Canaux de transmission des effets des envois de fonds des migrants sur la croissance économique en Afrique subsaharienne

Cocou Jaurès Amegnaglo, Augustin Foster Chabossou and Bernard-Didier Benissan

Mondes en développement, 2024, vol. n° 205, issue 1, 31-50

Abstract: Remittances from migrant workers have become the most important funding stream in many developing countries. This study assessed the influence of migrant remittances on the economic growth of sub-Saharan African states by highlighting the transmission channels. It used panel data from thirty-four countries covering the period 2000-2020, through a dynamic panel approach of system-GMM. Results show no evidence of a marginal effect of remittances on economic growth but they identify financial development and institutional quality as transmission channels. In addition, the results show that these two channels act as substitutes for remittances. Therefore, economic policies aiming to facilitate financial transfers should remedy the shortcomings of the financial and institutional system.

Keywords: transmission channel; economic growth; remittances; GMM; international migration (search for similar items in EconPapers)
Date: 2024
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