The impact of COVID-19 on the remittances: a systematic literature review

Abstract

Abstract Purpose: This paper aims to provide a comprehensive review of the impact of COVID-19 on remittances, focusing on its economic, social, and policy implications based on the findings of 26 recent studies.

Design/methodology/approach: A systematic review of 26 studies on the impact of COVID-19 on remittances was conducted, the search process uses the Scopus database to analyze research published between (2020-2022) covering a range of countries and regions, using various methodologies.

Findings: The findings show that COVID-19 has significantly impacted remittances, leading to a decline in their flow and affecting the economic and social well-being of households and countries reliant on them. The paper identifies various policy implications and responses to the challenges posed by COVID-19 to remittance flows and their recipients.

Research limitations/implication: This paper is limited by the availability and focus of recent studies on the impact of COVID-19 on remittances. Further research is needed to explore the long-term effects of the pandemic on remittances and their recipients.

Practical implications: This paper's findings and policy recommendations can inform the design and implementation of policies to support remittance flows and their recipients during and after the pandemic.

Originality/value: This paper provides a timely and comprehensive review of the impact of COVID-19 on remittances, highlighting its economic, social, and policy implications, and contributes to the literature on remittances and their role in economic development and resilience.