Should Moroccan Officials Depend on the Workers’ Remittances to Finance the Current Account Deficit?
Journal: International Journal of Economics and Finance
Year: 2014

The Moroccan economy relies heavily on remittances from abroad to the extent they are far more significant sources of income than others such as foreign direct investments and tourism. To assess the reliability of this external financing source by testing the resilience vis-à-vis the hosting countries, we summarize, in this paper, the impact of the business cycles of major hosting European countries on Moroccan workers’ remittances using impulse response functions of a VAR modeling approach. Our