Remittances and economic growth: what channels of transmission? (In French)

This article examines the effect of remittances on economic growth, highlighting the main transmission channels. Using the SGMM method, estimates based on data from 27 developing countries show that remittances have a positive and significant effect on economic growth. The results don’t allow drawing any definitive conclusion concerning the investment channel, but confirm that the remittances speed up the accumulation of human capital, and thereby stimulate growth. The human capital channel has also an indirect effect on growth through investment.