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Evolutions Of Remittance Flow During The Economic-Financial Crisis

Author

Listed:
  • Mariana BALAN

    (Athenaeum University of Bucharest)

  • Liliana SIMIONESCU

    (Athenaeum University of Bucharest)

  • Vlad IORDACHE

    (Academy of Economic Studies Bucharest)

Abstract

The global financial markets crisis that hit the world economy at the middle of 2008 affected the global economy as a whole, but had also a major impact over the workforce markets in the European countries and by default over the remittance volume achieved by emigrants. The migration phenomenon has seen a decrease process, however differently, according to various geographic areas. The present work intends to achieve a brief analysis of the migration phenomenon under the financial crisis impact in certain European Union countries during 2007-2010. The recession at European level also determined for 2009 a decrease of remittance flows. The work presents a brief evolution of the remittance flow in certain countries from Central and Eastern Europe.

Suggested Citation

  • Mariana BALAN & Liliana SIMIONESCU & Vlad IORDACHE, 2011. "Evolutions Of Remittance Flow During The Economic-Financial Crisis," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 1(6(21)), pages 69-80, March.
    • Handle: RePEc:ath:journl:tome:21:y:2011(vi):i:6(21):p:69-80
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    More about this item

    Keywords

    emigrants; immigrants; remittances; crisis;
    All these keywords.

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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