Publication:
Have Remittances Affected Real Unit Labor Costs in the Transition Economies of Eastern Europe, the South Caucasus, and Central Asia?

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dc.contributor.authorOkello, Jimmy Apaa
dc.contributor.authorBrownbridge, Martin
dc.contributor.authorCanagarajah, Sudharshan
dc.date.accessioned2021-01-21T15:43:14Z
dc.date.available2021-01-21T15:43:14Z
dc.date.issued2021-01
dc.description.abstractTwelve of the 29 transition economies in Europe and Central Asia are high remittance recipients, with average remittance receipts equivalent to 5 percent or more of their gross domestic product in the 2010s. The paper examines the evolution, during the 2000s and 2010s, of real unit labor costs, denominated in local currency and U.S. dollars, of the transition economies. Local currency and U.S. dollar real unit labor costs rose much faster between 2003 and 2015-17 in the high remittance recipient economies than in the other transition economies, although there was considerable variance between the countries in the high remittance recipient group. Among the high remittance recipients, approximately half of the increase in real unit labor costs denominated in U.S. dollars can be attributed to increases in local currency real unit labor costs and half to appreciation of their real exchange rates. Fixed effects and cross-country econometric estimates suggest that remittances had a positive and significant impact on the changes in domestic currency real unit labor costs in the transition economies.en
dc.identifierhttp://documents.worldbank.org/curated/en/305811611083394794/Have-Remittances-Affected-Real-Unit-Labor-Costs-in-the-Transition-Economies-of-Eastern-Europe-the-South-Caucasus-and-Central-Asia
dc.identifier.doi10.1596/1813-9450-9513
dc.identifier.urihttps://hdl.handle.net/10986/35027
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9513
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectREMITTANCES
dc.subjectLABOR COSTS
dc.subjectLABOR MARKET
dc.subjectTRANSITION ECONOMIES
dc.titleHave Remittances Affected Real Unit Labor Costs in the Transition Economies of Eastern Europe, the South Caucasus, and Central Asia?en
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleHave Remittances Affected Real Unit Labor Costs in the Transition Economies of Eastern Europe, the South Caucasus, and Central Asia?
okr.date.disclosure2021-01-19
okr.date.doiregistration2025-04-10T11:10:37.087219Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/305811611083394794/Have-Remittances-Affected-Real-Unit-Labor-Costs-in-the-Transition-Economies-of-Eastern-Europe-the-South-Caucasus-and-Central-Asia
okr.guid305811611083394794
okr.identifier.doi10.1596/1813-9450-9513
okr.identifier.externaldocumentum090224b0881de8b3_1_0
okr.identifier.internaldocumentum32761213
okr.identifier.reportWPS9513
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/305811611083394794/pdf/Have-Remittances-Affected-Real-Unit-Labor-Costs-in-the-Transition-Economies-of-Eastern-Europe-the-South-Caucasus-and-Central-Asia.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.geographicalCentral Asia
okr.region.geographicalEastern Europe
okr.region.geographicalEurope and Central Asia
okr.statistics.combined1291
okr.statistics.dr305811611083394794
okr.statistics.drstats431
okr.topicPoverty Reduction::Migration and Development
okr.topicSocial Protections and Labor::Labor Markets
okr.unitEurope and Central Asia Region VPU
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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