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Economic Development Of The Republic Of Moldova Based On Remittances

Author

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  • TOACA Zinovia

    (Academy of Economic Studies of Moldova)

Abstract

This article examines the effects of remittances on the economic growth of the Republic of Moldova, determined by private consumption. To verify the link between remittances and development in the Republic of Moldova, the study uses a VECM approach. The result of the research is that, for the Republic of Moldova, remittances are an important source for private consumption, which in turn fuels the economic evolution of the country. In order to redirect remittances to investments, the government is implementing various strategies, which do not yet have the expected support of remittance holders.

Suggested Citation

  • TOACA Zinovia, 2021. "Economic Development Of The Republic Of Moldova Based On Remittances," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 73(3), pages 186-199, October.
    • Handle: RePEc:blg:reveco:v:73:y:2021:i:3:p:186-199
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/73310toaca.pdf
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    More about this item

    Keywords

    Remittances; economic growth; private consumption; VECM;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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