Estimation of labor migration impact on the economy of sending country

Date

2021-03-01

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Publisher

Видавництво Львівської політехніки
Lviv Politechnic Publishing House

Abstract

This 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.

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Keywords

international migration, labor emigration, impact estimation, GDP, consumption, savings

Citation

Chernobay L. Estimation of labor migration impact on the economy of sending country / L. Chernobay, A. Yessirkepova, S. Malibroda // Economics, Entrepreneurship, Management. — Lviv : Lviv Politechnic Publishing House, 2021. — Vol 8. — No 2. — P. 1–7.

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