Startseite Time-Varying Causality Impact of Global Economic Conditions Index on Remittances in Lebanon
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Time-Varying Causality Impact of Global Economic Conditions Index on Remittances in Lebanon

  • Selçuk Akçay ORCID logo EMAIL logo
Veröffentlicht/Copyright: 10. April 2025
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Abstract

Using the recently developed Global Economic Conditions Index, a time-varying Granger causality approach, as well as relying on the monthly dataset from January 2002 to June 2021, we investigate both symmetric and asymmetric causality between the Global Economic Condition Index and remittances in Lebanon, a small open economy significantly reliant on remittances. Rather than being asymmetric, we find a statistically significant, symmetric, time-varying causality between the Global Economic Conditions Index and remittances. Several robustness tests validate our findings. Given this finding, we propose relevant policy recommendations.

JEL Classification: C32; F01; F24

Corresponding author: Prof. Selçuk Akçay, Faculty of Economics and Administrative Sciences, Department of Economics, Afyon Kocatepe University, Ahmet Necdet Sezer Kampüsü, 3. Eğitim Binası, 03200, Afyonkarahisar, Türkiye, E-mail:

  1. Conflict of interest: No conflict of interest to report.

  2. Research funding: No funding was received for this study.

  3. Data availability: Data will be made available on request.

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Received: 2025-01-21
Accepted: 2025-03-20
Published Online: 2025-04-10

© 2025 Walter de Gruyter GmbH, Berlin/Boston

Heruntergeladen am 17.11.2025 von https://www.degruyterbrill.com/document/doi/10.1515/rmeef-2025-0002/pdf
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