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

Selçuk Akçay

Review of Middle East Economics and Finance2025https://doi.org/10.1515/rmeef-2025-0002article
ABDC C
Weight
0.50

What the paper says

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.

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https://doi.org/https://doi.org/10.1515/rmeef-2025-0002

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@article{selçuk2025,
  title        = {{Time-Varying Causality Impact of Global Economic Conditions Index on Remittances in Lebanon}},
  author       = {Selçuk Akçay},
  journal      = {Review of Middle East Economics and Finance},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1515/rmeef-2025-0002},
}

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

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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