The prevalent informality and sheer size of international remittances characterize the North African countries. This study primarily aims at investigating how remittances moderate the effects of financial development on the informal economy in North African countries. Employing pool mean group (PMG)/panel ARDL approach and a balanced panel data set over the period 1980–2015, we find that remittances moderate the negative relationship between financial development and informal economy. This finding suggests that remittances bolster financial development, which, in turn, decreases the informal economy. Based on this result, we recommend that tailored policies and interventions are needed to promote financial development and international remittances in the North African region.

中文翻译：

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汇款是否缓和了北非的金融发展-非正式关系？

北非国家普遍存在非正式的汇款和国际汇款的庞大规模。这项研究的主要目的是调查汇款如何缓解北非国家金融发展对非正规经济的影响。在1980-2015年期间，采用集合均值（PMG）/面板ARDL方法和均衡的面板数据集，我们发现汇款缓解了金融发展与非正规经济之间的负面关系。这一发现表明，汇款促进了金融发展，反过来又降低了非正规经济。基于此结果，我们建议需要制定有针对性的政策和干预措施，以促进北非地区的金融发展和国际汇款。