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The Link Between Emigration and Financial Transactions

Simona-Andreea Apostu ()
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Simona-Andreea Apostu: Bucharest University of Economic Studies

PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON ECONOMICS AND SOCIAL SCIENCES, 2018, vol. 1, issue 1, 164-170

Abstract: Lately, migration has registered a growing trend, reaching massive values. Numerous studies have analysed the phenomenon of migration, its trend, the advantages and disadvantages, as well as the factors of influence. This article comes as a complement to existing studies, analysing migration from economic and financial perspective, focusing on the emigration and economic growth. The binder between emigration and economic growth is represented by remittances, money sent by emigrants in the country of origin. The purpose of this study is to determine whether the number of emigrants influences the economic growth, given that money sent to the country of origin contributes to economic development, so the study analyses the number of emigrants and the financial transactions. For this, is established the link between number of emigrants and financial transactions for the countries of Europe during 2008-2015. The results of this study show that the variable emigrants have a significant influence on financial transactions, being statistically significant. Lot of emigrants send remittances and this is reflected in the financial transactions from the origin country. So, emigrants emigrate for a limited period of time, not forever. The reason they emigrate is higher incomes and a part of incomes is sent in the origin country, helping the economies of less developed and developing countries and leading to economic growth.

Keywords: Migration; emigrants; financial transactions; economic growth; panel regression; link (search for similar items in EconPapers)
Date: 2018
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