Adams, Richardvan den Bosch, Marie AlienorKeller, JenniferMottaghi, Lili2013-03-272013-03-272009-09-30https://hdl.handle.net/10986/12985Remittances constitute financial flows that affect the receiving country's economy and its development through diverse channels, including income, consumption, investment, government policies, potential parental absence, and removal of potential entrepreneurial individuals from the community. In view of the economic significance of remittance flows to North African economies, this paper utilizes an econometric model aimed at empirically evaluating the growth impact of remittances on four receiving economies during the period from 1980 to 2007. The model focuses on assessing the role of financial development in determining the growth impact of remittance flows to the region. The paper is organized in four main sections. Section two looks at the scope of migration movements in the four North African countries and the importance of remittance flows to the region. It shows the historical, current and future importance of remittance flows to North African economies. The third section elaborates upon what is known about the economic impacts of remittances at large. It details the major potential macroeconomic impacts of remittances through a literature review on growth and remittances. It also looks at the various channels through which remittances can impact growth. Section four presents an econometric model evaluating the growth impact of remittances with and without the financial sector variable and the results. The fifth section summarizes the main results and concludes.en-USCC BY 3.0 IGOAGRICULTURAL PRODUCTIONAMOUNT OF REMITTANCESASYLUMBALANCE OF PAYMENTBALANCE OF PAYMENT STATISTICSBALANCE OF PAYMENTSBALANCE OF PAYMENTS STATISTICSBANK DATABANKSBENEFITS OF REMITTANCESBLACK MARKETBLACK MARKET PREMIUMBOTH SEXESBRAIN DRAINBUSINESS FORMATIONBUSINESS OWNERSHIPCAPITA REMITTANCESCAPITAL ACCUMULATIONCAPITAL FLOWSCAPITAL FORMATIONCAPITAL INVESTMENTCHILD HEALTHCHILD LABORCITIZENSHIPCOMPENSATION OF EMPLOYEESCONTRIBUTION OF REMITTANCESCOUNTRY OF ORIGINCREDIT CONSTRAINTSCREDITWORTHINESSCURRENT ACCOUNTDATA ON REMITTANCESDEBTDEMOGRAPHIC TRENDSDEPOSITSDESTINATION COUNTRYDETERMINANTS OF REMITTANCESDEVELOPING COUNTRIESDIASPORAEARNINGSECONOMIC CRISISECONOMIC DEVELOPMENTECONOMIC DEVELOPMENTSECONOMIC DOWNTURNSECONOMIC GROWTHEDUCATION LEVELEDUCATION OF CHILDRENEDUCATIONAL ATTAINMENTEFFECT OF REMITTANCESEFFECTS OF REMITTANCESELEMENTARY SCHOOLEMIGRATIONEMIGRATION COUNTRIESEMPLOYMENT CREATIONEMPLOYMENT OPPORTUNITIESENROLLMENTEXCHANGE RATEEXCHANGE RATESEXPENDITUREEXPENDITURESEXTENDED FAMILYEXTERNAL FINANCINGFAMILIESFAMILY FORMATIONFAMILY REUNIFICATIONFEMALE EDUCATIONFEMALE LABOR FORCEFINANCESFINANCIAL DEVELOPMENTFINANCIAL FLOWSFINANCIAL INTERMEDIATIONFINANCIAL MARKETSFOREIGN CURRENCYFOREIGN EXCHANGEFOREIGN WORKERSGLOBAL DEVELOPMENTGLOBAL DEVELOPMENT FINANCEGOVERNMENT POLICIESGROSS NATIONAL PRODUCTGROUPS OF PEOPLEHEALTH CAREHOME COUNTRIESHOME COUNTRYHOST COUNTRIESHOUSEHOLD INCOMEHOUSEHOLD INVESTMENTHOUSEHOLD LEVELHOUSEHOLD SURVEYSHOUSEHOLD WELFAREHUMAN CAPITALHUSBANDSILLITERACYIMMIGRANTIMMIGRATIONIMPACT OF MIGRATIONIMPACT OF REMITTANCESIMPORTANCE OF REMITTANCE FLOWSIMPORTANCE OF REMITTANCESINCOMESINCREASE IN REMITTANCESINEQUALITYINFANTINFANT MORTALITYINFANT MORTALITY RATESINFORMAL CHANNELSINSTITUTIONAL REFORMSINTERNATIONAL MIGRANTINTERNATIONAL MIGRANTSINTERNATIONAL MIGRATIONINTERNATIONAL REMITTANCEINTERNATIONAL REMITTANCESINTERNATIONAL TRADEINVESTMENT IN EDUCATIONINVESTMENTS IN EDUCATIONIRREGULAR MIGRATIONJOB-SEEKERSLABOR FORCELABOR MARKETLABOR MARKETSLABOR MIGRANTSLABOR MOBILITYLABOR SUPPLYLARGE POPULATIONLEGAL MIGRATIONLEVELS OF EDUCATIONLIQUIDITYLIQUIDITY CONSTRAINTSLIVING STANDARDSLOW-INCOME COUNTRIESMACROECONOMIC DETERMINANTSMACROECONOMIC LEVELMEDICAL CAREMENTAL HEALTHMIGRANT REMITTANCESMIGRANT SAVINGSMIGRANT WORKERSMIGRANTSMIGRATION FLOWSMIGRATION POLICIESMIGRATION POLICYMIGRATION PROCESSMIGRATION STATISTICSMIGRATORY MOVEMENTSNATIONALSNEW BUSINESSESNUMBER OF CHILDRENOPPORTUNITIES FOR ENTREPRENEURSHIPPHYSICAL CAPITALPOLICY MAKERSPOPULATION CENSUSPOPULATION CENSUSESPOPULATION GROWTHPOPULATION MOVEMENTSPOTENTIAL MIGRANTSRATES OF RETURNRECEIPTRECIPIENTS OF REMITTANCESRECREATIONREFUGEEREMITTANCEREMITTANCE DATAREMITTANCE FLOWSREMITTANCE IMPACTREMITTANCE INFLOWSREMITTANCE MONIESREMITTANCE RECEIVINGREMITTANCE RECEIVING HOUSEHOLDSREMITTANCE RECIPIENTSREMITTANCE-RECEIVING HOUSEHOLDSREMITTANCESREMITTANCES FOR INVESTMENTREMITTANCES REMITTANCESREMITTANCES TRANSFERSRESPECTRETURN MIGRANTSRETURNEESRURAL AREASSAVINGS FROM MIGRATIONSAVINGS RATESSCARCE RESOURCESSCHOOL ATTENDANCESCHOOL-AGE CHILDSEASONAL MIGRANTSSKILLED MIGRANTSSKILLED WORKERSSOCIAL DEVELOPMENTSOURCE OF INCOMESPOUSETEENAGERSTEMPORARY MIGRANTSTOTAL AMOUNT OF REMITTANCESUNEMPLOYMENTUNEMPLOYMENT RATESUNSKILLED LABORURBAN AREASURBAN CENTERSURBAN WOMENUSE OF REMITTANCESVILLAGESVULNERABILITYWARWAR RECONSTRUCTIONWORK HOURSWORKER REMITTANCESYOUNG CHILDRENYOUNG MENYOUNG WOMENWorld Bank10.1596/12985