TBU Publications
Repository of TBU Publications

Migrant remittances and their impact on the economic development of the Baltic States

DSpace Repository

Show simple item record

dc.title Migrant remittances and their impact on the economic development of the Baltic States en
dc.contributor.author Rausser, Gordon
dc.contributor.author Strielkowski, Wadim
dc.contributor.author Bilan, Yuriy
dc.contributor.author Tsevukh, Yuliia
dc.relation.ispartof Geographica Pannonica
dc.identifier.issn 0354-8724 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2018
utb.relation.volume 22
utb.relation.issue 3
dc.citation.spage 165
dc.citation.epage 175
dc.type article
dc.language.iso en
dc.publisher University of Novi Sad, Faculty of Sciences
dc.identifier.doi 10.5937/22-16988
dc.identifier.doi 10.5937/gp22-16988
dc.relation.uri http://aseestant.ceon.rs/index.php/geopan/article/view/16988
dc.subject Baltic States en
dc.subject Econometric modeling en
dc.subject International migration en
dc.subject Labor market en
dc.subject Remittances en
dc.description.abstract This paper studies the determinants of international migration and remittances in the Baltic States (represented hereinafter by Lithuania, Latvia, and Estonia). The research reveals a critical view on migrant remittances in terms of macroeconomic development and social conditions in the society of each country involved into our research. In order to investigate and to demonstrate the impact of migrant remittances on GDP and consumption compared with current account balance, minimal wages, and foreign direct investment in the Baltic countries, econometric modeling based on the data of Eurostat, World Bank, and the National banks of the Baltic States has been employed. The results of this research clearly demonstrate that remittances sent by the migrants have high and positive impact on economic development in Lithuania, Latvia, and Estonia. Moreover, the findings stemming from this study confirm that minimum wages in the Latvia and Lithuania are far more important determinants of economic development than remittances. © 2018 Department of Geography, Tourism and Hotel Management. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1008254
utb.identifier.obdid 43878354
utb.identifier.scopus 2-s2.0-85054684089
utb.identifier.wok 000445941100001
utb.source j-scopus
dc.date.accessioned 2018-11-01T09:32:10Z
dc.date.available 2018-11-01T09:32:10Z
dc.rights Attribution 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Bilan, Yuriy
utb.fulltext.affiliation Gordon Rausser A , Wadim Strielkowski A* , Yuriy Bilan B , Yuliia Tsevukh C A Department of Agricultural and Resource Economics, University of California, Berkeley, Giannini Hall, Berkeley, CA 94720, United States B Centre of Applied Economic Research, Faculty of Management and Economics, Tomas Bata University in Zlin, Mostní 5139, 760 01, Zlin, Czech Republic C Department of World Economy and International Economic Relations, Odessa National I.I. Mechnikov University, Dvoryanskaya str. 2, 65082 Odessa, Ukraine * Corresponding Author. E-mail: strielkowski@berkeley.edu
utb.fulltext.dates Received: March 28, 2018 | Revised: June 13, 2018 | Accepted: June 25, 2018
utb.fulltext.references Agunias, D.R. (2006). Remittances and Development: Trends, Impacts and Policy Options: A Review of the Literature. Washington, D.C.: Migration Policy Institute. Angioloni, S., Kudabaev, Z., Ames, G.C.W., & Wetzstein, M. (2018). Household allocation of microfinance credit in Kyrgyzstan. Post-Communist Economies, 30(1), 78-98. doi:10.1080/14631377.2017.1361691 Chvátalová, I. (2016). Social policy in the European Union. Czech Journal of Social Sciences, Business and Economics, 5(1), 37-41. doi: 10.24984/cjssbe.2016.5.1.4 Gapen, M.T., Chami, R., Montiel, P., Barajas, A., & Fullenkamp, C. (2009). Do Workers’ Remittances Promote Economic Growth. IMF Working Papers, 09(153), 1. doi:10.5089/9781451873009.001 Chami, R., Barajas, A., Cosimano, T., Fullenkamp, C., Gapen, M., & Montiel, P. (2008). Macroeconomic consequences of remittances (p. 259). Washington, DC: International Monetary Fund. Cohen, J.H. (2005). Remittance outcomes and migration: Theoretical contests, real opportunities. Studies in Comparative International Development, 40(1), 88-112. doi:10.1007/bf02686290 Davis, C.M. (2016). The Ukraine conflict, economic–military power balances and economic sanctions. Post-Communist Economies, 28(2), 167-198. doi:10.1080/14631377.2016.1139301 Dietz, B. (2009). Migration, remittances and the current economic crisis: Implications for Central and Eastern Europe (No. 42). Institut für Ost-und Südosteuropaforschung [Institute for East and South-east European Studies]. Eurostat. (2015). Statistical Database. http://ec.europa.eu/eurostat/data/database. Ghosh, B. (2006). Migrants’ Remittances and Development: Myths, Rhetoric and Realities. Geneva: International Organization for Migration/The Hague, Process on Refugees and Migration. Giuliano, P., & Ruiz-Arranz, M. (2009). Remittances, financial development, and growth. Journal of Development Economics, 90(1), 144-152. doi:10.1016/j.jdeveco.2008.10.005 Hazans, M. (2003). Determinants of Inter-Regional Migration in the Baltic Countries. SSRN Electronic Journal,doi:10.2139/ssrn.742184 Hazans, M., & Philips, K. (2009). The Post-Enlargement Migration Experience in the Baltic Labor Markets. In M. Kahanec & K.F. Zimmermann (Eds.), EU Labor Markets After Post-Enlargement Migration. (pp. 255-304). Berlin, Heidelberg: Springer Nature. doi:10.1007/978-3-642-02242-5_10 International Monetary Fund. (2015). eLibrary Data. Balance of Payments Statistics. Available at: http://elibrary-data.imf.org/DataReport.aspx?c=7183654&d=33061&e=170784. Jędrzejowska-Schiffauer, I., & Schiffauer, P. (2017). New constraints on mobility in Europe: Policy response to European crises or constitutional ambiguity? Journal of International Studies, 10(3), 9-23. doi:10.14254/2071-8330.2017/10-3/1 Kaczmarczyk, P., & Okólski, M. (2008). Economic impacts of migration on Poland and the Baltic states. Oslo: Fafo Institute for Labor and Social Research. Kahanec, M., & Zimmermann, K.F. (2011). The Post-Enlargement Migration Experience in the Baltic Labor Market. Budapest, Hungary: Central European University; Bratislava, Slovakia: Institute for the Study of Labor (IZA), CELSI; Bonn, Germany: Bonn University. Kahanec, M., & Zaiceva, A. (2009). Labor market outcomes of immigrants and non‐citizens in the EU. International Journal of Manpower, 30(1/2), 97-115. doi:10.1108/01437720910948429 Kahanec, M., Zaiceva, A., & Zimmermann, K.F. (2009). Lessons from Migration after EU Enlargement. In M. Kahanec & K.F. Zimmermann (Eds.), EU Labor Markets After Post-Enlargement Migration. (pp. 3-45). Berlin, Heidelberg: Springer Nature. doi:10.1007/978-3-642-02242-5_1 Klicek, S., & Loncar, J. (2016). Analysis of migration trends and functions of areas inhabited by Roma: Example of Medjimurje county (Croatia) and the settlement of Kursanec. Geographica Pannonica, 20(4), 227-241. doi:10.5937/geopan1604227k Levitt, P. (1998). Social Remittances: Migration Driven Local-Level Forms of Cultural Diffusion. International Migration Review, 32(4), 926. doi:10.2307/2547666 Martinez, C., Cummings, M.E., & Vaaler, P.M. (2014). Economic Informality and the Venture Funding Impact of Migrant Remittances to Developing Countries. Journal of Business Venturing, doi:10.2139/ssrn.2500375 Massey, D.S. (2003). Patterns and processes of international migration in the 21st century. In Conference on African Migration in Comparative Perspective. Johannesburg, South Africa. Massey, D.S., Arango, J., Hugo, G., Kouaouci, A., Pellegrino, A., & Taylor, J.E. (1993). Theories of International Migration: A Review and Appraisal. Population and Development Review, 19(3), 431. doi:10.2307/2938462 Matuzeviciute, K., & Butkus, M. (2016). Remittances, Development Level, and Long-Run Economic Growth. Economies, 4(4), 28. doi:10.3390/economies4040028 Melnikas, B. (2008). Integration processes in the Baltic region: the new form of regional transformations in the European Union. Engineering economics, 60(5). Mikalauskiene, A., Streimikiene, D., Mazutaityte-Cepanoniene, E. (2017). Employers’ Openness to Labour Immigrants. Economics and Sociology, 10(3), 25-45. doi:10.14254/2071-789X.2017/10-3/2 Mishra, U.S., Singhania, D. (2014). Contrasting the Levels of Poverty against the Burden of Poverty: An Indian Case. International Economics Letters, 3(2), 26-35.doi: 10.24984/iel.2014.3.2.1 Meyer, D., & Shera, A. (2017). The impact of remittances on economic growth: An econometric model. EconomiA, 18(2), 147-155. doi:10.1016/j.econ.2016.06.001 OECD. (2006). International Migrant Remittances and their Role in Development. In International Migration Outlook, SOPEMI. Edition, Part III, pp. 139-161. Paas, T., Eamets, R., Masso, J., & Room, M. (2003). Labour Market Flexibility and Migration in the Baltic States: Macro Evidences. Working Paper Series, University of Tartu, Faculty of Economics & Business Administration. doi:10.2139/ssrn.419902 Rapoport, H., & Docquier, F. (2006). The economics of migrants’ remittances. Handbook of the economics of giving, altruism and reciprocity, 2, 1135-1198. Amsterdam: North Holland. Ratha, D. (2005). Workers’ remittances: an important and stable source of external development finance. In Remittances: Development impact and future prospects, Economics Seminar Series. 19-51; Paper 9, Available at: http://repository.stcloudstate.edu/econ_seminars/9. Rausser, G., & Strielkowski, W. (2013). International Labour Migration and Structural Channels: A Case Study of Ukrainian Working Migrants in the Czech Republic. Ekonomický časopis, 10, 1034-1052. Sabia, J. (2015). Do minimum wages stimulate productivity and growth. IZA World of Labor, (221). http://wol.iza.org/articles/do-minimum-wages-stimulate-productivity-and-growth. Stojanov, R., Strielkowski, W., & Drbohlav, D. (2011). Labour migration and remittances: current trends in times of economic recession. Geografie, 116(4); 375-400. Strielkowski, W., & Sanderson, M. (2013). Structural channels for Ukrainian labour migration in the Czech Republic. Trames. Journal of the Humanities and Social Sciences, 17(3), 313. doi:10.3176/tr.2013.3.06 Strielkowski, W., & Weyskrabova, B. (2013). Ukrainian Labour Migration and Remittances in the Czech Republic. Tijdschrift voor economische en sociale geografie, 105(1), 30-45. doi:10.1111/tesg.12052 Streimikienė, D., Strielkowski, W., Bilan, Y., & Mikalauskas, I. (2016). Energy dependency and sustainable regional development in the Baltic states: A review. Geographica Pannonica, 20(2), 79-87. doi:10.5937/geopan1602079s Trošt, M., & Bojnec, Š. (2016). Export-led growth: the case of the Slovenian and Estonian economies. Post-Communist Economies, 28(3), 373-383. doi:10.1080/14631377.2016.1184425 UNCTAD. (2015). FDI Statistics. http://unctad.org/en/Pages/DIAE/FDI%20Statistics/FDI-Statistics.aspx. World Bank. (2013). Migration and Remittance Flows in Europe and Central Asia: Recent Trends and Outlook (2013-2016). http://www.worldbank.org/en/news/feature/2013/10/02/migration-and-remittance-flows-in-europe-and-central-asia-recent-trends-and-outlook-2013-2016. World Bank. (2015). Migration and Remittances: Recent developments and outlook. Migration and Development Brief. http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-and-remittances-publications. World Bank. (2016). Migration and Remittances Factbook, 3rd edition. http://siteresources.worldbank.org/INTPROSPECTS/Resources/334934-1199807908806/4549025-1450455807487/Factbookpart1.pdf
utb.fulltext.sponsorship -
utb.wos.affiliation [Rausser, Gordon; Strielkowski, Wadim] Univ Calif Berkeley, Dept Agr & Resource Econ, Giannini Hall, Berkeley, CA 94720 USA; [Bilan, Yuriy] Tomas Bata Univ Zlin, Fac Management & Econ, Ctr Appl Econ Res, Mostni 5139, Zlin 76001, Czech Republic; [Tsevukh, Yuliia] Odessa Natl II Mechnikov Univ, Dept World Econ & Int Econ Relat, Dvoryanskaya Str 2, UA-65082 Odessa, Ukraine
utb.scopus.affiliation Department of Agricultural and Resource Economics, University of California, Berkeley, Giannini Hall, Berkeley, CA 94720, United States; Centre of Applied Economic Research, Faculty of Management and Economics, Tomas Bata University in Zlin, Mostní 5139, Zlin, 760 01, Czech Republic; Department of World Economy and International Economic Relations, Odessa National I.I. Mechnikov University, Dvoryanskaya str. 2, Odessa, 65082, Ukraine
utb.fulltext.projects -
Find Full text

Files in this item

Show simple item record

Attribution 4.0 International Except where otherwise noted, this item's license is described as Attribution 4.0 International