Research
Exploring the Nexus between Migrant Remittances and Economic Growth: A Study of Senegal
In this study, we assess the relationship between migrant remittances and economic growth in Senegal. The analysis utilized on an econometric approach using the ARDL bound testing method as an estimation technique. The estimation period is from 1980 to 2018. Overall, the estimates show a negative relationship between remittances and economic growth and an insignificant effect in the long run, while the nexus between economic growth and investment is positive in the long term. This provides the prospect of a study on the analysis of the impact on the economic growth of reallocation of remittances from consumption needs to savings-investment purposes.
Consumption-Savings Trade-Off in the Allocation of Migrants; Remittances and Economic Growth: The Cases of Burkina Faso and Senegal
The objective of this research is to assess the impact on growth of reallocating migrant remittances for savings/investment purposes. It focuses on two countries in the ‘West African Economic and Monetary Union (WAEMU)' zone (Burkina Faso and Senegal). The methodological approach adopted is dynamic Computable General Equilibrium (CGE) modeling that integrates a procedure for reallocating remittances. Simulation results show that an increase in the propensity to save as a result of reallocation of remittances received by households for savings purposes leads to an increase in economic growth.
