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The Sustainable Importance Of Remittances And Their Role In Economic Development. The Case Of Romania

Author

Listed:
  • Liana SON

    (University of the West of Timiºoara, ROMANIA)

  • Iudith MOISE

    (University of the West of Timiºoara, ROMANIA)

  • Iulia PARA

    (University of the West of Timiºoara, ROMANIA)

Abstract

The increasing amplitude of migrants and remittences in the last years, especially toward the developing countries has positive effects on development in the countries of origin. Empiric research outline the potentially significant effect of remittances on the economy of a country in various ways, as a source of external financing, contributing to the growth and economic development, to the increase of the national income and stimulation of consumption, and at the same time, important in financing households, contributing to poverty decrease. These challenges are a priority for Romania, an emigration country that receives every year un important volume of remittances, but, at present with a preponderant role in the consumption.

Suggested Citation

  • Liana SON & Iudith MOISE & Iulia PARA, 2009. "The Sustainable Importance Of Remittances And Their Role In Economic Development. The Case Of Romania," Romanian Journal of Economics, Institute of National Economy, vol. 28(1(37)), pages 113-133, June.
    • Handle: RePEc:ine:journl:v:1:y:2009:i:37:p:113-133
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    More about this item

    Keywords

    international migration; remittances; economic development;
    All these keywords.

    JEL classification:

    • J0 - Labor and Demographic Economics - - General
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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