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Remittances and Economic Cycles - Evidence from 11 Transition Countries

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  • Cristina Procházková Ilinitchi

Abstract

The paper investigates the nature of cyclicality between remittances and the GDP in 11 remittance receiving countries over the period 1993-2015. The findings show that remittances towards transition countries seem to be rather procyclical, in 4 countries there is a downturn in remittances when GDP decreases and vice-versa. Only in one country remittances are found to be countercyclical. For the remaining 6 countries, no pattern of cyclicality is found, the character of remittances being assessed as acyclical. The final part of the paper discusses possible explanations for these findings focusing on possible correlation of the sending and receiving countries' GDP.

Suggested Citation

  • Cristina Procházková Ilinitchi, 2017. "Remittances and Economic Cycles - Evidence from 11 Transition Countries," Současná Evropa, Prague University of Economics and Business, vol. 2017(2), pages 4-17.
    • Handle: RePEc:prg:jnlsev:v:2017:y:2017:i:2:id:146:p:4-17
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    More about this item

    Keywords

    Remittances; Economic cycle; Migration; Transition countries; remitence; hospodářský cyklus; migrace; tranzitivní země;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F35 - International Economics - - International Finance - - - Foreign Aid

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