Remittance. Forecasting methodology and instruments

Abstract

Remittances generally reduce the level and severity of poverty and lead to: higher human capital accumulation; improved access to formal financial sector services; enhanced small business investment; more entrepreneurship. Remittances are playing an increasingly large role in the economy of Republic of Moldova, contributing to economic growth and to the livelihoods of less prosperous people. In this context, a special role lies this flow forecasting. Considering these facts, the article aims to describe econometric estimation of money transfers associated with remittances.