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Remittances, spending, and political instability in Ukraine

Publication at Faculty of Social Sciences, Faculty of Mathematics and Physics, Centre for Economic Research and Graduate Education |
2016

Abstract

This paper offers an analysis of remittances sent by Ukrainian emigrants to their country of origin. It explores how far the expenditure on remittances by individual Ukrainians and the total amount of all remittances received from abroad has been dependent on the political situation of the Orange Revolution and Presidential Elections in Ukraine in 2004.

The author then investigated what effect the political instability in Ukraine had on how households there used such remittances. She used the results of a nationally representative survey of households in Ukraine to compare individual decisions to invest money received from remittances, and how those decisions depended on individual political views and future expectations.

Changes in emigrants' expectations might increase emigrants' willingness to offer financial support to relatives remaining in Ukraine.