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Sustainability
Article . 2022 . Peer-reviewed
License: CC BY
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Sustainability
Article . 2022
Data sources: DOAJ
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Forecasting the Effect of Migrants’ Remittances on Household Expenditure: COVID-19 Impact

Authors: Lei Zhang; Yang Chen; Oleksii Lyulyov; Tetyana Pimonenko;

Forecasting the Effect of Migrants’ Remittances on Household Expenditure: COVID-19 Impact

Abstract

The unexpected pandemic has provoked changes in all economic sectors worldwide. COVID-19 has had a direct and indirect effect on countries’ development. Thus, the pandemic limits the movements of labour forces among countries, restricting migrants’ remittances. In addition, it provokes the reorientation of consumer behaviour and changes in household expenditure. For developing countries, migrant remittances are one of the core drivers for improving household wellbeing. Therefore, the paper aims to analyse how the COVID-19 pandemic has affected household expenditure in Ukraine, as being representative of a developing country. For this purpose, the data series were compiled for 2010 to the second quarter of 2021. The data sources were as follows: Ministry of Finance of Ukraine, The World Bank, and the State Statistics Service of Ukraine. The core variables were as follows: migrants’ remittances and expenditure of households by the types. The following methods were applied to achieve the paper’s aims: the Dickey–Fuller Test Unit Root and the ARIMA model. The findings confirmed that COVID-19 has changed the structure of household expenditure in Ukraine. Considering the forecast of household expenditure until 2026, it was shown that due to changes in migrants’ remittances, household expenditure in all categories tends to increase. The forecasted findings concluded that household expenditure on transport had the most significant growth due to changing migrants’ remittances.

Country
Ukraine
Keywords

expenditure, Environmental effects of industries and plants, pandemic, consumer, COVID-19, TJ807-830, TD194-195, Renewable energy sources, behaviour, household, Environmental sciences, GE1-350, consumption

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    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
27
Top 10%
Average
Top 10%
Green
gold