Transfers of funds of the migrants, governance and economic growth in the WAEMU

Komlan Ametowoyo ADEVE

Volume : V, Issue : XII, December - 2015

Transfers of funds of the migrants, governance and economic growth in the WAEMU

Komlan Ametowoyo Adeve

Abstract :

This article aims at putting forward the role of the governance in the relationship between transfers of funds and economic growth in the countries of the WAEMU from a dynamic panel data covering the period of 1996– 2011.The estimates indicate that the transfers of the emigrants are much less vectors of growth in the countries of the WAEMU. The introduction of variables of governance rendered significant this negative relationship between transfers and GDP per capita in particular for the variables: "corruption control", "freedom and responsibility", and "state of right". However, the analysis of the interaction between the variables of governance and the transfers reveals that the variables " freedom of word and responsibility" and "State for right" and to a lesser extent "the Political stability and absence of violence" appear as the factors of governance which can more influence the relationship between transfers and growth.