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Impact of Remittances on Financial Development and Economic Growth

Author

Listed:
  • Madalina-Gabriela ANGHEL

    (“Artifex” University of Bucharest)

  • Georgiana NITA

    (Bucharest University of Economic Studies)

  • Alexandru BADIU

    (Bucharest University of Economic Studies)

Abstract

The research subject is remittances and their impact on growth and financial development. The fact that remittances might affect financial development in developing countries is based on the concept that money transferred through financial institutions give access for recipients to other financial products and services, which they might not have otherwise (as outlined by Orozco and Fedewa, 2005). Remittances played a significant role in the economy of Romania, both as financial support for relatives, and also from the viewpoint of expenses for consumption and even investments (dwellings, high-price movable goods) realized from resources related to remittances. The authors analyze the impact of remittances on the Gross Domestic Product.

Suggested Citation

  • Madalina-Gabriela ANGHEL & Georgiana NITA & Alexandru BADIU, 2017. "Impact of Remittances on Financial Development and Economic Growth," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(1), pages 106-112, January.
    • Handle: RePEc:rsr:supplm:v:65:y:2017:i:1:p:106-112
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    References listed on IDEAS

    as
    1. Ziesemer, Thomas H.W., 2010. "The impact of the credit crisis on poor developing countries: Growth, worker remittances, accumulation and migration," Economic Modelling, Elsevier, vol. 27(5), pages 1230-1245, September.
    2. Bredl, Sebastian, 2009. "Migration, remittances and educational outcomes: The case of Haiti," Discussion Papers 44, Justus Liebig University Giessen, Center for international Development and Environmental Research (ZEU).
    3. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina Gabriela ANGHEL, 2015. "Analysis of final consumption and gross investment influence on GDP – multiple linear regression model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(604), A), pages 137-142, Autumn.
    4. Laurent Gheeraert & Ritha Sukadi Mata & Daniel Traca, 2010. "Remittances and Domestic Investment in Developing Countries: An Analysis of the Role of Financial Sector Development," Working Papers CEB 10-013.RS, ULB -- Universite Libre de Bruxelles.
    5. Constantin ANGHELACHE & Gabriela Victoria ANGHELACHE, 2013. "Macroeconomic Models Used In The Structural Analysis Of The Gross Domestic Product," Romanian Statistical Review, Romanian Statistical Review, vol. 61(6), pages 15-21, July.
    6. Constantin Anghelache & Alexandru Manole & Madalina Gabriela Anghel, 2015. "Analysis of Final Consumption, Gross Investment, the Changes in Inventories and Net Exports Influence of GDP Evolution, by Multiple Regression," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(3), pages 66-70, July.
    7. repec:agr:journl:v:3(604):y:2015:i:3(604):p:137-142 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Brindusa Mihaela Radu & Carmen Uzlau & Mariana Balan, 2020. "The Analysis Of Romanian Migrants' Remittances," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 208-215, October.
    2. Constantin ANGHELACHE & Georgiana NITA & Alexandru BADIU, 2017. "Migration And Remittances – Statistical And Econometric Models Used To Analyze The Impact Of Remittances In Economic Development," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 134-143, June.
    3. Constantin ANGHELACHE & Madalina-Gabriela ANGHEL & Andreea - Ioana MARINESCU, 2017. "The Main Structural Indicators Of The National Wealth," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(10), pages 58-66, October.

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    More about this item

    Keywords

    remittances; migrants; financial development; economic growth;
    All these keywords.

    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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