<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The phenomenon of globalization has greatly influenced migration in recent years in the European Union. In this article we aim to analyze the benefits of migration in the economy by emphasizing the impact of remittances on the economic development of a country. Remittances are considered as an external source of important, stable funds that help the economic development of a country. We identify also the macroeconomic determinants of remittances. For the statistical and econometric analysis of these factors, we have chosen to use the Panel Data Regression for the countries of the European Union. To analyze the benefits of remittances, the most appropriate macroeconomic indicator is GDP. So in the first part of the article we will present the impact of globalization and migration on remittances, and in the second part we will highlight the economic growth through the presence of remittances. This article examines the role of migrants as a particular segment of the market and as a resource for development. All aspects to be analyzed will outline an overview of population emigration and factors that influence the development of the economy at a time when globalization is on the rise.</p></abstract>

The phenomenon of globalization has greatly influenced migration in recent years in the European Union. In this article we aim to analyze the benefits of migration in the economy by emphasizing the impact of remittances on the economic development of a country. Remittances are considered as an external source of important, stable funds that help the economic development of a country. We identify also the macroeconomic determinants of remittances. For the statistical and econometric analysis of these factors, we have chosen to use the Panel Data Regression for the countries of the European Union. To analyze the benefits of remittances, the most appropriate macroeconomic indicator is GDP. So in the first part of the article we will present the impact of globalization and migration on remittances, and in the second part we will highlight the economic growth through the presence of remittances. This article examines the role of migrants as a particular segment of the market and as a resource for development. All aspects to be analyzed will outline an overview of population emigration and factors that influence the development of the economy at a time when globalization is on the rise.

The economic impact of migration in the Era of Globalization

The Bucharest University of Economic Studies

Proceedings of the International Conference on Applied Statistics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"The economic impact of migration in the Era of Globalization"}

The phenomenon of globalization has greatly influenced migration in recent years in the European Union. In this article we aim to analyze the benefits of...

The economic impact of migration in the Era of Globalization

Publicado en línea: 13 feb 2020

Páginas: 304 - 311

DOI: https://doi.org/10.2478/icas-2019-0027

Palabras clave
globalization, remittances, migration, GDP, Panel Data Regression

© 2019 Diana Valentina Lupoiu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The economic impact of migration in the Era of Globalization

Publicado en línea: 13 feb 2020

Páginas: 304 - 311

DOI: https://doi.org/10.2478/icas-2019-0027

Palabras claveglobalization, remittances, migration, GDP, Panel Data Regression

© 2019 Diana Valentina Lupoiu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Palabras clave
globalization, remittances, migration, GDP, Panel Data Regression