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European Journal of Economic and Financial Research ISSN: 2501-9430 ISSN-L: 2501-9430 Available on-line at: http://www.oapub.org/soc Volume 2 │ Issue 5 │ 2017 doi: 10.5281/zenodo.926648 REMITTANCES AS AN IMPORTANT SOURCE OF INCOME IN KOSOVO Gentiana M. Mjaku1i, Gresa M. Mjaku2 University of Pristina "Hasan Prishtina", Pristina, Kososvo 1 Tax Administration of Kosovo Economics, South East European University, Tetovo, Macedonia 2 University "Kadri Zeka", Gjilan, Kosovo Abstract: 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. JEL: D10, F24, E64 Keywords: remittances, incomes, Kosovar families Copyright © The Author(s). All Rights Reserved. © 2015 – 2017 Open Access Publishing Group 13 Gentiana M. Mjaku, Gresa M. Mjaku THE DEVELOPMENT OF DEBT TO EQUITY RATIO IN CAPITAL STRUCTURE MODEL: A CASE OF NIGERIAN MANUFACTURING FIRMS 1. Introduction In the transition process after the 1990s, Kosovo faced the migration phenomena due to political and socio-economic conditions. As an economy, Kosovo has a high dependency on the remittances from the immigrants abroad. A survey on remittances shows that remittances have contributed positively to all regions, but it had a higher impact in least developed regions, thus reducing the inequality in average income per capita. In 2016, Kosovo received 566.6 million euros from remittances. It results that about 400,000 Kosovars are living abroad. This is due to three major migration waves: in the late 1960s, early 1990s, and during the armed conflict of 1998-1999. Migration and remittances from the diaspora have been dedicated to secure their livelihoods in a country that has the highest unemployment and poverty rates in Europe. In the early literature, dualistic on economic development, labour migration outside the rural sector and industrial production was considered uniformly as the key to modernization and revenue growth. For downloading the full article, please access the following link: https://oapub.org/soc/index.php/EJEFR/article/view/202 European Journal of Economic and Financial Research - Volume 2 │ Issue 5 │ 2017 14