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Remittances and economic growth: A study of Guyana

Kumar, Ronald R. (2013) Remittances and economic growth: A study of Guyana. Economic Systems, 37 (3). pp. 462-472. ISSN 0940-4821

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    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.

    Item Type: Journal Article
    Subjects: H Social Sciences > HA Statistics
    H Social Sciences > HB Economic Theory
    Divisions: Faculty of Business and Economics (FBE) > School of Accounting and Finance
    Faculty of Business and Economics (FBE) > School of Economics
    Depositing User: Ronald Kumar
    Date Deposited: 25 Sep 2013 09:53
    Last Modified: 21 Jun 2016 12:41
    URI: http://repository.usp.ac.fj/id/eprint/6632
    UNSPECIFIED

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