IDEAS home Printed from
   My bibliography  Save this article

Emigration and Foreign Direct Investments: Links and Impact on the Bulgarian Economy



Object of the study are international migration and FDI, as the main phenomena of the globalization of economic relations. Another aspect is tracking the link, established in recent years, about the relationship between international migration and FDI, as a consequence of the evolution of the concept of the international movement of factors of production. In connection with these conceptual aspects, attempts were done to establish whether there are some connections between the growth of Bulgarian emigration and the formation of the Bulgarian diaspora abroad and the FDI inflows in the country. In particular, in the first section some details were given about the increase of Bulgarian emigration. In the second section some concrete conclusions have been drawn about the impact of FDI on macroeconomic development in Bulgaria. In the third section some possible links between migration and FDI were developed, arguing that some effects of "complementarities" can be established. The fourth section is devoted to the main potential benefit for the Bulgarian economy by the increase in remittances from Bulgarian emigrants to relatives remaining at home. Conclusions were made as well as on the relationship between migration and Bulgarian FDI and the effects on macroeconomic development and the prospects of evolution and the benefits of FDI and remittances like an external financial inflows.

Suggested Citation

  • Iskra Christova-Balkanska, 2011. "Emigration and Foreign Direct Investments: Links and Impact on the Bulgarian Economy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 80-103.
  • Handle: RePEc:bas:econst:y:2011:i:2:p:80-103

    Download full text from publisher

    File URL:
    Download Restriction: Fee access

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    1. Yordan Kalchev, & Valentin Goev & Vesselin Mintchev & Venelin Boshnakov, 2004. "External Migration from Bulgaria at the Beginning of the XXI Century: Estimates of Potential Emigrants’ Attitudes and Profile," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 137-161.
    2. Baldwin, Richard & Venables, Anthony J, 1994. "International Migration, Capital Mobility and Transitional Dynamics," Economica, London School of Economics and Political Science, vol. 61(243), pages 285-300, August.
    3. Kugler, Maurice & Rapoport, Hillel, 2007. "International labor and capital flows: Complements or substitutes?," Economics Letters, Elsevier, vol. 94(2), pages 155-162, February.
    4. Vesselin Mintchev, 2009. "International Migration and Remittances in the Balkans: The Case of Bulgaria," Chapters,in: The Integration of European Labour Markets, chapter 9 Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2011:i:2:p:80-103. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diana Dimitrova). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.