Remittance, Oil Trade Balance, and Income: Empirical Evidence From 55 Developing Countries

• Main Authors: Poon, Wai Ching, Le, Thanh
• Format: text
• Published: Animo Repository 2021
• Subjects: Remittances; permanent income shocks; oil prices; oil trade balance; economic growth
• Online Access: https://animorepository.dlsu.edu.ph/apssr/vol21/iss1/12; https://animorepository.dlsu.edu.ph/context/apssr/article/1356/viewcontent/RA_2011.pdf
• Institution: De La Salle University

This article investigates the effect of net oil trading position on remittance flows through income variation of 55 developing countries over 1986–2018. To disentangle the causal effect of aggregate income on remittances, we take advantage of the persistent response of income to world oil price shoc...