IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2022v4p137-145.html

Impact Of The Covid 19 Pandemic On Remittances: Worldwide, Regional, National

Author

Listed:
  • BRINDUSA MIHAELA RADU

    (INSTITUTE FOR ECONOMIC FORECASTING - NIER, ROMANIAN ACADEMY)

  • MARIANA BALAN

    (INSTITUTE FOR ECONOMIC FORECASTING - NIER, ROMANIAN ACADEMY)

Abstract

Remittances associated with the migrant workforce represent a significant part of the total remittance flows that are transmitted by migrant workers, usually to their families or friends. The volume and frequency of remittance flows is determined by several factors, such as: the number of migrant workers; salaries; economic activity in the country of origin / recipients; exchange rate; political risk; facilities for the transmission of funds; marital status; the level of education of migrants; if the migrant is accompanied by a wife / children; the length of time he migrated; family income level; the rate index calculated between the country of origin and the country of destination. Research on the use of remittances shows that most is used for food, clothing and health services, construction or rehabilitation of housing, land acquisition or other durable goods and only to a small extent "productive investments" (with multiplier effect of creating new jobs). The productive use of remittances represents "any activity that has the potential to generate additional income or to guarantee future expenses". These financial flows as well as labor migration have been severely affected by the COVID-19 pandemic. This paper makes an analysis of the evolution of remittances during this period.

Suggested Citation

  • Brindusa Mihaela Radu & Mariana Balan, 2022. "Impact Of The Covid 19 Pandemic On Remittances: Worldwide, Regional, National," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 137-145, August.
    • Handle: RePEc:cbu:jrnlec:y:2022:v:4:p:137-145
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2022-04/15_Radu.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Carlos Vargas-Silva & Shikha Jha & Guntur Sugiyarto, 2009. "Remittances in Asia: Implications for the Fight against Poverty and the Pursuit of Economic Growth," ADB Economics Working Paper Series 182, Asian Development Bank.
    2. Constantin ANGHELACHE & Alexandru MANOLE & Madalina Gabriela ANGHEL & Marius POPOVICI, 2016. "Human resources: their role and development in the national economy," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(4), pages 59-65, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brindusa Mihaela RADU & Mariana BALAN, 2023. "The Impact Of Covid-19 On The Labor Market In Romania €“ Quarterly Analysis 2019-2021," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 67(1), pages 26-34, March.
    2. Constantin Anghelache & Alexandru MANOLE & Madalina-Gabriela ANGHEL & Cristina SACALA, 2016. "The Analyse of the Labor Force Resources Market," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(12), pages 132-139, December.
    3. Dorsaf Sridi & Wafa Ghardallou, 2021. "Remittances and disaggregated country risk ratings in Tunisia: an ARDL approach," Middle East Development Journal, Taylor & Francis Journals, vol. 13(1), pages 191-211, January.
    4. Yaw Nyarko and Kwabena Gyimah-Brempong, 2011. "Social Safety Nets: The Role of Education, Remittances and Migration," EUI-RSCAS Working Papers 26, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    5. Kostas Mavromaras & Alfiah Hasanah & Silvia Mendolia & Oleg Yerokhin, 2017. "Labour Migration, Food Expenditure, and Household Food Security in Eastern Indonesia," The Economic Record, The Economic Society of Australia, vol. 93, pages 122-143, June.
    6. Abida Zouheir & Imen Mohamed Sghaier, 2014. "Remittances, Financial Development and Economic Growth: The Case of North African Countries," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 17(51), pages 137-170, March.
    7. Muhammad Nafis Shahriar Farabi & Mahadee Al Mobin & Asir Newaz Khan, 2025. "Assessing the efficacy of cash incentive policies in enhancing remittance inflows: Evidence from Bangladesh," PLOS ONE, Public Library of Science, vol. 20(2), pages 1-30, February.
    8. Soma Rani Sutradhar, 2020. "The impact of remittances on economic growth in Bangladesh, India, Pakistan and Sri Lanka," International Journal of Economic Policy Studies, Springer, vol. 14(1), pages 275-295, February.
    9. Adnan KHURSHID & Yin KEDONG & Adrian Cantemir CALIN & Cristina Georgiana ZELDEA & Sun QIANG & Duan WENQI, 2020. "Is the Relationship between Remittances and Economic Growth Influenced by the Governance and Development of the Financial Sector? New Evidence from the Developing Countries," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 37-56, March.
    10. Emon Kalyan Chowdhury & Bablu Kumar Dhar & Md.Abu Issa Gazi, 2023. "Impact of Remittance on Economic Progress: Evidence from Low-Income Asian Frontier Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 382-407, March.
    11. Bresciani, F. & Imai, K.S. & Malaeb, B., 2017. "IFAD RESEARCH SERIES 15 - Remittances, growth and poverty reduction in Asia," IFAD Research Series 280053, International Fund for Agricultural Development (IFAD).
    12. Christian Nsiah & Bichaka Fayissa, 2013. "Remittances and economic growth in Africa, Asia, and Latin American-Caribbean countries: a panel unit root and panel cointegration analysis," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 37(3), pages 424-441, July.
    13. Sonia Afrin Ale & Rasheda Akter & MD. Shafiqul Islam, 2018. "Remittance Inflow and GDP Growth: Evidence from Bangladesh, India and Pakistan," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 8(11), pages 1340-1353, November.
    14. Song, Yuegang & Paramati, Sudharshan Reddy & Ummalla, Mallesh & Zakari, Abdulrasheed & Kummitha, Harshavardhan Reddy, 2021. "The effect of remittances and FDI inflows on income distribution in developing economies," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 255-267.
    15. Garcia-Fuentes, Pablo A. & Lynn Kennedy, P. & Ash, William R., 2025. "The multiple impact of remittances on poverty in developing countries: Direct effects and through human capital," Journal of Policy Modeling, Elsevier, vol. 47(2), pages 428-447.
    16. Florin Paul Costel LILEA & Alexandru MANOLE & Maria MIREA & Andreea - Ioana MARINESCU, 2017. "Models Of Development Of Labour Productivity Forecast," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(4), pages 107-114, April.
    17. Tchantchane, A. & Rodrigues, G. & Fortes, P.C., 2013. "An Empirical Study on the importance of Remittance and Educational Expenditure on Growth: Case of the Philippines," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(1), pages 173-186.
    18. Inoue, Takeshi, 2018. "Financial development, remittances, and poverty reduction: Empirical evidence from a macroeconomic viewpoint," Journal of Economics and Business, Elsevier, vol. 96(C), pages 59-68.
    19. Ziesemer, Thomas H.W., 2012. "Worker remittances, migration, accumulation and growth in poor developing countries: Survey and analysis of direct and indirect effects," Economic Modelling, Elsevier, vol. 29(2), pages 103-118.
    20. Takeshi Inoue, 2024. "Digital financial inclusion, international remittances, and poverty reduction," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 13(1), pages 1-20, December.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    Statistics

    Access and download statistics

    Corrections

    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:cbu:jrnlec:y:2022:v:4:p:137-145. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.