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Return Migration and Remittances: Recent Empirical Evidence for Bulgaria

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  • Vesselin Mintchev
  • Venelin Boshnakov

Abstract

The article presents a review of recent empirical evidence on a range of issues related to the transfers of funds from Bulgarian migrants, known as migrant remittances. Data for the official indicators as compensation of employees and workers’ remittances is utilized from the Bulgarian National Bank, providing these items in the Balance of Payments financial statistics. Furthermore, on the basis of information from a questionnaire survey carried out in 2017, the socio-demographic profile of return migrants supporting their relatives staying in the home country is explored. Possible answers are provided to the question on what drives the active remittance behaviour of returnees during their stay abroad. An outline is suggested regarding the purposes for which remittances are utilized and the main types of businesses they support. Using the method of binary logistic regression, several main determinants of the inclination of the migrant to support those left in the home country are identified and discussed.

Suggested Citation

  • Vesselin Mintchev & Venelin Boshnakov, 2021. "Return Migration and Remittances: Recent Empirical Evidence for Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 56-75.
    • Handle: RePEc:bas:econst:y:2021:i:3:p:56-75
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    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2021/2021-3/4_Mintchev_Boshnakov.pdf
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    References listed on IDEAS

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    1. Vesselin Mintchev & Georgi Shopov & Iordan Kaltchev & Venelin Boshnakov, 2016. "Migration of Bulgarian Population – Characteristics and Relations to the Regional Socio-Economic Disparities," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 45-78.
    2. Irena Zareva, 2019. "Participation of Returning Migrants in the Labour Market in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 95-104.
    3. Andrey Nonchev & Marieta Hristova, 2018. "Segmentation of Returning Migrants," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-24.
    4. Irena Zareva, 2018. "Returning migrants – Effects on the Labour Market in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 102-114.
    5. Andrey Nonchev, 2019. "The Remigration: Causes and Sustainability (The Bulgarian Case)," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 72-79.
    6. Irena Zareva, 2021. "(Re) Integration of Returning Migrants into the Economic Life in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 19-34.
    7. Gittins, Tim & Fink, Matthias, 2015. "Return migration, informal learning, human capital development and SME internationalization in the CEE region: A systematic literature review," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 20(3), pages 279-303.
    8. Irena Zareva, 2018. "Policies for Encouraging the Return of Bulgarian Migrants to Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 65-79.
    9. Vesselin Mintchev & Venelin Boshnakov, 2006. "Economics of Bulgarian Emigration - Empirical Assessment," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 23-47.
    10. Vesselin Mintchev & Venelin Boshnakov, 2018. "The Choice of Bulgarian Migrants – Stay or Leave Again?," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 45-64.
    11. Gittins, Tim & Fink, Matthias, 2015. "Return migration, informal learning, human capital development and SME internationalization in the CEE region: A systematic literature review," Journal of East European Management Studies, Rainer Hampp Verlag, vol. 20(3), pages 279-303.
    12. Yves Bourdet & Hans Falck, 2006. "Emigrants' remittances and Dutch Disease in Cape Verde," International Economic Journal, Taylor & Francis Journals, vol. 20(3), pages 267-284.
    13. Maria Bakalova & Mihaela Misheva, 2018. "Explanations of Economic Rationality Challenged: Contemporary Return Migration to Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 80-101.
    14. Vesselin Mintchev, 2009. "International Migration and Remittances in the Balkans: The Case of Bulgaria," Chapters, in: Ewald Nowotny & Peter Mooslechner & Doris Ritzberger-Grünwald (ed.), The Integration of European Labour Markets, chapter 9, Edward Elgar Publishing.
    15. Venelin Boshnakov, 2019. "Future Plans of Bulgarian Circular Migrants: Empirical Evidence from Bus Travelers," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 80-94.
    16. Theodora Xenogiani, 2006. "Migration Policy and its Interactions with Aid, Trade, and Foreign Direct Investment Policies: A Background Paper," OECD Development Centre Working Papers 249, OECD Publishing.
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    Cited by:

    1. Arian Tahiri & Faruk Ahmeti & Burim Prenaj, 2023. "The Effect of International Migrant Remittances on Employment Patterns: Evidence from Kosovo," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 126-142.

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    More about this item

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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