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Rashid Sbia and Helmi Hamdi
''Remittances and inflation in OPEC countries:Evidence from bias-corrected least-squares dummy variable (CLSDV) estimator''
( 2020, Vol. 40 No.3 )
The aim of this paper is to investigate the impact of remittances outflows on inflation for a panel of 14 OPEC countries during the period 1980-2018. Using bias-corrected least-squares dummy variable (CLSDV) estimator, empirical results reveal that remittance outflows have no effect on inflation rate. However, trade openness and current account deficits have a positive impact on inflation. Further, oil price appears to not have any effect on inflation in OPEC countries.
Keywords: Remittances, O.P.E.C, Inflation, CLSDV
JEL: F1 - Trade: General
F3 - International Finance: General
Manuscript Received : Jun 09 2020 Manuscript Accepted : Sep 24 2020

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