The Impact of Remittances of Ukrainian Migrants on the Stabilisation of the Economy During the Covid Crisis

International labour migration is a global process that has affected the populations of all countries and continents. Today, migrants face a new additional barrier – the COVID-19 pandemic, which has drastically affected all forms of human mobility. Today, labour-based migration from Ukraine is direc...

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Autores principales:	Iryna Gerlach, Lilia Ukraynets
Formato:	article
Lenguaje:	EN
Publicado:	Center for Europe, Warsaw University 2021
Materias:	labour migration remittances migration ukrainians european union covid-19 crisis Political science J
Acceso en línea:	https://doaj.org/article/25d280cafcb4491a913eb8cd4a9ce750
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spelling	oai:doaj.org-article:25d280cafcb4491a913eb8cd4a9ce7502021-11-04T09:27:57ZThe Impact of Remittances of Ukrainian Migrants on the Stabilisation of the Economy During the Covid Crisis10.33067/SE.3.2021.61428-149Xhttps://doaj.org/article/25d280cafcb4491a913eb8cd4a9ce7502021-10-01T00:00:00Zhttps://www.ce.uw.edu.pl/pliki/pw/3-2021-Gerlach.pdfhttps://doaj.org/toc/1428-149XInternational labour migration is a global process that has affected the populations of all countries and continents. Today, migrants face a new additional barrier – the COVID-19 pandemic, which has drastically affected all forms of human mobility. Today, labour-based migration from Ukraine is directed mainly to EU Member States. The main motives for international labour migration is the potential of earning money, financial security of the family etc. Accordingly, the consequence of international migration is the infl ow of money into the country of migrant origin. Remittances from migrant workers are an important source of income for Ukraine. Despite the COVID-19 pandemic, there has been an increase in migrant remittances, contributing to the development of households, human potential, the reduction of poverty and inequality, and the inflow of foreign currency. This article proposes an econometric model of the impact of migrant remittances on the stabilisation of the country’s economy during the pandemic. As a result of the calculations, it was found that the income from people working abroad initially reduces the deviation of GDP from the equilibrium trend, but over time there is a clear procyclical impact. This feature is favourable for the Ukrainian economy and may mean that migrant transfers in times of crisis help to overcome the effects of global economic downturns.Iryna GerlachLilia UkraynetsCenter for Europe, Warsaw Universityarticlelabour migrationremittancesmigrationukrainianseuropean unioncovid-19crisisPolitical scienceJENStudia Europejskie, Vol 25, Iss 3, Pp 99-114 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	labour migration remittances migration ukrainians european union covid-19 crisis Political science J
spellingShingle	labour migration remittances migration ukrainians european union covid-19 crisis Political science J Iryna Gerlach Lilia Ukraynets The Impact of Remittances of Ukrainian Migrants on the Stabilisation of the Economy During the Covid Crisis
description	International labour migration is a global process that has affected the populations of all countries and continents. Today, migrants face a new additional barrier – the COVID-19 pandemic, which has drastically affected all forms of human mobility. Today, labour-based migration from Ukraine is directed mainly to EU Member States. The main motives for international labour migration is the potential of earning money, financial security of the family etc. Accordingly, the consequence of international migration is the infl ow of money into the country of migrant origin. Remittances from migrant workers are an important source of income for Ukraine. Despite the COVID-19 pandemic, there has been an increase in migrant remittances, contributing to the development of households, human potential, the reduction of poverty and inequality, and the inflow of foreign currency. This article proposes an econometric model of the impact of migrant remittances on the stabilisation of the country’s economy during the pandemic. As a result of the calculations, it was found that the income from people working abroad initially reduces the deviation of GDP from the equilibrium trend, but over time there is a clear procyclical impact. This feature is favourable for the Ukrainian economy and may mean that migrant transfers in times of crisis help to overcome the effects of global economic downturns.
format	article
author	Iryna Gerlach Lilia Ukraynets
author_facet	Iryna Gerlach Lilia Ukraynets
author_sort	Iryna Gerlach
title	The Impact of Remittances of Ukrainian Migrants on the Stabilisation of the Economy During the Covid Crisis
title_short	The Impact of Remittances of Ukrainian Migrants on the Stabilisation of the Economy During the Covid Crisis
title_full	The Impact of Remittances of Ukrainian Migrants on the Stabilisation of the Economy During the Covid Crisis
title_fullStr	The Impact of Remittances of Ukrainian Migrants on the Stabilisation of the Economy During the Covid Crisis
title_full_unstemmed	The Impact of Remittances of Ukrainian Migrants on the Stabilisation of the Economy During the Covid Crisis
title_sort	impact of remittances of ukrainian migrants on the stabilisation of the economy during the covid crisis
publisher	Center for Europe, Warsaw University
publishDate	2021
url	https://doaj.org/article/25d280cafcb4491a913eb8cd4a9ce750
work_keys_str_mv	AT irynagerlach theimpactofremittancesofukrainianmigrantsonthestabilisationoftheeconomyduringthecovidcrisis AT liliaukraynets theimpactofremittancesofukrainianmigrantsonthestabilisationoftheeconomyduringthecovidcrisis AT irynagerlach impactofremittancesofukrainianmigrantsonthestabilisationoftheeconomyduringthecovidcrisis AT liliaukraynets impactofremittancesofukrainianmigrantsonthestabilisationoftheeconomyduringthecovidcrisis
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The Impact of Remittances of Ukrainian Migrants on the Stabilisation of the Economy During the Covid Crisis

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