Remittances and economic growth: A study of Guyana

Ronald Kumar

Economic Systems, 2013, vol. 37, issue 3, 462-472

Abstract: Using an augmented Solow framework and an ARDL bounds test for cointegration, we explore the short- and long-run effects of remittances, aid and financial deepening on growth in Guyana using annual data for the period 1982–2010. The results show that remittances have a positive and significant effect both in the short and the long run. Aid has a negative effect in the long run and financial deepening is not statistically significant. The Granger-causality test reveals that capital stock, aid and financial deepening cause remittances inflow in Guyana.

Keywords: Remittances; Financial deepening; Aid; Growth; Guyana (search for similar items in EconPapers)
JEL-codes: C22 F24 F43 O54 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (38)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecosys:v:37:y:2013:i:3:p:462-472

DOI: 10.1016/j.ecosys.2013.01.001

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