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Dynamic Effects Of Migrant Remittances On Growth: An Econometric Model With An Application To Southeast European Countries

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  • MARIANA BALAN

    ()
    (Institute for Economic Forecasting-NIER, Romanian Academy)

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    Abstract

    This paper presents a dynamic econometric model to study the impact of remittances on consumption, investment, output and imports. Multiplier effects of exogenous shocks of remittances are estimated in the short and long term, with data from six Southeast European countries. The analysis reveals a uniform country performance of instability and uncertainty, with great temporal and inter-country fluctuations of remittance effects. Are highlighted the different inter-country priorities of remittances spending and an asymmetric impact on economic growth of remittances changes.

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    File URL: http://mef.univnt.ro/wp-content/uploads/MEF/2011/mef-01.06.pdf
    File Function: First version, 2012
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    Bibliographic Info

    Article provided by ROMANIAN ACADEMY – INSTITUTE FOR ECONOMIC FORECASTING & "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences in its journal New Trends in Modelling and Economic Forecast (MEF 2011).

    Volume (Year): 1 (2012)
    Issue (Month): 1 (January)
    Pages: 69-78

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    Handle: RePEc:ntu:ntumef:vol1-iss1-12-069

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    Related research

    Keywords: Remittances; Migration; Economic Growth; Econometric Model; Southeast European Countries;

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    1. Susana Iranzo & Giovanni Peri, 2009. "Migration and Trade: Theory with an Application to the Eastern-Western European Integration," Working Papers 97, University of California, Davis, Department of Economics.
    2. Bichaka Fayissa & Christian Nsiah, 2008. "The Impact of Remittances on Economic Growth and Development in Africa," Working Papers 200802, Middle Tennessee State University, Department of Economics and Finance.
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