ECONOMIC DEVELOPMENT OF THE REPUBLIC OF MOLDOVA BASED ON REMITTANCES

Zinovia Toaca
Additional contact information
Zinovia Toaca: Academy of Economic Studies of Moldova

Revista Economica, 2021, vol. 73, issue 3, 186-199

Abstract: This article examines the effects of remittances on the economic growth of the Republic of Moldova, determined by private consumption. To verify the link between remittances and development in the Republic of Moldova, the study uses a VECM approach. The result of the research is that, for the Republic of Moldova, remittances are an important source for private consumption, which in turn fuels the economic evolution of the country. In order to redirect remittances to investments, the government is implementing various strategies, which do not yet have the expected support of remittance holders.

Keywords: Remittances; economic growth; private consumption; VECM (search for similar items in EconPapers)
JEL-codes: C01 C32 F24 O47 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://economice.ulbsibiu.ro/revista.economica/archive/73310toaca.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:73:y:2021:i:3:p:186-199

Access Statistics for this article

More articles in Revista Economica from Lucian Blaga University of Sibiu, Faculty of Economic Sciences Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No.17, postal code 550324, Sibiu, Romania. Contact information at EDIRC.
Bibliographic data for series maintained by Eduard Alexandru Stoica ().