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Development and side effects of remittances in the CIS countries : the case of Republic of Moldova
(European University Institute, 2013) Stratan, Alexandru; Chistruga, Marcel; Clipa, Victoria; Fala, Alexandru; Septelici, Viorica
Migration is a longstanding phenomenon. However, the impact of remittances on the countries of origins, makes migration a topic of special interest for many researchers. In the Republic of Moldova remittances have become a much discussed and much analyzed subject, Moldova ranking among the economies with the highest share of remittances in terms of GDP. What is more, remittances, unlike FDI, external trade and other sources of income, seem to have a significant impact on economic growth. Within the present work an attempt has been made to capture the positive and negative spillovers that migrants’ remittances have on a country’s socio-economic development. The study summarises previous findings and data sources related to remittances and their influence on the economy. Moreover, authors investigate the link between remittances and economic growth, investments, inflation, employment, human capital and poverty. The study combines the theoretical background with an analysis of the real trends and fluctuations in the Moldovan economy.