THE ANALYSIS OF ROMANIAN MIGRANTS' REMITTANCES

Brindusa Radu, Carmen Uzlau and Mariana Balan
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Carmen Uzlau: INSTITUTE FOR ECONOMIC FORECASTING, ROMANIAN ACADEMY
Mariana Balan: INSTITUTE FOR ECONOMIC FORECASTING – NIER, ROMANIAN ACADEMY

Annals - Economy Series, 2020, vol. 5, 208-215

Abstract: Remittances - or money sent to the country by Romanians working abroad - are very difficult to measure accurately, there are situations in which they do not reach relatives through banks or fast transfer companies, but in envelopes by bus drivers, cash sent through friends or colleagues who return to the country or even more sophisticated procedures: Romanians make a card at a foreign bank, come with the card and leave it to a relative in the country, and the card is also supplied from abroad, without being taken national records [4]. Migration experts say that the level of remittances can be at most a proxy for the intention to return to the country of the sender of money. The remittance of substantial amounts can be associated with the hypothesis of building a house or the firm intention to return to Romania, while decreasing remittances can be associated with the reverse hypothesis [2]. In the current conditions in which the pandemic, which has become global, of COVID-19 has "upset" all national economies, which has led to massive layoffs, the closure of enterprises from the smallest to the largest we are witnessing a phenomenon unique after 1990, namely the massive return of Romanian emigrants [1]. In this context, we considered opportune an analysis of the impact of remittances of Romanian migrants on economic growth, remittances that will certainly be greatly diminished in the next period, or maybe even stopped.

Keywords: population migration; remittances; economic development (search for similar items in EconPapers)
Date: 2020
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