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REMITTANCES SENT TO EU NEW MEMBER STATES: DO THE MAKE A DIFFERENCE FOR THE HOUSEHOLD CONSUMPTION?

Zizi Goschin () and Bogdan Ileanu

Journal of Social and Economic Statistics, 2013, vol. 2, issue 2, 22-38

Abstract: Researches all over the world have revealed that remittances might have a large range of effects in the receiving countries, both at micro- and macroeconomic level. In this context, our paper addresses the question of how much influence the remittances have on the aggregate consumption of households in EU new member states. We answer this question by means of an econometric model, using macroeconomic datasets provided by the World Bank. For reasons of data availability and comparability between the countries, the analysis was limited to the period from 1995 to 2009. We developed a panel data model to appraise the effects of the remittances on the living standard in countries of origin, using as dependent variable the household final consumption per capita and as regressors: earnings, remittances, credits, taxes, GDP per capita, unemployment, imports, etc. We applied fixed-effects, as well as random-effects panel regressions, but found no evidence that the growth in the amount of remittances conveyed through the official network has significantly influenced the household consumption in EU new member states.

Keywords: migration; remittances; consumption; EU new member states. (search for similar items in EconPapers)
JEL-codes: C70 F22 F24 (search for similar items in EconPapers)
Date: 2013
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