Abstract
Data of the worker‘s remittance flow in the period of 2000-2010 were employed to analyze the impact of remittances on macroeconomic indicators of the Kyrgyz Republic. To study the underlying issue, linear correlation method was used. Results showed that great portion of remittances has been directed into consumption rather than to investment. Moreover, remittance spending is channeled into consumption of imported goods, thus raising the trade deficit of a country. Their impact on economic effectiveness of Kyrgyzstan presents that given the low propensity to invest, they finance consumption and cause high consumption ratio with respect to investment ratio
Keywords
remittance labor migration macroeconomic indicators linear correlation method investments economic effectiveness
References
- Bespalov D.A. (2009) ―Labor migration as a factor of socio-economic development (in case of Kyrgyzstan); Kyrgyzstan, Bish- kek‖ 2009, p 19
- Glytsos, (2001) ―Dynamic Effects of Mi- grant Remittances on Growth: An Econ- ometric Model with an Application to Mediterranean
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Abstract
References
- Bespalov D.A. (2009) ―Labor migration as a factor of socio-economic development (in case of Kyrgyzstan); Kyrgyzstan, Bish- kek‖ 2009, p 19
- Glytsos, (2001) ―Dynamic Effects of Mi- grant Remittances on Growth: An Econ- ometric Model with an Application to Mediterranean
- Greece: Center of Planning and Econom- ic Research, 2001
- Massey et al. 1998; Adams 1991; Taylor 1999; Woodruff and Zenteno 2007; de Haas 2006. Cited by Hein de Haas, Remit- tances, migration and social development: a conceptual review of the litera- ture,2007,p 14
- Puri and Ritzema, Migrant Worker Remit- tances, Micro-finance and the Informal Economy: Prospects and issues; Working paper No. 21, International Labor Office (ILO), Geneva.1999.
- Samagan Aitymbekov, (2005) ―Emigrant remittances: Impact of remittances on economic development of Kyrgyzstan‖, 2005; p.21
- United Nations Economic and Social Commission for Asia and the Pacific, ‗Ex- ternal Financing in South Asia: The Re- mittances Option‘, 2010, ARTNeT Policy Brief, No. 23, Bangkok, p 127
- http://www.nbkr.kg/index1.jsp?item=13
- &lang=RUS, Balance of payments NBKR, 14.06.2012
- http://stat.kg/index.php?option=com_co
- ntent&task=view&id=25&Itemid=101,
- National Accounts, National Statistics committee 14.06.2012
- http://www.worldbank.org/statistics September 2012 y.
Details
| Other ID | JA93PE34VE |
|---|---|
| Journal Section | Research Article |
| Authors | |
| Publication Date | May 1, 2012 |
| Submission Date | May 1, 2012 |
| Published in Issue | Year 2012 Volume: 4 Issue: 56 |