Logistic Regression as Instrument for Analyzing Influence of Remittances on Economic Growth

In the article, the influence of remittances on economics growth in Ukraine was researched. In order to conduct the research the logistics regression was applied. Volumes of consumption, export and import were included into the logistics model as variables, which contribute to calculation of GDP. By changing remittances, we identified their level, which will lead to GDP growth. Specifically, it was found out that economic growth would be achieved if remittances will increase by 2% ceteris paribus.