Session
Management, Business and Economics
Description
Migration continues to be a very pronounced and very complex phenomenon in the world. Also, Kosovo continues to face a large number of migrants in different countries of the world for economic, social and political reasons. Diaspora has an important role in the development of the country in several forms, but one of the most common forms are remittances. The purpose of this paper is to show the impact of remittances on economic growth in Kosovo. The techniques that used to study this research are panel data. The study uses quarterly secondary data for the period 2010-2020. Remittances are an important mechanism for economic growth in Kosovo. The positive effects of remittances are also observed in the facilitation of health care, education, welfare and general living conditions, but given the trend of economic development in the world including the pandemic and many other elements, it is likely that remittances will not be stable in the coming years, therefore, at the end of the paper, recommendations are given on possible policies on predestination of remittances, reduction of bank transfer fees, especially from Germany and Switzerland, return of migrants and investments in Kosovo.
Keywords:
Economic Growth, International Emigration, Remittances.
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-550-47-5
Location
UBT Kampus, Lipjan
Start Date
30-10-2021 12:00 AM
End Date
30-10-2021 12:00 AM
DOI
10.33107/ubt-ic.2021.548
Recommended Citation
Gjikolli, Fidane Spahija and Krasniqi, Rrahman, "The impact of remittances on economic growth in Kosovo" (2021). UBT International Conference. 1.
https://knowledgecenter.ubt-uni.net/conference/2021UBTIC/all-events/1
Included in
The impact of remittances on economic growth in Kosovo
UBT Kampus, Lipjan
Migration continues to be a very pronounced and very complex phenomenon in the world. Also, Kosovo continues to face a large number of migrants in different countries of the world for economic, social and political reasons. Diaspora has an important role in the development of the country in several forms, but one of the most common forms are remittances. The purpose of this paper is to show the impact of remittances on economic growth in Kosovo. The techniques that used to study this research are panel data. The study uses quarterly secondary data for the period 2010-2020. Remittances are an important mechanism for economic growth in Kosovo. The positive effects of remittances are also observed in the facilitation of health care, education, welfare and general living conditions, but given the trend of economic development in the world including the pandemic and many other elements, it is likely that remittances will not be stable in the coming years, therefore, at the end of the paper, recommendations are given on possible policies on predestination of remittances, reduction of bank transfer fees, especially from Germany and Switzerland, return of migrants and investments in Kosovo.