The Impact of Remittances on the Economy of Albanians
Authors
Dr. Alerta Basha, Prof. Dr. Ana Kapaj
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Annotation
According to[1]” Remittances, usually understood as the money or goods that migrants send back to families and friends in origin countries, are often the most direct and well-known link between migration and development “. Despite Global Headwinds, remittances Grow 5% in 2022 (World Bank, 2023).
The paper is based on the theoretical and empirical literature on emigration and remittances, reports, and studies carried out by the main institutions such as the World Bank, INSTAT, and Bank of Albania, but also by various Albanian and foreign authors. For the descriptive analysis and the construction of the regression model, the database was provided by the survey of 300 individuals in the area of Tirana. The survey was conducted through a pre-structured interview, which was distributed online to about N=400 individuals. The collected data were processed with the SPSS statistical program. This study emphasizes that remittances constitute an important item in Albania's balance of payments statistics, a fact that is highlighted by the relative weight that this item has in terms of Gross Domestic Product (GDP) and other macroeconomic indicators.
[1] Remittances, https://www.migrationdataportal.org/themes/remittances ,2023.
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Authors
Dr. Alerta Basha, Prof. Dr. Ana Kapaj
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