Remittances and economic growth: a study of GuyanaEconomic Systems (2013)
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.
Publication DateMay, 2013
Citation InformationRonald R Kumar. "Remittances and economic growth: a study of Guyana" Economic Systems (2013)
Available at: http://works.bepress.com/ronald_ravinesh_kumar/24/