The macroeconomic implications of emigrants' remittances in Romania, Bulgaria and Albania

Anastasia Blouchoutzi and Christos Nikas

Post-Communist Economies, 2010, vol. 22, issue 4, 547-558

Abstract: The process of transition in the Balkan economies was accompanied by large-scale emigration. The employment of a considerable part of their labour force abroad was accompanied by a massive inflow of remittances. Remittances are considered the basic gain of migration for the emigration countries and their main compensation for losing (temporarily or more permanently) a part of their labour force. Whether remittances contribute to the economic development of the country receiving them depends on how they are used, that is, what activities they finance. Their exclusive use for consumption and imports, for example, is considered less development-stimulating than financing productive investment. This article investigates the impact of remittances on three basic macroeconomic variables, namely consumption, investment and imports, for three transition Balkan economies: Romania, Bulgaria and Albania. The main new element of the analysis is the use of econometric investigation on the basis of time series analysis, since emigration from these countries only started less than 20 years ago.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/14631377.2010.518479 (text/html)
Access to full text is restricted to subscribers.

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:taf:pocoec:v:22:y:2010:i:4:p:547-558

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CPCE20

DOI: 10.1080/14631377.2010.518479

Access Statistics for this article

Post-Communist Economies is currently edited by Roger Clarke

More articles in Post-Communist Economies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().