INCIDENCE DES TRANFERTS FINANCIERS DE LA DIASPORA SUR L’INVESTISSEMENT GLOBAL AU MALI

Abstract

The study that links migrants' capital transfers to investments remains a hot topic in Mali. These funds are necessary for the financial health of households by allowing them to cover their daily expenses. Citizens generally suggest that they exert a positive influence on the country's economic development. The theory of gains maintains that these resources partially mitigate the volatility of the recipient country's total income, ensure the stability of consumption, reduce pressure on national savings and increase investment. Our study is a framework for explaining global investment in accordance with the investment code. Thus, it is devoted to the diaspora, the State and individuals in order to analyze investments. Our analysis is of the econometric type inspired by the model of Patillo et al. (2002) on time series ranging from 1990-2019, or 30 years of observations. In this model, investment is explained by the financial flows of the diaspora, the exchange rate and the HDI. The results assign a positive and significant coefficient to the explanatory variables and confirm their contributions in the country's supply of foreign currency, thus appreciating the quality of life of citizens and the real effective exchange rate. The financial system must lower the costs of transfers so that these flows become a source of financing and serve as a guide to channel them towards productive investments in Mali. The model approved a directly and positive transfused influence of expatriate remittances on Mali's investment.