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Migration, Remittances, and the Financing of Development

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  • Yao, Koffi Yves
  • Kouakou, Auguste Konan

Abstract

This paper examines the essential role of migration and remittances in development across sub-Saharan Africa, with a particular focus on Côte d’Ivoire. It demonstrates that these financial flows help alleviate poverty and stabilise the economy in the short term while fostering long-term development through investments in human capital, entrepreneurship, and social protection. However, several challenges persist: excessive reliance on remittances may hinder local productivity, weaken exports, and increase import dependency. The paper recommends policies aimed at economic diversification, enhanced financial inclusion, reduced transfer costs, and better-coordinated migration policies to maximise the developmental benefits of remittances.

Suggested Citation

  • Yao, Koffi Yves & Kouakou, Auguste Konan, 2025. "Migration, Remittances, and the Financing of Development," MPRA Paper 123655, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:123655
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    References listed on IDEAS

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    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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