Impact of Remittances on Economic Growth: Empirical Evidence from South-East European Countries

Bucevska, Vesna

doi:10.2478/jeb-2022-0006

Cited by 16 publications

(6 citation statements)

References 49 publications

(31 reference statements)

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“…For example, Goschin (2014) identified that in CEE countries remittances have a positive effect on both GDP and GDP growth rate. A similar positive result on economic growth was found in the recent paper of Bucevska (2022), which conducted a panel data analysis on 6 SEE countries for 2008q1-2020q2. In addition, the positive effect has also been identified in larger samples or time spans (see, e.g., Batu, 2017;Simionescu and Dumitrescu, 2017).…”

supporting

confidence: 82%

Winning at Home and Abroad: A Generalized Double Diamond Framework for Selected CEE Countries

Ban,

Cheregi

2024

Politicka ekonomie

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In the lens of European integration, national competitiveness no longer depends just on national inheritance, but also on the new member states' capacity of exploiting existing advantages of EU membership. In this paper, we closely follow the effects of European Union (EU) admission on national competitiveness for eleven Central and Eastern European (CEE) countries that joined the EU after 2004. The analysis includes new specific variables that we consider potential boosters of competitiveness in this particular sample of countries, besides the proxies generally used in the literature. The results indicate that, for most of the CEE countries, EU accession bought both domestic and international advantages, with a more visible positive change in the international position. Although we were able to classify the analysed economies into three distinct groups, there are still notable differences across the CEE countries that require differentiated strategies for enhancing competitiveness.

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supporting

confidence: 82%

Winning at Home and Abroad: A Generalized Double Diamond Framework for Selected CEE Countries

Ban,

Cheregi

2024

Politicka ekonomie

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“…The authors used the panel analysis to show that workers' remittances have a significant impact on economic growth in the observed countries. Besides the mentioned research efforts, the positive impact of remittances on economic growth has been confirmed in Cartinescu et al (2009), Bucevska (2022), Faini (2007), Ziesemer (2006), Chaimi et al (2005. Rao and Hassan (2009) point to a somewhat smaller impact of remittances on economic growth.…”

Section: Literature Reviewmentioning

confidence: 80%

The Role of Remittances in Financing the Current Account Deficit: The Case of Serbia

Čakajac,

Janković,

Luković

2023

Naše Gospodarstvo/Our Economy

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Migrations of the resident population in Serbia, with the Western European countries as the main destination, have influenced remittances becoming an important source of income from abroad. Relevant economic literature, as well as the influential views expressed in the international financial institutions’ reports, indicate that remittances are a more stable type of inflow of funds from abroad to developing countries compared to other types of capital movements. In addition to the positive economic effects of remittances, they also play a significant role in the balance of payments deficit reduction. The subject of this research refers to the examination of the role of remittances in financing the current account deficit in Serbia. The research goal is to explore whether the importance of remittances as a factor in the balance of payments deficit reduction in Serbia increased in the period 2007-2021. The results of the research show that remittances have become an important factor in current account deficit reduction in Serbia during the observed period.

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“…The link between remittances and economic growth continues to be the subject of a debate that lacks a definitive consensus. On the one hand, several studies indicate that remittances contribute to economic growth through their positive impacts on consumption, investment, and savings (see, for example, Meyer and Shera 2017;Golder et al 2023;Villanthenkodath and Ansari 2023;Klaiqi et al 2023;Khan 2023b;Bucevska 2022;Pal et al 2022;Dutta and Saikia 2022). On the other hand, there is research suggesting that remittances can have a positive effect in the short term but that a permanent transfer of these resources does not necessarily translate into sustainable output growth (Batu 2017;Qutb 2022).…”

Section: Linking Remittances Economic Growth and Energy Povertymentioning

confidence: 99%

How Do Remittances Influence the Mitigation of Energy Poverty in Latin America? An Empirical Analysis Using a Panel Data Approach

González Bautista,

Zurita Moreano,

Vallejo Mata

et al. 2024

Economies

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Energy poverty represents a critical challenge in Latin America today, given the social disparities the region faces. In this context, this study focuses on exploring the effects of remittances on the energy poverty of 13 Latin American countries during the period 2000–2020. Panel estimations with fixed and random effects, along with the generalized method of moments, are employed to address potential endogeneity issues. The results suggest that remittances play a significant role in mitigating energy poverty in the Latin American region, particularly in rural areas. Furthermore, it is observed that economic growth and financial development act as mediators, allowing remittances to indirectly contribute to mitigating energy poverty. Although inequality was examined as a potential mediator, the findings suggest that it does not play a significant role in this context. It is concluded that remittances are an appropriate mechanism to improve the quality of life of the population, and their impact is strengthened in a more robust economic environment.

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Impact of Remittances on Economic Growth: Empirical Evidence from South-East European Countries

Cited by 16 publications

References 49 publications

Winning at Home and Abroad: A Generalized Double Diamond Framework for Selected CEE Countries

Winning at Home and Abroad: A Generalized Double Diamond Framework for Selected CEE Countries

The Role of Remittances in Financing the Current Account Deficit: The Case of Serbia

How Do Remittances Influence the Mitigation of Energy Poverty in Latin America? An Empirical Analysis Using a Panel Data Approach

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