Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/314351 
Authors: 
Year of Publication: 
2024
Citation: 
[Journal:] Economy, Business and Development: An International Journal (EB&D) [ISSN:] 2671-3470 [Volume:] 5 [Issue:] 2 [Year:] 2024 [Pages:] 1-14
Publisher: 
Ss. Cyril and Methodius University in Skopje, Faculty of Economics, Skopje
Abstract: 
This research aims to investigate the impact of remittances on economic growth in Central and Southeastern Europe by employing panel unobserved effects methodology across twelve selected countries within the region (CSEE-12). Our motivation arises from the fact that these countries are among the highest recipients of private remittances in Europe, suggesting that such financial inflows could potentially have a significant influence on fostering their economic growth. The empirical findings provide evidence that remittances indeed exert a positive and significant direct effect on economic growth in the analyzed group of countries, along with some of the other standard growth factors, such as physical and human capital.
Subjects: 
Central and Southeastern Europe
economic growth
panel estimation
Remittances
JEL: 
F21
F43
C23
O47
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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