DYNAMIC EFFECTS OF MIGRANT REMITTANCES ON GROWTH: AN ECONOMETRIC MODEL WITH AN APPLICATION TO SOUTHEAST EUROPEAN COUNTRIES
Mariana Balan ()
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Mariana Balan: Institute for Economic Forecasting-NIER, Romanian Academy
New Trends in Modelling and Economic Forecast (MEF 2011), 2012, vol. 1, issue 1, 69-78
This paper presents a dynamic econometric model to study the impact of remittances on consumption, investment, output and imports. Multiplier effects of exogenous shocks of remittances are estimated in the short and long term, with data from six Southeast European countries. The analysis reveals a uniform country performance of instability and uncertainty, with great temporal and inter-country fluctuations of remittance effects. Are highlighted the different inter-country priorities of remittances spending and an asymmetric impact on economic growth of remittances changes.
Keywords: Remittances; Migration; Economic Growth; Econometric Model; Southeast European Countries (search for similar items in EconPapers)
JEL-codes: C33 C52 F22 O11 O15 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntumef:vol1-iss1-12-069
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