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Remittances Contribution To Sustainable Economic Development: Case Of Republic Moldova

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  • STRATAN, Alexandru

    (National Institute for Economic Research, Academy of Sciences of Moldova, Chişinău, Republic of Moldova)

Abstract

Despite the magnitude and in, some cases, the major role remittances do have in many economies all over the world, the monitoring and estimation of these flows, as well their impact on home economies pose a lot of challenges for specialists in this area. We found that, concerning Republic of Moldova, no data exists on the real volume of the money transfers made by Moldovan emigrants to the country. All data rely on indirect measures produced by local and international institutions and think tanks that can be used to make an approximation of the volume of these flows, their structural characteristics and spillovers on country’s social and economic development. The main sources in this context are: the Balance of Payments elaborated by the National Bank of Moldova that is considered the most relevant source to make an estimation of remittances’ volume; the Household Budget Survey carried out by the National Bureau of Statistics (NBS) that presents data on remittances share on resident households income.

Suggested Citation

  • STRATAN, Alexandru, 2014. "Remittances Contribution To Sustainable Economic Development: Case Of Republic Moldova," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 1(1), pages 10-18.
    • Handle: RePEc:vls:rojfme:v:1:y:2014:i:1:p:10-18
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    References listed on IDEAS

    as
    1. Jens Reinke, 2007. "Remittances in the balance of payments framework: current problems and forthcoming improvements," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Financial aspects of migration: the measurement of remittances, The IFC's contribution to the IAOS Conference, 6-8 September 2006, volume 27, pages 10-23, Bank for International Settlements.
    2. Nicholas P. Glytsos, 2005. "The contribution of remittances to growth: A dynamic approach and empirical analysis," Journal of Economic Studies, Emerald Group Publishing, vol. 32(5), pages 468-496, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic growth; exports; exchange rate; imports; investments; inflation; remittances;
    All these keywords.

    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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