publication . Article . Other literature type . 2014

Remittances as an Economic Development Factor. Empirical Evidence from the CEE Countries

Goschin, Zizi;
Open Access
  • Published: 01 Jan 2014 Journal: Procedia Economics and Finance, volume 10, pages 54-60 (issn: 2212-5671, Copyright policy)
  • Publisher: Elsevier BV
Abstract
Abstract Empirical studies on remittances revealed their key role for the household consumption of the receiving families, as well as their investment potential with direct influence on economic development in emigrant's country of origin. This paper focuses on the second approach by treating remittances as capital flows that have macroeconomic growth potential. Aiming to test this hypothesis, we constructed a two growth models that include remittances as the variable of interest, alongside the traditional production factors. The models have been tested using aggregate data that cover ten countries in Central and Eastern Europe (CEE) over 1995-2011. Panel estima...
Subjects
free text keywords: Empirical evidence, Capital flows, Economics, Economic growth, Aggregate data, Factors of production, Empirical research, Country of origin, remittances, panel data, CEE countries.
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publication . Article . Other literature type . 2014

Remittances as an Economic Development Factor. Empirical Evidence from the CEE Countries

Goschin, Zizi;