Economics, Entrepreneurship, Management
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Item Estimation of labor migration impact on the economy of sending country(Видавництво Львівської політехніки, 2021-03-01) Chernobay, L.; Yessirkepova, A.; Malibroda, S.; Lviv Polytechnic National University; Academy of Public Administration under the President of the Republic of KazakhstanThis paper provides a theoretical framework for estimating the labor migration impact on the economy of sending country. The overall emigration impact includes two effects, which can be calculated separately, i.e., a departure effect and a remittances effect. The departure effect causes a negative impact on the economy by decreasing autonomous consumption. The remittances effect causes a positive impact by increasing disposable income and thus internal consumption and savings and imports. Calculations include the multiplier effect. The labor emigration impact on GDP is calculated as a difference between a positive remittances effect and a negative departure effect. The analysis is conducted for countries that are not at full employment.