IDEAS home Printed from https://ideas.repec.org/a/etc/journl/y2014i10p39-54.html
   My bibliography  Save this article

Economic crisis impact on Remittances and Migration level in Albania

Author

Listed:
  • Adela Shera
  • Ardita Shehaj

Abstract

Remittances of international migrants as the second largest flow of incomes contribute to the well-being of their households of origin and also have an impact at macro-economic level. Out-migration is an effective means for low-income households to quickly overcome shortages of income. The sustenance of poor households might have been more difficult without such remittances. From a macro perspective, remittances contribute to the equalization of the income distribution among households having out-migrants. Remittances have enforced the Albanian economy since 1992 especially they had a positive and large contribution in consumption level, investment and GDP. But the economic crisis of 2008 has affected large sectors of the population in developed and developing nations and international immigrants have not been the exception because there have been an economic downturn. Remittances in Albania represent the second main source of incomes and this study documents the recent slowdown in workers� remittances, the money that international immigrants send back home. Current data indicates that remittance flows have slowed for all regions of the globe. This paper tries to analyze the impact of the economic crisis on remittances level and also the negative impact of their slowdown in the Albanian economy.

Suggested Citation

  • Adela Shera & Ardita Shehaj, 2014. "Economic crisis impact on Remittances and Migration level in Albania," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 10, pages 39-54, July.
    • Handle: RePEc:etc:journl:y:2014:i:10:p:39-54
    as

    Download full text from publisher

    File URL: https://academicus.edu.al/nr10/Academicus-MMXIV-10-039-054.pdf
    Download Restriction: no
    File URL: https://academicus.edu.al/nr10/Academicus-MMXIV-10-039-054.html
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Puri, Shivani. & Ritzema, Tineke., 1999. "Migrant worker remittances, micro-finance and the informal economy : prospects and issues," ILO Working Papers 993576093402676, International Labour Organization.
    2. Samuel Munzele Maimbo & Dilip Ratha, 2005. "Remittances: Development Impact and Future Prospects," World Bank Publications - Books, The World Bank Group, number 7339.
    3. Samuel Munzele Maimbo & Richard H. Jr. Adams & Reena Aggarwal & Nikos Passas, 2005. "Migrant Labor Remittances in South Asia," World Bank Publications - Books, The World Bank Group, number 7426.
    4. repec:ilo:ilowps:357609 is not listed on IDEAS
    5. Massey, Douglas S. & Taylor, J. Edward (ed.), 2004. "International Migration: Prospects and Policies in a Global Market," OUP Catalogue, Oxford University Press, number 9780199269006.
    6. Jorge Durand & William Kandel & Emilio Parrado & Douglas Massey, 1996. "International migration and development in mexican communities," Demography, Springer;Population Association of America (PAA), vol. 33(2), pages 249-264, May.
    7. Rodriguez, Edgard R, 1998. "International Migration and Income Distribution in the Philippines," Economic Development and Cultural Change, University of Chicago Press, vol. 46(2), pages 329-350, January.
    8. World Bank, 2008. "The Migration and Remittances Factbook 2008," World Bank Publications - Books, The World Bank Group, number 6383.
    9. Adams, Richard H., Jr., 1991. "The effects of international remittances on poverty, inequality, and development in rural Egypt:," Research reports 86, International Food Policy Research Institute (IFPRI).
    10. Stark, Oded & Taylor, J. Edward & Yitzhaki, Shlomo, 1988. "Migration, remittances and inequality : A sensitivity analysis using the extended Gini index," Journal of Development Economics, Elsevier, vol. 28(3), pages 309-322, May.
    11. Arta Musaraj, 2010. "Local development and Local Partnerships: Universities applying pro-active PR in a local systems network logics," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 2, pages 26-32, July.
    12. Michel Beine & Frédéric Docquier & Hillel Rapoport, 2002. "Brain Drain and LDCs' Growth: Winners and Losers," Working Papers 2002-08, Bar-Ilan University, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Elizabeta Tosheva, 2016. "The effects of the global economic crisis on Macedonian economy: Some macroeconomic indicators and future policy recommendations," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 13, pages 171-183, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zizi GOSCHIN & Bogdan ILEANU, 2013. "Remittances Sent To Eu New Member States: Do The Make A Difference For The Household Consumption?," Journal of Social and Economic Statistics, Bucharest University of Economic Studies, vol. 2(2), pages 22-38, DECEMBER.
    2. repec:spo:wpmain:info:hdl:2441/7i7knjo7kv89n9d542jjp3tg0g is not listed on IDEAS
    3. Karam Fida, 2010. "When Migrant Remittances Are Not Everlasting: How Can Morocco Make Up?," Review of Middle East Economics and Finance, De Gruyter, vol. 6(1), pages 1-38, July.
    4. Maëlan LE GOFF & Christian EBEKE, 2009. "Why Migrants' Remittances Reduce Income Inequality in some Countries and not in Others?," Working Papers 200919, CERDI.
    5. Nigussie Abadi & Ataklti Techane & Girmay Tesfay & Daniel Maxwell & Bapu Vaitla, 2018. "The impact of remittances on household food security: A micro perspective from Tigray, Ethiopia," WIDER Working Paper Series 040, World Institute for Development Economic Research (UNU-WIDER).
    6. Nigussie Abadi & Ataklti Techane & Girmay Tesfay & Daniel Maxwell & Bapu Vaitla, 2018. "The impact of remittances on household food security: A micro perspective from Tigray, Ethiopia," WIDER Working Paper Series wp-2018-40, World Institute for Development Economic Research (UNU-WIDER).
    7. repec:hal:spmain:info:hdl:2441/7i7knjo7kv89n9d542jjp3tg0g is not listed on IDEAS
    8. Taylor, J. Edward, 1992. "Remittances and inequality reconsidered: Direct, indirect, and intertemporal effects," Journal of Policy Modeling, Elsevier, vol. 14(2), pages 187-208, April.
    9. Naudé, Wim & Siegel, Melissa & Marchand, Katrin, 2015. "Migration, Entrepreneurship and Development: A Critical Review," IZA Discussion Papers 9284, Institute of Labor Economics (IZA).
    10. Cristina Cattaneo, 2009. "International Migration, the Brain Drain and Poverty: A Cross‐country Analysis," The World Economy, Wiley Blackwell, vol. 32(8), pages 1180-1202, August.
    11. Serdar Sayan & Ayça Tekin-Koru, 2010. "Host-Country Economic Policies and Worker Remittances to Developing Countries: The Cases of Turkey and Mexico," Chapters, in: Robert E.B. Lucas & Lyn Squire & T. N. Srinivasan (ed.), Global Exchange and Poverty, chapter 7, Edward Elgar Publishing.
    12. Moises Neil V. Serino & Donghun Kim, 2011. "How Do International Remittances Affect Poverty In Developing Countries? A Quantile Regression Analysis," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 36(4), pages 17-40, December.
    13. Gabriel Gonzalez-Konig & Quentin Wodon, 2005. "Remittances and Inequality," Department of Economics and Finance Working Papers EC200506, Universidad de Guanajuato, Department of Economics and Finance.
    14. repec:dau:papers:123456789/13287 is not listed on IDEAS
    15. Laetitia Duval & Francois-Charles Wolff, 2010. "Remittances matter: longitudinal evidence from Albania," Post-Communist Economies, Taylor & Francis Journals, vol. 22(1), pages 73-97.
    16. Adams, Samuel & Klobodu, Edem Kwame Mensah, 2016. "Remittances, regime durability and economic growth in Sub-Saharan Africa (SSA)," Economic Analysis and Policy, Elsevier, vol. 50(C), pages 1-8.
    17. Slobodan Djajic & Michael S. Michael, 2009. "Temporary Migration Policies and Welfare of the Host and Source Countries: A Game-Theoretic Approach," CESifo Working Paper Series 2811, CESifo.
    18. Nong Zhu & Xubei Luo, 2014. "The Impact of migration on rural poverty and inequality: a case study in China," CIRANO Working Papers 2014s-08, CIRANO.
    19. Lall, Somik V. & Selod, Harris & Shalizi, Zmarak, 2006. "Rural-urban migration in developing countries : a survey of theoretical predictions and empirical findings," Policy Research Working Paper Series 3915, The World Bank.
    20. Wadood, Syed Naimul & Hossain, Amzad, 2017. "Microeconomic impact of remittances on household welfare: Evidences from Bangladesh," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 13(1).
    21. Martin-Mayoral, Fernando & Proaño, Maria Belén, 2012. "Las remesas en América Latina, ¿amenaza u oportunidad? [Remittances in Latin America, a threat or an opportunity?]," MPRA Paper 43730, University Library of Munich, Germany.
    22. Wim Naudé & Melissa Siegel & Katrin Marchand, 2017. "Migration, entrepreneurship and development: critical questions," IZA Journal of Migration and Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 6(1), pages 1-16, December.
    23. Gamel Abdul-Nasser Salifu, 2021. "Picking the Right Arrow for the Target: Modelling the Economic Impact of Remittance on Agribusinesss Entreprenuership and Youth Employment in Sub-Saharan Africa," Business and Management Research, Business and Management Research, Sciedu Press, vol. 10(1), pages 1-18, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:etc:journl:y:2014:i:10:p:39-54. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabor Vasmatics (email available below). General contact details of provider: https://edirc.repec.org/data/etctial.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.