Ве молиме користете го овој идентификатор да го цитирате или поврзете овој запис: http://hdl.handle.net/20.500.12188/26614
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dc.contributor.authorBucevska, Vesnaen_US
dc.contributor.authorNaumoski, Aleksandaren_US
dc.date.accessioned2023-05-29T10:18:41Z-
dc.date.available2023-05-29T10:18:41Z-
dc.date.issued2023-01-
dc.identifier.citationVesna Bucevska & Aleksandar Naumoski (2023): Remittances, FDI and economic growth: the case of South-East European countries, Post-Communist Economies, DOI: 10.1080/14631377.2023.2169520en_US
dc.identifier.urihttp://hdl.handle.net/20.500.12188/26614-
dc.description.abstractSouth-East European countries rely heavily on remittances and FDI as external sources of financing. Hence, an investigation of the behaviour of remittances and FDI during the business cycle and their impact on economic growth is of crucial importance. To achieve this objective, we first analyse the cyclical nature of remittances and FDI flows in Albania, Bosnia and Herzegovina, Croatia, Montenegro, the Republic of North Macedonia, and Serbia (SEE6) during their business cycles in the 2008q1-2021q2 period. Second, we investigate the causal link among these variables, and find out that although at the aggregate level remittances and FDI move synchronously and in the same direction as the business cycle, there are considerable variations across countries. Following Dumitrescu-Hurlin Panel Granger causality test, we find that for most SEE6 there is a bidirectional causal relationship between remittances and economic growth, i.e. economic growth is caused by remittances, and GDP growth also stimulates remittances.en_US
dc.language.isoenen_US
dc.publisherTaylor & Francisen_US
dc.relation.ispartofPost-Communist Economiesen_US
dc.subjectRemittances; foreign direct investment; economic growth; Dumitrescu-Hurlin Granger panel; South-East European countriesen_US
dc.titleRemittances, FDI and economic growth: the case of South-East European countriesen_US
dc.typeArticleen_US
dc.identifier.doi10.1080/14631377.2023.2169520-
item.fulltextWith Fulltext-
item.grantfulltextopen-
crisitem.author.deptFaculty of Economics-
crisitem.author.deptFaculty of Economics-
Appears in Collections:Faculty of Economics 03: Journal Articles / Статии во научни списанија
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