The Impact of the Recent Economic Crisis on the Flow and Nature of Migration and Development: Evidence from Egypt
The Impact of the Recent Economic Crisis on the Flow and Nature of Migration and Development: Evidence from Egypt

Summary/Abstract: This paper focuses on the impact of the recent economic crisis on the flow and nature of migration and development in Egypt. Migration has various effects on development in both home and host countries. It is concluded that, the more the diversity in migration destinations, the more resilient are remittances. Moreover, the lower the barriers to labor mobility, the stronger is the link between remittances and economic cycles. Regarding the case study of Egyptians in Italy, Greece, and United Arab Emirates (UAE), the regression analysis shows that, the monthly income variable has a positive significant effect on the remittances in all specified countries (Italy, Greece and UAE). The variable of duration of stay in destination is significant in the case of Italy and Italy and Greece. On another hand, it is insignificant in the case of UAE. Furthermore, the results prove that there is no effect of the financial economic crisis on the remittances except for the case of UAE, in which there is a negative significant effect of the financial economic crisis on the remittances.

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