Emigration and Its Economic Impact on Eastern Europe

Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
Cover of the book Emigration and Its Economic Impact on Eastern Europe by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei ISBN: 9781498367455
Publisher: INTERNATIONAL MONETARY FUND Publication: July 20, 2016
Imprint: Language: English
Author: Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
ISBN: 9781498367455
Publisher: INTERNATIONAL MONETARY FUND
Publication: July 20, 2016
Imprint:
Language: English
This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While emigration has likely benefited migrants themselves, the receiving countries and the EU as a whole, its impact on sending countries’ economies has been largely negative. The analysis suggests that labor outflows, particularly of skilled workers, lowered productivity growth, pushed up wages, and slowed growth and income convergence. At the same time, while remittance inflows supported financial deepening, consumption and investment in some countries, they also reduced incentives to work and led to exchange rate appreciations, eroding competiveness. The departure of the young also added to the fiscal pressures of already aging populations in Eastern Europe. The paper concludes with policy recommendations for sending countries to mitigate the negative impact of emigration on their economies, and the EU-wide initiatives that could support these efforts.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While emigration has likely benefited migrants themselves, the receiving countries and the EU as a whole, its impact on sending countries’ economies has been largely negative. The analysis suggests that labor outflows, particularly of skilled workers, lowered productivity growth, pushed up wages, and slowed growth and income convergence. At the same time, while remittance inflows supported financial deepening, consumption and investment in some countries, they also reduced incentives to work and led to exchange rate appreciations, eroding competiveness. The departure of the young also added to the fiscal pressures of already aging populations in Eastern Europe. The paper concludes with policy recommendations for sending countries to mitigate the negative impact of emigration on their economies, and the EU-wide initiatives that could support these efforts.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Finance & Development, March 1994 by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book Modernizing Cash Management (EPub) (PDF Download) by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book Housing Finance and Real-Estate Booms by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book The Structural Crisis in the Swedish Economy: Role of Labor Markets by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book World Economic Outlook, October 2014: by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book The Nordic Banking Crisis: Pitfalls in Financial Liberalization by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book World Economic Outlook, October 2012: Coping with High Debt and Sluggish Growth (EPub) by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book Inflation Targeting - What is the Meaning of the Bottom of the Band? by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book (Why) Should Current Account Balances Be Reduced? by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book Choosing an Exchange Rate Regime: The Challenge for Smaller Industrial Countries by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book Orderly and Effective Insolvency Procedures by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book Multilateral Aspects of Managing the Capital Account (EPub) by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book Foreign Private Investment in Developing Countries by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book Gauging Risks for Deflation by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
Cover of the book Trade and Trade Policies in Eastern and Southern Africa by Ruben Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy