Evaluation of the impact of remittances of Egyptian workers abroad on the Egyptian economy for the period (1990 - 2014)

Abstract

workers' remittances is gaining increasing importance to Egypt as one of the most important labor-exporting countries in the world. That comes as part of the leading countries in the world in terms of the size of the recipient transfers, and they are in the top ten countries in the world in terms of the volume of remittances. Where workers' remittances inflows occupied second place among all sources of foreign exchange after commodity flows and advanced on tourism revenues and Suez Canal and foreign direct investment and official aid during the period of search . The highest percentage of workers ' remittances in Egypt used to cover daily living costs reflecting a negative indicator for the development process in Egypt and this may be due to poor and underdeveloped investment environment in Egypt

The workers' remittances are different from the rest of its stability relative financial flows and the trends adverse to the business cycle in the economies of countries receiving them. This means that workers' remittances may rise when a decline in the level of economic activity as a result of a financial shocks, natural disasters or political conflicts in the receiving of remittances countries, and this is what has been observed in the high volume of Remittances in the years 2012 - 2014 in Egypt, which has seen political situations and economic bad.