Valetka, Uladzimir - 2014
remittances in Belarus. Our main finding, based on VAR modelling, is that we cannot consider remittances as a driver of economic … responds negatively to remittances growth (p-value is 0.005). To some extent this may be a result of a productivity decrease … conditioned by possible brain-drain effects. Remittances appear to be strongly pro-cyclical with respect to Russian GDP and mildly …