The relationship between net migration and financial inclusion in Romania

Abstract

Romania has been going through a unique demographic transition resulting in depopulation, partially due to consistently high emigration and low immigration rates. The population leaving has been predominantly those of working age. At the same time, Romania has also seen a stagnated financial inclusion growth rate between 2011 and 2017. This research explores the relationship between the age-group-specific net migration rates and age-group-specific financial inclusion rates provided by Findex. These age groups, which have a significantly strong relationship between net migration and financial inclusion, illustrate the impact of migration on financial inclusion rates. Age groups 25-29, 35-39, 40-44, and 45-49 have shown significantly strong inverse correlations between net migration and financial inclusion.