Remittances Flow and Economic Growth during the Pandemic: A Conceptual Review

Abstract

This study is based on an empirical overview of recent published papers during the period (2020 – 2022). Therefore, this paper uses Scopus data base to investigate the potential impact of the effect that COVID-19 have on several macroeconomic indicators. This collection of articles examines the effects of the pandemic on the economic growth and the remittance flows in various countries and regions around the world, including Albania, Mexico, Zimbabwe, South America, Burkina Faso, Ukraine, India, and Kosovo. The studies explore the impact of the pandemic on household welfare, expenditure, and economic growth, as well as the resilience and countercyclical nature of remittance flows. The findings highlight the necessity for creative and robust policy responses to maintain the developmental consequences of remittance flow and to improve the stability and resilience of remittance-dependent families and economies, in addition to emphasize the relevance of remittances as a source of external finance for developing nations.