Migrant Remittances and their Impact on the Economic Development of the Baltic States

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F18%3A63519438" target="_blank" >RIV/70883521:28120/18:63519438 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.5937/gp22-16988" target="_blank" >http://dx.doi.org/10.5937/gp22-16988</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5937/gp22-16988" target="_blank" >10.5937/gp22-16988</a>

Result language

angličtina

Original language name

Migrant Remittances and their Impact on the Economic Development of the Baltic States

Original language description

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.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Geographica Pannonica

ISSN

0354-8724

e-ISSN

—

Volume of the periodical

2018, 22

Issue of the periodical within the volume

3

Country of publishing house

RS - THE REPUBLIC OF SERBIA

Number of pages

11

Pages from-to

165-175

UT code for WoS article

000445941100001

EID of the result in the Scopus database

2-s2.0-85054684089