Samuel Tawiah Baidoo
Kwame Nkrumah University of Science and Technology
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An Empirical Investigation into the Determinants of External Debt in Asian Developing and Transitioning Economies
Abstract This paper investigates the determinants of external debt in 32 Asian developing and transitioning economies for the period 1995–2019. Estimation is carried out using the generalized method of moments (GMM), which is capable of dealing with potential endogeneity problems. The results show that in both the short- and long-run, economic growth and investment reduce external debt, whereas exchange rate, trade, and government expenditure increase external debt. Diagnostic tests co...
The effect of financial inclusion on poverty reduction in Sub Sahara Africa: Does threshold matter?
This paper investigated the threshold effect of financial inclusion on poverty reduction in sub-Saharan Africa (SSA). Using an annual dataset spanning 2010 to 2017, the Hansen’s estimation and Differenced generalized method of moments (GMM) methods were used to estimate the threshold level of financial inclusion that will reduce poverty and factors that influence financial inclusion respectively. The results showed that beyond a threshold level of 0.365, financial inclusion would lead to po...
Understanding the Determinants of Loan Demand in Ghana: Do Individuals' Socio-Demographic and Economic Characteristics Matter?
The importance of credit demand cannot be overemphasised given its potential positive influence on individuals’ livelihood and economic growth of countries. In spite of the financial sector liberalisation in Ghana, some individuals still face financial constraints which make it difficult to cover up their spending gap. This paper investigates whether individuals’ socio-demographic and economic characteristics are important in loan demand. A simple random sampling technique was used to sel...
Estimating the effects of financial inclusion on welfare in sub Saharan Africa
The prominent role of financial inclusion in every economy—as it has been widely acknowledged as an enabler to achieving eight out of the 17 Sustainable Development Goals (SDGs) cannot be overemphasized as far as the welfare of individuals is concerned. This study estimates the effects of financial inclusion on welfare using cross-section data from 33 sub-Saharan African countries and the ordinary least squares technique is employed for the analysis. The results from the financial inclusion...
A terminal level analysis of service quality at Nigerian seaports
Seaport terminals are major facilitators of international trade. One issue that is very crucial to the performance and survival of seaport terminals is the quality of service provided. However, in order to enhance the quality of service provided at these terminals, it is important to know customers’ expectations and perceptions about service quality. Notwithstanding, very little is known about customers’ expectations and perceptions on the service quality of seaport terminals in Africa. T...
How does quality of institutions affect the impact of trade openness on economic growth of Ghana?
Developing countries, of which Ghana is no exception have actively engaged in trade openness after independence, yet, their economic growth remains low and this calls for urgent attention to address the situation. This study therefore examines the impact of trade openness on economic growth of Ghana for the period 1984–2018 taken into consideration the role quality of institutions play. The results from the autoregressive distributed lag model (ARDL) reveal that, both trade openness and qua...
Improving Loan Repayment in Ghana: Does Financial Literacy Matter?
Loan defaults continue to be a major challenge that confronts financial institutions in developing countries and this impedes their potential role in sustainable development. Given the enormity of loan defaults, policymakers have devoted much attention to the phenomenon by implementing strategies and policies aimed at improving loan repayment to avert the situation. To complement the effort of policymakers, several empirical studies have also been conducted regarding loan repayment determinan...
The Effect of Exchange Rate and Interest Rate Volatilities on Stock Prices: Further Empirical Evidence from Ghana
Studies have proven that volatilities in the rates of exchange and interest influence the performance of institutions and the values of their shares. This study investigates empirically the effect of exchange rate and interest rate volatilities on stock prices of f inancial institutions listed on the Ghana Stock Exchange using monthly data spanning the period January 2000 to October 2016. The generalized autoregressive conditional heteroskedastic (GARCH) model is employed for the analysis. Th...
Does Interest Rate Influence Demand for Money? An Empirical Evidence from Ghana.
This paper investigates whether interest rate influence demand for money in Ghana using annual time series from 1980 to 2016. Demand for money is measured by broad monetary aggregate (M2+) whilst the rate of interest is proxied by the 91-day Treasury bill rate. Other variables included in the study are real income, inflation and exchange rate. The bounds testing approach to cointegration within the autoregressive distributed lag (ARDL) framework is employed as the estimation technique. The re...
The effect of smallholder livestock production on income of farm households in northern Ghana
This paper investigates the effect of smallholder livestock production on income among farm households in northern Ghana. Questionnaires were administered to 300 household heads and ordinary least squares estimation technique was applied to the dataset. The dependent variable was income and measured by total annual income received from farm and non-farm activities by household heads. The independent variable of interest was tropical livestock unit measured by flock size. We also included farm...
Graduate/Research Assistant
Kwame Nkrumah University of Science and Technology
August 2014 to Present