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The Sustainable Importance Of Remittances And Their Role In Economic Development. The Case Of Romania

Author

Listed:
  • Liana SON

    () (University of the West of Timiºoara, ROMANIA)

  • Iudith MOISE

    (University of the West of Timiºoara, ROMANIA)

  • Iulia PARA

    (University of the West of Timiºoara, ROMANIA)

Abstract

The increasing amplitude of migrants and remittences in the last years, especially toward the developing countries has positive effects on development in the countries of origin. Empiric research outline the potentially significant effect of remittances on the economy of a country in various ways, as a source of external financing, contributing to the growth and economic development, to the increase of the national income and stimulation of consumption, and at the same time, important in financing households, contributing to poverty decrease. These challenges are a priority for Romania, an emigration country that receives every year un important volume of remittances, but, at present with a preponderant role in the consumption.

Suggested Citation

  • Liana SON & Iudith MOISE & Iulia PARA, 2009. "The Sustainable Importance Of Remittances And Their Role In Economic Development. The Case Of Romania," Romanian Journal of Economics, Institute of National Economy, vol. 28(1(37)), pages 113-133, June.
  • Handle: RePEc:ine:journl:v:1:y:2009:i:37:p:113-133
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    References listed on IDEAS

    as
    1. Bithas, Kostas, 2008. "The sustainable residential water use: Sustainability, efficiency and social equity. The European experience," Ecological Economics, Elsevier, vol. 68(1-2), pages 221-229, December.
    2. Schleich, Joachim & Hillenbrand, Thomas, 2009. "Determinants of residential water demand in Germany," Ecological Economics, Elsevier, vol. 68(6), pages 1756-1769, April.
    3. AfDB AfDB, . "African Statistical Yearbook 2011," African Statistical Yearbook, African Development Bank, number 300.
    4. Simona FRONE, 2008. "Factors And Challenges Of Regionalization In The Water And Wastewater Sector," Romanian Journal of Economics, Institute of National Economy, vol. 27(2(36)), pages 185-200, December.
    5. Dalhuisen, Jasper & Groot, Henri de & Nijkamp, Peter, 1999. "The economics of water : a survey of issues," Serie Research Memoranda 0036, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
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    More about this item

    Keywords

    international migration; remittances; economic development;

    JEL classification:

    • J0 - Labor and Demographic Economics - - General
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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