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Assessing the Causes of Remittance Flows to Guyana: A Macroeconomic Approach

Issue: 

Relative to GDP, Guyana is one of the largest recipients of remittance flows
in the world, receiving on average 17 percent of its GDP. In past decades,
these transfers have increased considerably compared with other inflows,
including foreign direct investment and international aid. Yet little is
known about what macroeconomic factors explain their movement, or how
they impact Guyana’s economy. This article investigates the macroeconomic
determinants of remittance flows to Guyana. We estimate a

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The Colonial Origins of Guyana’s Underdevelopment

Issue: 

Dutch settlements on the coastal plain locked Guyana into polder agriculture and, inadvertently, ensured a small, widely dispersed population. The former requires high cost drainage, irrigation and agricultural production. The latter also implies high costs, as infrastructure, for example,—cannot be distributed over a large enough population. Wages were therefore suppressed by immigration, which increased the elasticity of supply of labour, and facilitated the playing off of one ethnic group against the other.

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Do SPS and TBT regulations inhibit Guyana’s Food and Agriculture Exports to CARICOM markets?

Issue: 

The gravity model framework is employed to test the impact of the
incidence of sanitary and phytosanitary (SPS) and technical
regulations (TBT) on exports of food and agriculture products from
Guyana to selected markets within the Caribbean Community
including Barbados, Trinidad & Tobago, Jamaica, Suriname,
Grenada, Dominica and Antigua & Barbuda; as well as the attempt
to coordinate and strengthen agricultural health and food safety

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The Rise of Income Inequality in Guyana

Issue: 

Using a newly created dataset, this article demonstrates that income
inequality has increased in Guyana based on the Palma and P90/P10
ratios. It follows that the top 10% gained income share at the expense of the
poor and the powerless. However, the Gini coefficient shows a marginal
reduction of inequality, which represents gains for the middle class. The
article argues that privatization and high agricultural prices are the key
factors for the growth in the income share of the middle class. Indo-

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