| Title: | The role of remittances in financing the current account deficit : the case of Serbia |
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| Authors: | ID Čakajac, Božidar (Author)
ID Janković, Nenad (Author)
ID Luković, Stevan (Author) |
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| Files: |  https://journals.um.si/index.php/oe/article/view/3171
https://journals.um.si/index.php/oe/article/view/3171
 RAZ_Cakajac_Bozidar_2023.pdf (552,77 KB)
MD5: 3FB2658471B1641FD330B31E01AF1382
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | Migrations of the resident population in Serbia, with the Western European
countries as the main destination, have influenced remittances becoming an
important source of income from abroad. Relevant economic literature, as well
as the influential views expressed in the international financial institutions’
reports, indicate that remittances are a more stable type of inflow of funds from
abroad to developing countries compared to other types of capital movements.
In addition to the positive economic effects of remittances, they also play a
significant role in the balance of payments deficit reduction. The subject of
this research refers to the examination of the role of remittances in financing
the current account deficit in Serbia. The research goal is to explore whether
the importance of remittances as a factor in the balance of payments deficit
reduction in Serbia increased in the period 2007-2021. The results of the
research show that remittances have become an important factor in current
account deficit reduction in Serbia during the observed period. |
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| Keywords: | migrations, remittances, current account, balance of payments, Serbia |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Publication date: | 04.10.2023 |
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| Year of publishing: | 2023 |
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| Number of pages: | str. 35-44 |
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| Numbering: | Vol. 69, no. 3 |
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| PID: | 20.500.12556/DKUM-92954-2a5e8ab3-19b0-1053-1165-f13673c42b3d  |
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| UDC: | 339.72(497.11) |
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| ISSN on article: | 0547-3101 |
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| COBISS.SI-ID: | 195356675 |
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| DOI: | 10.2478/ngoe-2023-0016 |
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| Publication date in DKUM: | 28.05.2025 |
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| Views: | 141 |
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| Downloads: | 6 |
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| Metadata: |    |
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| Categories: | Misc.
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