THE SUSTAINABLE IMPORTANCE OF REMITTANCES AND THEIR ROLE IN ECONOMIC DEVELOPMENT. THE CASE OF ROMANIA

Liana Son (), Iudith Moise and Para Iulia
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Liana Son: University of the West of Timiºoara, ROMANIA
Iudith Moise: University of the West of Timiºoara, ROMANIA

Romanian Journal of Economics, 2009, vol. 28, issue 1(37), 113-133

Abstract: The increasing amplitude of migrants and remittences in the last years, especially toward the developing countries has positive effects on development in the countries of origin. Empiric research outline the potentially significant effect of remittances on the economy of a country in various ways, as a source of external financing, contributing to the growth and economic development, to the increase of the national income and stimulation of consumption, and at the same time, important in financing households, contributing to poverty decrease. These challenges are a priority for Romania, an emigration country that receives every year un important volume of remittances, but, at present with a preponderant role in the consumption.

Keywords: international migration; remittances; economic development (search for similar items in EconPapers)
JEL-codes: J0 J6 O16 R23 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:1:y:2009:i:37:p:113-133

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