Original scientific paper

https://doi.org/10.1080/1331677X.2019.1629328

The impact of remittances on the receiving country: some evidence from Romania in European context

Laura Mariana Cismaș orcid.org/0000-0003-4743-4618 ; Department of Economics and Modelling, Faculty of Economics and Business Administration, West University of Timisoara, Timisoara, Romania
Ruxandra Ioana Curea-Pitorac orcid.org/0000-0003-2018-5631 ; Department of Economics and Modelling, Faculty of Economics and Business Administration, West University of Timisoara, Timisoara, Romania
Ioana Vădăsan ; Department of Economics and Modelling, Faculty of Economics and Business Administration, West University of Timisoara, Timisoara, Romania

Abstract

The objective of this paper is to study the impact of remittances upon the origin country of emigrants. In order to achieve our purpose, we have performed a quantitative analysis by using econometric models to highlight the correlation and the causality between the studied variables. The empirical research focused on two directions: first, we studied if the remittances cycle is more stable over the business cycle than private capital flows and secondly, we analysed the influence of the inflow of remittances on the economic activity in CEE countries, with emphasis on Romania. Our results are in accordance with the recent studies in the field and conclude that the inflow of remittances is more stable over the business cycle but does not stimulate economic growth in Romania.

Keywords

remittances; migration; business cycle; CEE countries; Granger causality

Hrčak ID:

229802

URI

https://hrcak.srce.hr/229802

Publication date:

9.2.2021.

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