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This study aims to explain the positive role played by remittances in terms of development and their impact on income. In practice, remittances are regular payments of emigrants (workers who send money to their families in the country of origin). In the largest number of cases, remittances are transfers between people living in developed and developing countries, so with lower living standard. International emigration from Kosovo is among the highest in the world. Today, every third or fourth family has a family member living abroad. Based on empirical studies and measurements, world literature concludes that in the early stages of migration, migrant income is used at large as a livelihood for benefiting families, such as the needs for food, clothing, and health care. For the purpose of this paperwork primary data, (Survey) and secondary data are used. I've uses a questionnaire structured with closed questions. The model used is - the experimental study, the sample that is used is a deliberate champion. As a conclusion, remittances help in reducing private consumption and improve living conditions, as well as help to overcome financial constraints for investment in education and health, which are then reflected in poverty alleviation for beneficiaries.
2023 •
The purpose of the paper is to study the role and impact of Remittances in supporting the economy of Kosovo. The study presents a detailed examination of the role of remittances as a source of financial support, as a complementary source of internal Investments, as well as the impact of remittances on the microeconomy and macroeconomy. The study also focused on immigrants' investments channel the funds into productive activities for generating income or increasing employment, the characteristics of Kosovar emigration, the assessment of the size, the geographical extent, the socioeconomic aspect of Kosovar emigrants and the identification of the driving factors for migration abroad, assessing the potential of remittances and finding opportunities for their orientation in function of the country's development, identification of driving and stimulating factors for maximizing shipments and channeling them from non-productive consumption to investments in the development of productive business in the country, review of experiences in other countries regarding the use and management of remittances as a factor of economic development, etc, creation of appropriate policies regarding immigration, incentives for investments, reduction of fees for the transfer of remittances and providing ongoing administrative support and other facilities. Based on the analyzes that were conducted during the work, we discover the effects and impacts of remittances on the well-being of recipients such as: improving their lives, poverty alleviation, employment growth, raising the educational level and improvement in health condition. Through the implementation of such policies, the diaspora could contribute more efficiently to raising human and financial capital, to economic growth and to the creation of new jobs in Kosovo.
In globalism period, when the migration of the population is informal, migration and remittances have played an extraordinary important role on the socio-economy development of the country. As in many places that are in transition phase and in Kosovo remittance have played a positive role on the development of the country, considering the great number of the diaspora living in foreign countries. Even in the world's greatest crises, remittance has been the main pillar of a country, mainly for those countries under development. They are considered as primary incomes for many families of the countries under development and those in transitions, too. According to the researches performed during last years, it is argued that the remittance increase effect on the economic development of the country. During this paperwork will be explained the theory and practice aspects on the role of remittances on the development of such countries that receive them.
International Journal of Management Excellence
Management of remittances and their role in economic development in Kosovo2020 •
In the Republic of Kosovo remittances have been and continue to be one of the contributors to economic development and have served as a source of household income. Remittances at the national as well as at the global level are an essential element of combating poverty, and can be said to represent one of the largest flows of financial resources at the global level. The main purpose of this article is to analyze the impact of remittances on economic growth, present the comparability of remittance trends over the years, remittance management, in the Kosovo case. The findings of the study should serve as an important input in improving the management of remittance policies and strategies by the Kosovo government in order to increase the impact of remittances on Kosovo's economic development. Trend analysis shows that remittances in Kosovo continued to grow steadily from 2005 to 2018; remittances were greater in 2015 worth € 772 million, one of the main reasons for remittances to Ko...
Volume 7, Issue 1 - May
Remittances: Importance and effect in the economy during the pandemic covid19 -The case of KosovoRemittances sent by the Kosovo diaspora have been and remain an important source of income for families in Kosovo. The paper deals with issues related to remittances sent to Kosovo, including the analysis of their economic effect before and during Covid19. The main purpose of this paper is to analyze remittances in Kosovo and the effect of remittances on the economy of the last years in the Republic of Kosovo. In different periods, remittances sent to Kosovo have played an important role in the economic aspect, especially they remain an important source of financing for households in Kosovo. Given that Kosovo after the last war remains among the countries with a low level of development and high unemployment, the special importance and economic effect of remittances in Kosovo has been and remains of special importance, affecting the consumption and well-being of families in Kosovo. Diaspora plays an important role in the economy of Kosovo by sending remittances, presenting an important potential not only for family economies but also for the economy of Kosovo in general. To send their funds, the diaspora uses different ways, which are generally formal and informal ways of sending money. We consider that the results and recommendations obtained from this study should be taken into account by the relevant institutions.
Remittances are an important source of external funding. They have a positive impact, both at the microeconomic level, like for the welfare of the household, and at the macroeconomic level, like in the growth of the domestic economy. Remittances are current transfers in cash or in other forms or money received by resident households from non-resident households. The purpose of this paper is to discover the impact of remittances on the welfare of the household in the Prizren region. For this reason, an online questionnaire with 160 participants was conducted by selecting the non-random sampling method. According to the results obtained, remittances play an important role in the households of the Prizren region because most of these remittances are used for food consumption, education and clothing. At the end of hypothesis testing it is found that there is an important relationship between the residence and the frequency of receiving remittances, and people living in both, urban and rural areas receive remittance in different frequencies. However, no significant relationship has been found between the gender and frequency of receiving remittances. The research mainly has a descriptive nature of the effect of remittances on households.
Mediterranean Journal of Social Sciences
The Effect Remittances Have on the Living Standards of Albanians and on Country’s GDP2013 •
2012 •
Kosovo as many other states in the region is known for its high dependency on remittances. Due to the social and political turmoil that Kosovo was facing from the Yugoslav state authorities during the 1980’s and especially during the 1990s, many people lost their jobs, having as a drastic increase of the number of Kosovars migrating abroad. The civil war of 1999 contributed even more to this trend. In general, the migration wave from Kosovo to developed countries of Western Europe such as Germany, Switzerland, Austria, Italy and other developed countries such as USA was motivated by both political and economical factors. The high level of unemployment, high poverty rates, and the low standard of living made people pursue a better life somewhere else. Now more than 20% of Kosovars live outside Kosovo, which are more than 400,000 people. Following the massive conflict-related and war-related emigration, remittances became and continue to be a significant source of household income. Fo...
nternational migration should become an integral part of national, regional and global strategies for economic growth, in both the developing and developed world.The number of international migrants, or people residing in a country other than their country of birth, has increased more or less linearly over the past 40 years. International migration has attracted a great deal of policy attention in recent years, Moreover, for many developing countries, remittances have become a critical form of financing their balance of payments. While remittances are generally pro-poor, their effects are greatest on transient poverty. However, the long-term effects on structural poverty are less clear, principally because the consequences of remittances on long- term economic development are not well understood. The role that migrants play in promoting development and poverty reduction in countries of origin, as well as the contribution they make towards the prosperity of destination countries, should be recognized and reinforced. The paper aims to analyze the capability of international migration to reach the poor and increase their income levels and also suggest measures for Inclusive Development
Frontiers in Psychology
The coherent organization of mental life depends on mechanisms for context-sensitive gain-control that are impaired in schizophrenia2013 •
2015 •
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