ECONOMIC EFFECTS OF DYNAMICS IN MIGRATION PROCESSES

Tetyana Melnyk, Oksana Losheniuk

Abstract


Considerable interstate movements of the labor force are taking place in nowadays world economy due to the reasons of economic and non-economic character. It makes the governments all over the world find mechanisms and take measures concerning the regulation of international labor migration. In this regard, it is impossible to use the complex approach of search without investigating the macroeconomic effect of this phenomenon to find out the major social and economic determinants. Economic effects have a significant impact on economies of donor and recipient countries. An important indicator for investigating the economic effect of international labor migration is money transfers. They cause redistribution of net benefits from emigration between labor importing and labor-exporting countries, as well as they, facilitate the GDP growth, the creation of new workplaces, investment processes and business development, and stimulate housing mortgage crediting. The negative effects of remittances on the economy of the donor country stipulate the stimulation of price increase on goods and services, the formation of the greater dependence of the donor country’s economy on the labor force emigration, the reduction of probable governmental investments or foreign investments. In case of an appropriately constructed policy, the negative effects of international labor migration decrease while the positive impact on national economy increases. The article determines the effects of international labor migration and provides recommendations as for maximization of the positive impact of international labor migration on countries’ economies all over the world.


Keywords


economic effects, remittances, international labor migration, emigration, transfers

Full Text:

PDF

References


Bollard, A. (n.d.). Remittances and the Brain Drain Revisited. Retrieved from http://siteresources.worldbank.org/INTTRADERESEARCH/Resources/544824-1323963330969/8322197-323963890461/Bollard_McKenzie_Morten_Rapoport.pdf

Drinkwater, S. (n.d.). Labor Market and Investment Effects of Remittances. Retrieved from http://www.econ.surrey.ac.uk/Research/scies/papers/2006/labor%20market.pdf

Haidutskyi, A. (2010). Migratory transfers in the system of the international capital market: a synopsis of the thesis of Doctor of Economics: 08.00.02. The Taras Shevchenko National University of Kyiv.

Kolosnitsyna, M. (2005). International Labor Migration: Theoretical Issues and Regulation. In Journal of the Higher School of Economics(4), pp. 543–565.

Libanova, E., & Paliy, O. (2004). Labor market and social protection. Kyiv: Osnovy.

Migration and remittances. (2016). Factbook 2016. Retrieved from http://siteresources.worldbank.org/INTPROSPECTS/Resources/334934-1199807908806/4549025-1450455807487/Factbookpart1.pdf

Migration models. (n.d.). Retrieved from http://www.novelguide.com/a/discover/epop_02/epop_02_00230.html

Mochernyi, S. (2001). Economic Encyclopedia (Vol. 3). Kyiv: The Academy.

Poirine, B. (1997). A Theory of Remittances as an Implicit Family Loan Arrangement. World Development, 25(4), pp. 589-611.

Shevchuk, V. (n.d.). Migration processes as an instrumental factor of the regional trap of stagnation. Retrieved from http://mev.lac.lviv.ua/downloads/vyklad/shevch/region-07-5Lutsk15.pdf

Skilled immigration in OECD regions. (n.d.). Retrieved from http://www.oecd-ilibrary.org/urban-rural-and-regional-development/oecd-regions-at-aglance-2011/skilled-immigration-in-oecd-regions_reg_glance-2011-15-enjsessionid=qtyo0kbglln0.x-oecd-live-01

Slobodian, O. (n.d.). What do we know about the regional distribution of remittances? Retrieved from http://www.cedos.org.ua/uk/migration/shcho-my-znaiemo-pro-rehionalnyi-rozpodil-hroshovykh-perekaziv

State Statistics Service of Ukraine. (n.d.). Retrieved from http://www.ukrstat.gov.ua/

Sytarchuk, E. (2010). The economic functions of migration in developing the capacity of the labor market. In Terra Economicus, 8. P. 2(4), pp. 25–29.

The Major Tendencies in the Labor Market. (2015). Retrieved from http://www.dcz.gov.ua/statdatacatalog/document?id=350794

Zagulyaev, D. (2010). The concept of the international wage workers labor-market regulation from the point of view of the rental character of the world economy. In Bulletin of South Ural State University(7), pp. 4–10.

Zayonchkovskaya, Z., Molodikova, I., & Mukomel, V. (2007). The methodology and methods of studying migration processes. The interdisciplinary manual. Moscow: The Centre for Migration Research.


Refbacks

  • There are currently no refbacks.