The Nexus between Remittances and Economic Growth: Empirical Evidence from Guyana

Elton Bollers and Dennis Pile

MPRA Paper from University Library of Munich, Germany

Abstract: Remittances to developing countries generally arrive in large volumes, and Guyana is no exception. One important policy concern is the impact of remittances on economic growth. This paper explores the empirical impact of remittances on economic growth in Guyana using time series data from 1993 to 2013. Recorded remittances inflow to Guyana in 2014 amounted to 329.7 million dollars (approximately 12% of GDP). The model used by Karagoz (2009) was adopted to conduct this study. The results indicate that remittances positively impact economic growth. It was also found that foreign direct investment positively impacts growth.

Keywords: Guyana; Economic Growth; Remittances; Foreign Direct Investment. (search for similar items in EconPapers)
JEL-codes: C13 O47 (search for similar items in EconPapers)
Date: 2015-11-27
New Economics Papers: this item is included in nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/67756/1/MPRA_paper_67756.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:67756

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().