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:	24 Sep 2013 21:53
Last Modified:	21 Jun 2016 00:41
URI:	http://repository.usp.ac.fj/id/eprint/6632

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