The Impact of Remittances on Socio-Economic Development-The Case of Kosova

Type Journal Article - EJES European Journal of Economics and Business Studies Articles
Title The Impact of Remittances on Socio-Economic Development-The Case of Kosova
Author(s)
Volume 6
Publication (Day/Month/Year) 2016
Page numbers 161-168
URL http://journals.euser.org/files/articles/ejes_sep_dec_16/qendrese.pdf
Abstract
Another important indicator of a country’s economic development is the inflation and the unemployment rate,
and according to the latest report of Kosova Agency of Statistics, the percentage of unemployment in Kosova is
around 30.9% and this is an indicator that the unemployment rate has been reduced compared to the previous
years, on the other hand, the number of families receiving remittances is decreased for 2.6% compared to 2011
according to a ASK report.1 Also the number of startups in 2012 has increased to 7,8792 which created new
jobs. So, remittances re very important especially for developing countries such as Kosova. Taking into
consideration the fact that Kosova is in the development phase, and the standard of living is very low, the
number of population seeking to migrate is increasing continuously. According to statistics, the number of male
migrants is higher compared with female igrants and rural settlements have shown an increase in migration
compared to urban settlements. Our community is convinced that diaspora is an indicator in the economic
development of our country, such as skills development for knowledge that they would benefit from, education,
for consumption and commercial investments, all these for a higher standard of living.

Related studies

»