agricultural GDP.

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