Remittances and inflation in OPEC countries: Evidence from bias-corrected least-squares dummy variable (CLSDV) estimator


  • Sbia Rashid
  • H. Hamdi


  • Remittances
  • OPEC
  • Inflation

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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.

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