Грошові перекази мігрантів Республіки Молдова: шлях до виживання чи шанс на успіх?

2009 р., спільно з І. Міліцькою

Like other related studies the findings show that the differences in marginal spending patterns of spending between remittance-receiving and non-receiving households are fairly small. Unlike most other studies this paper claims that this is a misleading conclusion due household heterogeneity. We claim that the size and significance of the differences in spending patterns are affected by the remittances share in the household budget. We found that remittances do not increase the marginal propensity to invest, moreover, the higher is the dependence on the remittances   the lower is on the margin the inclination to invest. This finding means that policy makers should not put a lot of hope on remittances as a source of investment. Instead, the extra purchasing power coming from remittances is used for consumer durables and services, significantly contributing to the reduction of poverty in Moldova and boosting demand for local goods and services. Remittances significantly increase the marginal propensity to save. Moreover, the larger is the share of remittances in the budget the higher is the marginal propensity to save. This finding corresponds to a higher marginal propensity to save out of more risky and volatile income sources. We argue that heterogeneity of remittance receiving households can explain the variation in the views on the role of remittances.

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Викладач, Старший науковий співробітник
Ph.D., університет ш.Кентукі, 2006