Determinants of migrant workers remittances: a case study of the Gulf Cooperation Council countries

Determinants of migrant workers remittances: a case study of the Gulf Cooperation Council countries

<p>The purpose of this study is to analyze macroeconomic, non-macroeconomic and</p><p>financial sector development (FSD) factors that influence migrant workers remittances</p><p>in the selected Gulf Cooperation Council (GCC) count...

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Main Author: Alnuaimi, Ahmed Abdulla Rashed
Format: thesis
Language:eng
Published: 2021
Subjects:
HD Industries
Land use
Labor
Online Access:https://ir.upsi.edu.my/detailsg.php?det=8626
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institution Universiti Pendidikan Sultan Idris
collection UPSI Digital Repository
language eng
topic HD Industries
Land use
Labor
spellingShingle HD Industries
Land use
Labor
Alnuaimi, Ahmed Abdulla Rashed
Determinants of migrant workers remittances: a case study of the Gulf Cooperation Council countries
description <p>The purpose of this study is to analyze macroeconomic, non-macroeconomic and</p><p>financial sector development (FSD) factors that influence migrant workers remittances</p><p>in the selected Gulf Cooperation Council (GCC) countries. An augmentedgravity model</p><p>was employed as the theoretical framework and econometric methods were used to</p><p>examine the relationships between macroeconomics (Gross Domestic Product (GDP),</p><p>exchange rates, and inflation rates), non-macroeconomics (borders, cultural and history,</p><p>partner countries, distances, and language) and FSD factors(credit to private sector</p><p>(CPS) and openness to trade (OT)) towards remittances. Data sources fromWorld Bank</p><p>and group of central banks from 1989 to 2012 wereutilized. The empirical findings</p><p>demonstrated that the GDP of the countries was the most significant factor in</p><p>influencing the remittance flows. Moreover, other macroeconomic factors were also</p><p>found to be significant in affecting the remittances including exchange and inflation</p><p>rate. The result further suggested that, the GCC countries share similar results for the</p><p>following non-macroeconomic factors language,cultural and history do provide the</p><p>opportunity to remit extensively. The results also suggested that the development</p><p>factors in financial sector including CPS and OT were significant and positively</p><p>associated to remittances. In conclusion, the GDP (9.421, p<0.001) which is known as</p><p>macroeconomic factor was found to be the significant in determining migrant workers</p><p>remittances in the selected GCC countries, followed by distance (7.101, p<0.001) for</p><p>non-macroeconomic and CPS (1.449, p<0.001) under FSD factor. The implication of</p><p>the study suggested that GCC governments need to understand the consequences of the</p><p>outflow remittances and were recommended to identify significant factors that shape</p><p>the size of remittance flows. Both regions were proposed to formulate policy systems</p><p>of informal channels, including addressing the weaknesses of the formal systems.</p>
format thesis
qualification_name
qualification_level Doctorate
author Alnuaimi, Ahmed Abdulla Rashed
author_facet Alnuaimi, Ahmed Abdulla Rashed
author_sort Alnuaimi, Ahmed Abdulla Rashed
title Determinants of migrant workers remittances: a case study of the Gulf Cooperation Council countries
title_short Determinants of migrant workers remittances: a case study of the Gulf Cooperation Council countries
title_full Determinants of migrant workers remittances: a case study of the Gulf Cooperation Council countries
title_fullStr Determinants of migrant workers remittances: a case study of the Gulf Cooperation Council countries
title_full_unstemmed Determinants of migrant workers remittances: a case study of the Gulf Cooperation Council countries
title_sort determinants of migrant workers remittances: a case study of the gulf cooperation council countries
granting_institution Universiti Pendidikan Sultan Idris
granting_department Fakulti Pengurusan dan Ekonomi
publishDate 2021
url https://ir.upsi.edu.my/detailsg.php?det=8626
_version_ 1776104548265361408
spelling oai:ir.upsi.edu.my:86262023-01-19 Determinants of migrant workers remittances: a case study of the Gulf Cooperation Council countries 2021 Alnuaimi, Ahmed Abdulla Rashed HD Industries. Land use. Labor <p>The purpose of this study is to analyze macroeconomic, non-macroeconomic and</p><p>financial sector development (FSD) factors that influence migrant workers remittances</p><p>in the selected Gulf Cooperation Council (GCC) countries. An augmentedgravity model</p><p>was employed as the theoretical framework and econometric methods were used to</p><p>examine the relationships between macroeconomics (Gross Domestic Product (GDP),</p><p>exchange rates, and inflation rates), non-macroeconomics (borders, cultural and history,</p><p>partner countries, distances, and language) and FSD factors(credit to private sector</p><p>(CPS) and openness to trade (OT)) towards remittances. Data sources fromWorld Bank</p><p>and group of central banks from 1989 to 2012 wereutilized. The empirical findings</p><p>demonstrated that the GDP of the countries was the most significant factor in</p><p>influencing the remittance flows. Moreover, other macroeconomic factors were also</p><p>found to be significant in affecting the remittances including exchange and inflation</p><p>rate. The result further suggested that, the GCC countries share similar results for the</p><p>following non-macroeconomic factors language,cultural and history do provide the</p><p>opportunity to remit extensively. The results also suggested that the development</p><p>factors in financial sector including CPS and OT were significant and positively</p><p>associated to remittances. In conclusion, the GDP (9.421, p<0.001) which is known as</p><p>macroeconomic factor was found to be the significant in determining migrant workers</p><p>remittances in the selected GCC countries, followed by distance (7.101, p<0.001) for</p><p>non-macroeconomic and CPS (1.449, p<0.001) under FSD factor. The implication of</p><p>the study suggested that GCC governments need to understand the consequences of the</p><p>outflow remittances and were recommended to identify significant factors that shape</p><p>the size of remittance flows. Both regions were proposed to formulate policy systems</p><p>of informal channels, including addressing the weaknesses of the formal systems.</p> 2021 thesis https://ir.upsi.edu.my/detailsg.php?det=8626 https://ir.upsi.edu.my/detailsg.php?det=8626 text eng closedAccess Doctoral Universiti Pendidikan Sultan Idris Fakulti Pengurusan dan Ekonomi <p>Abdelbaki, H. H. (2019). Macroeconomic determinants of non-performing loans in</p><p>GCC economies: does the global financial crisis matter? International Journal</p><p>of Economics and Business Research, 17(4), 433-447.</p><p></p><p>Abdel-Rahman, A.-M. M. (2006). The determinants of foreign worker remittances in</p><p>the Kingdom of Saudi Arabia. Journal of King Saud University.</p><p></p><p>Abella, M. I. 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