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The impact of official development assistance on import capacity in Guyana (1960-2002)
Public and Municipal Finance
The main finding of this study is that official development assistance supported sustainability of import capacity while aid as a percent of gross capital formation hindered it in Guyana over the period of 1960-2002. The paper utilized the bounds test for co-integration in the ARDL framework to identify the shortrun and long-run information in the model. The elasticities with respect to official development assistance and aid as a percent of gross capital formation are the principaldoaj:1b00b47caf8349cfbf4fa5da9895514d fatcat:2qz6mftxevgall7mabqtxzkd64