MODELING THE RELATIONSHIP OF THE MIGRATION PHENOMENON AND THE FACTORS OF SUSTAINABLE DEVELOPMENT

Abstract

The migration phenomenon is often perceived as a threat to social cohesion, due to the emergence of new groups of people from different backgrounds and cultures, which unbalance the communities in the host countries, exposing their values and culture, which can lead to alter the identity of the community. The economic and social transition has affected the population and demographic phenomena. The aging of the population also has effects on social security systems by putting pressure on public budgets. Immigration can be considered a potential solution to the aging population, but many other issues need to be considered here as well. In Romania, the structure of migratory flows can support economic growth through the inflow of financial capital following the transfer of remittances and the increase of domestic consumption, while contributing to reducing economic and social inequalities among the population and reducing the unemployment rate nationwide. Thus, in order to represent the impact of the migration phenomenon in Romania, the connection between the number of migrants and the elements related to the welfare level of the population were analyzed from an econometric point of view.