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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
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