Současná Evropa 2017, 2017(2):4-17

Remittances and Economic Cycles - Evidence from 11 Transition Countries

Cristina Procházková Ilinitchi

Studie se zabývá výzkumem cyklického vztahu remitencí a vývoje HDP v 11 zemích, které byly v období 1993 až 2015 příjemcem remitencí. Závěrem je prokázání spíše procyklického vztahu v případě tranzitivních ekonomik, v případě 4 zemí došlo k snížení remitencí v případě poklesu HDP (a naopak). Pouze v případě jedné země byl identifikován proticyklický vztah. Šest zbývajících zemí nevykazuje žádný vztah mezi ekonomickým cyklem a vývojem remitencí. Závěrečná část statě popisuje možné vysvětlení těchto zjištění se zaměřením na možnou korelaci mezi HDP vysílajícího a přijímajícího státu.

Keywords: remitence, hospodářský cyklus, migrace, tranzitivní země

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.

Keywords: Remittances, Economic cycle, Migration, Transition countries
JEL classification: E32, F22, F24, F32, F35

Published: December 1, 2017  Show citation

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Procházková Ilinitchi, C. (2017). Remittances and Economic Cycles - Evidence from 11 Transition Countries. Contemporary Europe, 2017(2), 4-17
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