Capital flows impact on labor market: how do FDIs and remittances effect youth employment in Bosnia and Herzegovina?

Figures & data

Table 1. Dataset before transformation (monetary aggregates are in BAM).

Variable	FDI mill.(Q)	Remittance mill.(M)	Wages (M)	IP (M)	Employment (M)	Youth Employment (Y)
Mean	398	63.6	813.8	103.3	704437	55700
Median	364.2	62.73	823.5	102.76	699618.69	52000
St. Dev.	263.2	13.75	29.4	5.54	22034.32	11063.9
Min	41.7	35.16	677	93.38	650507.62	43000
Max	1337.5	121.78	860	116.25	775378.91	78000

Table 2. Sign restrictions - sign of output’s reaction and time for which restriction is applied.

Variable	Sign of the reaction	K (months for which restriction is applied)
Differences of FDI	+	min = 1, max = 3
Differences of remittances	+	min = 2, max = 3

Figure 1. FDI as shock – total employment (68% band that is approximately one standard deviation).

Figure 2. Remittances as shock - total employment (68% band that is approximately one standard deviation).

Figure 3. FDI as shock - youth employment (68% band that is approximately one standard deviation).

Figure 4. Remittances as shock - youth employment (68% band that is approximately one standard deviation).