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

Author

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  • MARIANA BALAN

    (Institute for Economic Forecasting-NIER, Romanian Academy)

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.

Suggested Citation

  • Mariana Balan, 2012. "Dynamic Effects Of Migrant Remittances On Growth: An Econometric Model With An Application To Southeast European Countries," New Trends in Modelling and Economic Forecast (MEF 2011), ROMANIAN ACADEMY – INSTITUTE FOR ECONOMIC FORECASTING;"Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences, vol. 1(1), pages 69-78, January.
    • Handle: RePEc:ntu:ntumef:vol1-iss1-12-069
    as

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    References listed on IDEAS

    as
    1. Iranzo, Susana & Peri, Giovanni, 2009. "Migration and trade: Theory with an application to the Eastern-Western European integration," Journal of International Economics, Elsevier, vol. 79(1), pages 1-19, September.
    2. Krishnan Sharma, 2009. "The Impact of Remittances on Economic Insecurity," Working Papers 78, United Nations, Department of Economics and Social Affairs.
    3. Bichaka Fayissa & Christian Nsiah, 2010. "The Impact of Remittances on Economic Growth and Development in Africa," The American Economist, Sage Publications, vol. 55(2), pages 92-103, November.
    4. Adams, Richard H., Jr., 1991. "The effects of international remittances on poverty, inequality, and development in rural Egypt:," Research reports 86, International Food Policy Research Institute (IFPRI).
    5. Iranzo, Susana & Peri, Giovanni, 2009. "Migration and trade: Theory with an application to the Eastern-Western European integration," Journal of International Economics, Elsevier, vol. 79(1), pages 1-19, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Remittances; Migration; Economic Growth; Econometric Model; Southeast European Countries;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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