<abstract xmlns="http://www.w3.org/1999/xhtml">
<p>Migrations of the resident population in Serbia, with the Western European countries as the main destination, have influenced remittances becoming an important source of income from abroad. Relevant economic literature, as well as the influential views expressed in the international financial institutions’ reports, indicate that remittances are a more stable type of inflow of funds from abroad to developing countries compared to other types of capital movements. In addition to the positive economic effects of remittances, they also play a significant role in the balance of payments deficit reduction. The subject of this research refers to the examination of the role of remittances in financing the current account deficit in Serbia. The research goal is to explore whether the importance of remittances as a factor in the balance of payments deficit reduction in Serbia increased in the period 2007-2021. The results of the research show that remittances have become an important factor in current account deficit reduction in Serbia during the observed period.</p>
</abstract>

Migrations of the resident population in Serbia, with the Western European countries as the main destination, have influenced remittances becoming an important source of income from abroad. Relevant economic literature, as well as the influential views expressed in the international financial institutions’ reports, indicate that remittances are a more stable type of inflow of funds from abroad to developing countries compared to other types of capital movements. In addition to the positive economic effects of remittances, they also play a significant role in the balance of payments deficit reduction. The subject of this research refers to the examination of the role of remittances in financing the current account deficit in Serbia. The research goal is to explore whether the importance of remittances as a factor in the balance of payments deficit reduction in Serbia increased in the period 2007-2021. The results of the research show that remittances have become an important factor in current account deficit reduction in Serbia during the observed period.

The Role of Remittances in Financing the Current Account Deficit: The Case of Serbia

Naše gospodarstvo/Our economy

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Migrations of the resident population in Serbia, with the Western European countries as the main destination, have influenced remittances becoming an important...

The Role of Remittances in Financing the Current Account Deficit: The Case of Serbia

Data publikacji: 04 paź 2023

Zakres stron: 35 - 44

Otrzymano: 01 lip 2023

Przyjęty: 01 wrz 2023

DOI: https://doi.org/10.2478/ngoe-2023-0016

Słowa kluczowe
Migrations, Remittances, Current account, Balance of payments, Serbia

© 2023 Božidar Čakajac et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The Role of Remittances in Financing the Current Account Deficit: The Case of Serbia

Data publikacji: 04 paź 2023

Zakres stron: 35 - 44

Otrzymano: 01 lip 2023

Przyjęty: 01 wrz 2023

DOI: https://doi.org/10.2478/ngoe-2023-0016

Słowa kluczoweMigrations, Remittances, Current account, Balance of payments, Serbia

© 2023 Božidar Čakajac et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Słowa kluczowe
Migrations, Remittances, Current account, Balance of payments, Serbia