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Migrant workers’ remittances: what is the impact on the economic and financial development of Sub-Saharan African countries?

Author

Listed:
  • Rocher, E.
  • Pelletier, A.

Abstract

Workers’ remittances can have an impact on growth and fi nancial development in recipient countries, notably in Africa, provided there is increased formalisation of money transfer channels and implementation of targeted structural reforms in these countries.

Suggested Citation

  • Rocher, E. & Pelletier, A., 2008. "Migrant workers’ remittances: what is the impact on the economic and financial development of Sub-Saharan African countries?," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 13, pages 103-120, Autumn.
    • Handle: RePEc:bfr:quarte:2008:13:06
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    References listed on IDEAS

    as
    1. Mr. Sanjeev Gupta & Ms. Catherine A Pattillo & Ms. Smita Wagh, 2007. "Impact of Remittances on Poverty and Financial Development in Sub-Saharan Africa," IMF Working Papers 2007/038, International Monetary Fund.
    2. Ralph Chami & Connel Fullenkamp & Samir Jahjah, 2005. "Are Immigrant Remittance Flows a Source of Capital for Development?," IMF Staff Papers, Palgrave Macmillan, vol. 52(1), pages 55-81, April.
    3. Lucas, Robert E B & Stark, Oded, 1985. "Motivations to Remit: Evidence from Botswana," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 901-918, October.
    4. HwaJung Choi, 2007. "Are Remittances Insurance? Evidence from Rainfall Shocks in the Philippines," The World Bank Economic Review, World Bank, vol. 21(2), pages 219-248, May.
    5. International Monetary Fund, 2006. "Union of the Comoros: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2006/385, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Gniniguè, Moukpè & Awade, Essossolim, 2023. "Diaspora as Driver of Agricultural Structural Transformation in West Africa," African Journal of Economic Review, African Journal of Economic Review, vol. 11(3), June.
    2. Safaa Tabit & Charaf-Eddine Moussir, 2017. "Impact Of Migrants' Remittances On Economic Growth: Case Of Morocco," Post-Print hal-01449502, HAL.
    3. Moukpè Gniniguè & Essossinam Ali, 2022. "Migrant Remittances and Economic Growth in ECOWAS Countries: Does Digitalization Matter?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(5), pages 2517-2542, October.
    4. Metzger, Martina & Riedler, Tim & Pédussel Wu, Jennifer, 2019. "Migrant remittances: Alternative money transfer channels," IPE Working Papers 127/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    5. Zakia Batool & Muhammad Haroon & Sajjad Ali & Rashid Ahmad, 2022. "Remittances and Economic Growth: Exploring the Role of Financial Development," iRASD Journal of Management, International Research Alliance for Sustainable Development (iRASD), vol. 4(1), pages 127-134, March.
    6. A. Nurul Hossain & Syed Hasanuzzaman, 2013. "Remittances and investment nexus in Bangladesh: an ARDL bounds testing approach," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 60(4), pages 387-407, December.

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    More about this item

    Keywords

    Sub-Saharan Africa; growth; development fi nancing; fi nancial sector; migrant workers’ remittances.;
    All these keywords.

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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