Remittances and the Dutch disease: evidence from Georgia

In this article, using the VECM model we attempt to empirically examine the Dutch disease effect of remittances in Georgia. The analyses are based on quarterly data covering the years 2000-2016. It is found that an inflow of remittances leads to an appreciation of the real effective exchange rate in...

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Bibliographic Details
Published inPost-communist economies Vol. 31; no. 4; pp. 500 - 506
Main Author Ito, Katsuya
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 04.07.2019
Taylor & Francis Ltd
Subjects
Appreciation
Dutch disease
Foreign exchange rates
Georgia
Remittances
United States > US
Georgia
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Summary:In this article, using the VECM model we attempt to empirically examine the Dutch disease effect of remittances in Georgia. The analyses are based on quarterly data covering the years 2000-2016. It is found that an inflow of remittances leads to an appreciation of the real effective exchange rate in the long run, whereas it has the reverse effect in the short run.
ISSN:1463-1377
1465-3958
DOI:10.1080/14631377.2018.1537733