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The relevance of remittance inflows to CESEE countries: evidence from macro- and micro-level data

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  • Anna Katharina Raggl

    (Oesterreichische Nationalbank, Foreign Research Division)

Abstract

In this study, a combined analysis of micro- and macro-level data on remittances is used to shed light on the relevance of such transfers in Central, Eastern and Southeastern European (CESEE) countries. In the early and mid-1990s, and more recently in the context of EU accession, CESEE countries experienced considerable out-migration, and remittances have become an important source of foreign exchange in these countries. Against this background, this study examines the relevance and nature of remittance inflows to CESEE. To this end, both the dispersion of remittances across individuals in a country (based on microdata from the OeNB Euro Survey) and the average amount received per recipient (estimated by combining micro- with macrodata) are assessed. By relating these two dimensions of remittances descriptively, we examine differences across countries and changes over time.

Suggested Citation

  • Anna Katharina Raggl, 2017. "The relevance of remittance inflows to CESEE countries: evidence from macro- and micro-level data," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 80-102.
    • Handle: RePEc:onb:oenbfi:y:2017:i:2:b:2
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    Cited by:

    1. Topxhiu Rahmije Mustafa & Krasniqi Florentina Xhelili, 2017. "The Relevance of Remittances in Fostering Economic Growth in the West Balkan Countries," Ekonomika (Economics), Sciendo, vol. 96(2), pages 28-42, February.
    2. Peter Backé & Elisabeth Beckmann, 2022. "Euro adoption in CESEE: How do financial literacy and trust in institutions affect people’s attitudes?," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1/22, pages 7-28.

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    More about this item

    Keywords

    remittances; emigration; intensive and extensive margin; CESEE;
    All these keywords.

    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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