Remittances, Migration and Gross Domestic Product from Romania’s Perspective

Mehedințu, Anca; Şoavă, Georgeta; Sterpu, Mihaela

doi:10.3390/su12010212

Cited by 24 publications

(17 citation statements)

References 52 publications

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“…However, significant communities of Romanian migrant workers are also found in Austria, France, Germany, Greece and the UK. Romanian transnational migrants make a significant contribution to the Romanian economy sending remittances of almost €6 billion home each year, representing almost 2% of GDP (Mehedintu, Soava, and Sterpu 2020).…”

Section: The Return Of Transnational Migrant Workersmentioning

confidence: 99%

COVID-19 in Romania: transnational labour, geopolitics, and the Roma ‘outsiders’

Creţan

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2020

Eurasian Geography and Economics

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COVID-19 has played out in Romania in a similar way to that in many other European countries. The government implemented decisive early measures which were able to keep the infection and mortality rates relatively low. This paper considers three distinctive aspects of the situation in Romania. First, the situation was complicated by the influence of transnational migrant workers, large numbers of whom returned to Romania when the pandemic started, accounting for distinct geographical variations in the rates of infection. At the same time, large numbers were able to leave the country at the height of the pandemic because they were "needed" for lowpaid agricultural/social care work in western European countries. Second, the pandemic placed tension on Romania's relationship with the EU, whilst highlighting a number of existing issues between Romania and its neighbors. Third, Romania's strict lockdown measures exacerbated long-standing internal tensions, particularly with regard to the large and marginalized Roma community. The paper concludes by considering some of the possible longer-term implications for Romania of the COVID-19 pandemic.

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Section: The Return Of Transnational Migrant Workersmentioning

confidence: 99%

COVID-19 in Romania: transnational labour, geopolitics, and the Roma ‘outsiders’

Creţan

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2020

Eurasian Geography and Economics

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“…Remittances are an important source of foreign transfers to developing countries and can be considered a financial mechanism for development. The trend of this currency inflow in the countries of origin obviously illustrates that the value of remittances decreases visibly [8,55], and the strategic analysis of this trend, especially due to the COVID-19 pandemic cannot be optimistic-foreign exchange inflows into countries of origin will fall drastically. The economic and geopolitical situation of the host countries is only one of these factors, but the UK's exit from the EU (1 January 2020) will clearly have a negative impact on remittance inflows to the external balance of payments of emerging countries.…”

Section: Statistical Analysis Of Datamentioning

confidence: 99%

“…Thus, international development agencies and governments are considering the potential of employment and remittances to stimulate development in developing countries. In this regard, in a series of previous research on the emerging countries of the European Union [8][9][10], we studied the impact of remittances on economic growth and on poverty; we found that in the short term, the share of remittances in gross domestic product will maintain its upward trend for most of the countries analyzed, but the impact of the COVID-19 pandemic is unknown.…”

Section: Introductionmentioning

confidence: 99%

Impact of Employed Labor Force, Investment, and Remittances on Economic Growth in EU Countries

et al. 2020

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This paper analyzes the evolution and influence of gross domestic product per capita, labor force participation rate, gross fixed capital formation, and personal remittances on economic growth for European Union (EU) countries, using data from the World Bank (1996–2019) and from Eurostat (the first two quarters 2019–2020). The study has three components: statistical analysis, analysis of the evolution for each country and EU, and estimation of the impact on economic growth rate by using a linear multifactorial regression model for 1996–2019, 1996–2008, and 2009–2019. The model was validated by econometric techniques. The long-term causal relationship between exogenous and endogenous variables was validated by the Granger test. The results of the study show a differentiated evolution of the indicators, and that all indicators are severely affected by the 2008 financial crisis and the debut of the COVID-19 crisis in early 2020. The model used shows the significant positive influence of labor and investment, and the minor effect of remittances on economic growth. In the context of the COVID-19 epidemic, the results of the study could be arguments to be considered for the redesign of economic policies at European Union level.

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“…When exploring the effect of remittances on economic growth, other authors have used data on both GDP per capita (Abduvaliev & Bustillo, 2019;Comes et al, 2018;Gjini, 2013;Mehedintu et al, 2019 and GDP per capita growth (Cismaș et al, 2019;El Hamma, 2019;Ghosh Dastidar, 2017;Meyer & Shera, 2017).…”

Section: Hypothesis and Model Specificationmentioning

confidence: 99%

Emigration, Remittances and Economic Growth in the Baltic States: A Regional Perspective

Přívarová

2020

EUrASEANs

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The Baltic States have been facing higher emigration flows since joining the EU in 2004. While integrating to the EU, this region has faced many economic and political issues, which revealed the weaknesses of their economic policies, financial systems and social security systems. Even though after the EU accession in 2004 the Baltic economies have demonstrated rapid economic growth, still their financial performance under the economic crisis has evidently shown their weaknesses. The Baltic States is a crucial example of the regions where the current emigration has drawn the attention of the policy-makers seeking to reduce the possible negative effects from the emigration of young and well-skilled workers. Here, we have employed fixed effects and OLS estimation methods to conduct our research analysis. Our regression analysis has demonstrated that remittances positively and significantly contribute to the economic growth of the Baltic. However, we also need to emphasize the importance of further analysis of the geography of remittances to the region, especially under the conditions of Brexit, given the fact that for many years a large share of remittances the Baltics were receiving from the United Kingdom. The effects of Brexit on the remittances flows from the United Kingdom to the Baltics will definitely take place in the future, thus, shifts in emigration flows and remittances should be in the focus of future research.

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Remittances, Migration and Gross Domestic Product from Romania’s Perspective

Cited by 24 publications

References 52 publications

COVID-19 in Romania: transnational labour, geopolitics, and the Roma ‘outsiders’

COVID-19 in Romania: transnational labour, geopolitics, and the Roma ‘outsiders’

Impact of Employed Labor Force, Investment, and Remittances on Economic Growth in EU Countries

Emigration, Remittances and Economic Growth in the Baltic States: A Regional Perspective

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