Izvorni znanstveni članak
https://doi.org/10.18045/zbefri.2022.2.281
The impact of remittances on economic development in the Central and Eastern European Countries
Ines Kersan-Škabić
orcid.org/0000-0001-7905-368X
; Juraj Dobrila University of Pula, Faculty of Economics and Tourism “Dr. Mijo Mirković”
Lela Tijanić
orcid.org/0000-0002-2210-1385
Sažetak
Emigration flows and their relations with economic development can be observed
through different aspects, where one of the important questions is the role of the
remittances, and transfer of foreign money to home countries. The objective of this
study is to investigate the impact of remittances on economic development in
Central and Eastern European countries. A review of previous research on the role
of emigration and the impact of remittances on economic development is presented
in the first part of the paper. This is followed by panel data analysis. The analysis
covers the period after the enlargement of the European Union (EU) in 2004 till
the nowadays. The results confirm the positive and statistically significant influence
of personal remittances on the economic development of the new EU member
states, as well as the positive and statistically significant influence of final
consumption, gross fixed capital formation, external trade balance, and foreign
direct investments. The positive influence of remittances on economic development
should be observed with caution, regarding that remittances are the results of
emigration and also are connected with the unfavourable effects of emigration.
This study adds to previous research about the significance of remittances in the
economies of the new EU member states.
Ključne riječi
migrations; remittances; economic development; Central and Eastern European Countries
Hrčak ID:
289637
URI
Datum izdavanja:
30.12.2022.
Posjeta: 1.397 *