Author(s)

Zié Ballo^*, Coulibaly Okayo Alphonsine

University Felix Houphouet Boigny of Abidjan-Cocody, Abidjan, Cote d’Ivoire.

This paper examines the possibility of directing remittances from Burkinabè migrants to the municipalities of their home country through loans. The descriptive results indicate that 94% of Burkinabè migrants agree to lend to the municipalities of their country. The econometric results obtained using the Tobit model show that variables of interest and economic variables such as profit, economic development, poverty reduction and job creation do not influence loan consent to the municipalities. On the other hand, cultural variables such as community spirit, unity, and mutual support, belief in God, conformism, and gerontocracy explain agreement to lend.

Migrants, Remittances, Municipalities, Loan

Ballo, Z. and Alphonsine, C. (2018) Migrants’ Remittances as a Source of Funding Local Development: Case of Burkinabè Migrants in Côte d’Ivoire. Theoretical Economics Letters, 8, 1412-1426. doi: 10.4236/tel.2018.87091.