Remittances and Economic Growth in the Maghreb Countries: The Role of Financial Development

Journal of Economics, Finance and Management (JEFM) 2025-02-17

This study examines the conditional effects of remittances on economic growth in the Maghreb countries, namely, Tunisia, Morocco, and Algeria from 2000 to 2022. Using the system generalized method of moments (GMM) in a panel data analysis, we found strong evidence of a positive relationship between remittances and economic growth. We also found that financial development acted as a complement in the remittances-growth relationship. A clearer understanding of the channels through which remittance flows will enhance economic growth in the Maghreb countries may assist policymakers to formulate appropriate policies. In particular, a policy environment that promotes financial system development would serve to attract more remittances.

Remittances, Financial development, Economic growth, Panel data analysis.; info:eu-repo/semantics/article; info:eu-repo/semantics/publishedVersion; Peer-reviewed Article

Open access content. Open access content

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English

FREFM oai:ojs2.journal-efm.fr:article/186
10.5281/zenodo.14881518
1503876152

JOURNAL OF ECONS FINANCE & MGT JEFM
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