The impact of remittances on the receiving country: some evidence from Romania in European context

Cismaṣ, Laura Mariana; Curea-Pitorac, Ruxandra-Ioana; Vadasan, Ioana

doi:10.1080/1331677x.2019.1629328

Cited by 17 publications

(7 citation statements)

References 33 publications

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“…As mentioned, international migration has never stopped and movements are driven by a multitude of factors and reasons. On top of socio-economic issues, other factors are involved in driving international migration -political, armed conflicts, better education, family reunification, etc., (Cismaș et al, 2019;Mendoza, 2020). At first glance, remittance inflows are an important factor for economic growth, but one can find exceptions (Chowdhury, 2016;Lartey, 2013).…”

Section: Hypotheses Developmentmentioning

confidence: 99%

The Interactive Effects of Remittances on Economic Growth and Inequality in Western Balkan Countries

Bajra

2021

Journal of Business Economics and Management

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Hardly any studies have investigated the impact of migrant remittances on economic growth (EG) and inequality in the Western Balkans as a whole (WB6). Using the method of instrumental variables (VI), the findings show that while remittances influence economic growth, their inflow also promotes a high level of migration and absorbs a large workforce by influencing the labor market and encouraging uncontrolled individual relocation. This paper also reveals that although remittances have eased income inequalities the share of remittances in a country’s economy has declined over the years. After testing for the endogeneity of remittances and controlling for various variables, the results indicate that migrant workers’ remittances do not provide strong support for economic growth and inequality. For the sample average, a 1-percent rise in the share of remittances in the economy (i.e., to GDP) will lead to a 0.10-percent rise in the economic cycle i.e. GDP growth, respectively will lead to a 0.05-percent drop in the share of people living in inequality. The findings also show that the interactive effect of remittances and foreign direct investment is lower on economic growth and inequality than the individual effect of each factor.

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Section: Hypotheses Developmentmentioning

confidence: 99%

The Interactive Effects of Remittances on Economic Growth and Inequality in Western Balkan Countries

Bajra

2021

Journal of Business Economics and Management

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“…The quality of governance is influenced by a number of factors, at both microeconomic [ 70 ] and macroeconomic level [ 71 ]. Economic crises have a direct link between governance and economic growth, which leads to the need for long-term strategies to have good governance [ 72 , 73 , 74 ].…”

Section: Resultsmentioning

confidence: 99%

Responsible Communication of Romanian Companies for Ensuring Public Health in a COVID-19 Pandemic Context

Haţegan

Curea-Pitorac

Hategan

2020

IJERPH

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The COVID-19 pandemic has forced companies to respond to the threat of this risk and innovate in corporate governance. In order to reduce the risk of illness, one of the most applied measures by all companies was social distancing, but to avoid human interaction, companies had to adapt their communication strategies. The objective of the paper is to assess the risk management of Romanian-listed companies associated with COVID-19 focusing on their business communication with shareholders and stakeholders. To emphasis the communication we have chosen to analyze all public reports during the state of emergency of the companies listed on the main market at the Bucharest Stock Exchange. The empirical analysis consists of a panel data econometric model using maximum likelihood random-effects regression and a logistical regression to highlight the correlations between the dependent variables Public Reports and Business Continuity Plan and the analyzed independent variables. The study showed that in most cases, the companies had at least one public report, especially the one related to the annual shareholders meeting, a percentage of 21% of companies had two public reports, and only 17% of companies have published three or more reports. The companies that communicated the most were the ones belonging to the premium trading category, and the number of published reports was influenced by the communication evaluation indicator, profitability and by the announcement of the donations made.

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“…Conversely, several previous studies offer evidence and support for the hypothesis that remittances negatively affect the economic growth of country of origin; the work in [6,28,36] found evidence of a negative and significant relationship between remittances and economic growth in the long run. The authors of [33] find that remittances Granger-cause economic growth of several but not all CEE countries. Similar ambiguous results are obtained in many other studies regarding this topic [37,38].…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Causality between Foreign Remittance and Economic Growth: Empirical Evidence from Croatia

2021

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While human capital and foreign capital have received considerable attention in the study of economic growth, foreign remittances are less of a focus. Though some studies have identified the increasing importance of remittances, they have failed to analyze the relationship between foreign remittances and economic growth. The aim of this paper is to investigate the causal link between foreign remittances and economic growth in the Republic of Croatia over the period from 2000q1 to 2020q2. Any causal link is identified using Granger causality tests in vector autoregression models. In addition, variance decomposition and impulse response functions help determine any dynamic links. The empirical results suggest that, in the case of Croatia, there is a unidirectional causal relationship from foreign remittances to economic growth but no link in the opposite direction. The research results indicate that foreign remittances play a role in the Croatian economy and are one of the consequences of the large emigration processes that affected Croatia after joining the European Union.

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The impact of remittances on the receiving country: some evidence from Romania in European context

Cited by 17 publications

References 33 publications

The Interactive Effects of Remittances on Economic Growth and Inequality in Western Balkan Countries

The Interactive Effects of Remittances on Economic Growth and Inequality in Western Balkan Countries

Responsible Communication of Romanian Companies for Ensuring Public Health in a COVID-19 Pandemic Context

Causality between Foreign Remittance and Economic Growth: Empirical Evidence from Croatia

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