Appraisal of Positive and Negative Implications of Foreign Labor on Host Economy - Evidence from Saudi Arabia | Chapter 1 | Insights into Economics and Management Vol. 10

 This paper investigates the effects of foreign workers' outward remittances on the economic activity of a country that hosts foreign labor by developing a new econometric technique to measure the effect of workers' outward remittances on the gross domestic product of Saudi Arabia, the world's largest oil producer. Outward remittances have a negative and significant effect on all types of aggregate demand, according to the findings. As a result, the total effect of outward remittances on GDP is negative. The findings of the study show that the net effect of non-Saudi workers on GDP is positive for Saudi GDP.

Author (s) Details

Fayq Al Akayleh
FALCOM Holding, Saudi Arabia

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