Remittances and economic growth: A study of Guyana
Ronald Kumar ()
Economic Systems, 2013, vol. 37, issue 3, 462-472
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)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecosys:v:37:y:2013:i:3:p:462-472
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