ABSTRACT The sectorial relevance and direction of energy policy in the Ghanaian economy as energy demand continue to rise with constant growth in services and a steady decrease in manufacturing growth, requires empirical analysis of the relationship between electricity generation and economic growth. This study analyses time series data from 1983 to 2015 to examine long run cointegration between electricity generation and economic growth using Autoregressive Distributed Lag Model (ARDL) bound...
ABSTRACT Household energy consumption and its related issues have received considerable attention in recent times. However, the bulk of research has focused on macro perspective using times series data and methods. Empirical research using micro level data is limited. This study therefore examines household energy consumption using household level data. The study used data from the sixth round of the Ghana Living Standards Survey to examine enegy consumption, choice and crowding-out effects o...
ABSTRACT The study sought to investigate the interrelationship between stock price index and macroeconomic variables taking Ghana as a case using the cointegration, vector error correction (VEC) and vector auto regression (VAR) approaches. Annual data covering the period 1991-2006 on real GDP, All-shares index, consumption, investment and consumption shares of real GDP was collected, interpolated into quarterly series for the analysis and used for the study. The outcome of the study showed th...
ABSTRACT This thesis assessed quantitatively, the improvement of drug availability at two district hospitals, two urban and two rural health centres in the Ashanti Region of Ghana after the introduction of “Cash and Carry” policy in the country. The supply situation of these public institutions in both periods was compared to the coverage of the facilities by using panel data analysis. As an input to the debate on the design of the national health insurance scheme, the work also used cont...
ABSTRACT The study investigates the relationship between financial integration, proxy by portfolio equity flows, and economic growth in Sub-Saharan Africa. To achieve the set objective, we first estimate the baseline growth regression using the Generalized Methods of Moment (GMM) dynamic panel estimation framework, while controlling for initial income, human capital and other factors. The results suggest that portfolio equity flows have a significant positive relationship with economic growth...
ABSTRACT Many households in Ghana especially rural households experience high poverty and low income. Therefore, as a strategy to ensure that the basic needs of the household are met, children may be forced to participate in the labour market despite the consequences associated with it. Poor households may adopt the use of children in child labour as livelihood strategy. This study examines the relationship between child labour, poverty and health using descriptive statistics and probit regre...
This research work examined the impact of commercial bank credit (CBC) on Non-oil export trade in Nigeria. Four variables were used in the study. This study adopted the econometric time series analysis from 1992-2015 and the data were sourced from Central Bank of Nigeria statistical bulletin. The empirical analysis that were carried out to achieve the objectives include unit root, co-integration, the long run regression model and short run error correction model. The Augmented Dickey Fuller w...
This study centres on investment in human resources for the transformation of Nigerian economy with focus on the Nigerian Universities. Issues and problems relating to human resources development and planning are analyzed to ascertain the extent of its contribution to the transformation of the Nigerian economy. More to this was the examination of the issues surrounding the persistent yawning gap between highly skilled human labour developed at the Universities and the development of ena...
Exchange rate is the price of one currency in terms of another currency. Exchange rates this exchange rate is also used to determine the level of output growth of the country. Over the years, Nigeria has adopted various exchange rate regime ranging research work is centered on the impact of exchange rate on the Nigeria economic growth with special emphasis on the purchasing power of the average Nigeria and the level of international...
The relationship between interest rate and domestic investment has attracted the attention of economists and other economic experts. This study carried out an empirical analysis of the impact of interest rate on domestic investment in Nigeria covering the period 1980-2016. Data for the research was extracted from the central bank of Nigeria statistical bulletin. The methodology adopted in the research is the multiple linear regression with the application of Ordinary least Squares (OLS) techn...
Exchange rate is the price of one currency in terms of another currency. Exchange rates this exchange rate is also used to determine the level of output growth of the country. Over the years, Nigeria has adopted various exchange rate regime ranging research work is centered on the impact of exchange rate on the Nigeria economic growth with special emphasis on the purchasing power of the average Nigeria and the level of international...
ABSTRACT The tourism sector has increasingly become an important contributor to the growth and development of the Ghanaian economy. Identified as one of the key drivers of the service sector, the industry offers the country the opportunity to diversify her economy which over the years has been dependent on primary commodities from the extractive industry. Despite the potential of the tourism industry in Ghana, the country still lags behind regional leaders like Kenya, South Africa and Egypt...
ABSTRACT This study investigated the impact of commodity price shocks on fiscal imbalance in Ghana. The study covered the period of 1990 to 2013 where the country experienced high fiscal imbalance and external debt that led to the HIPC initiative to sustain the debt burden and macroeconomic stability. The Vector Error Correction approach to cointegrationwas used with quarterly data from Bank of Ghana, WDI and ADI. The Impulse Response Analysis from a Bayesian VAR was done to analyse shocks of...
ABSTRACT Most economies in Sub–Saharan Africa (SSA) have been associated with low and volatile growth performance over the years. Export diversification is identified in the literature as growth–inducing. However, the assessment of the effect of export diversification on economic growth has not received much attention in Sub–Saharan Africa. The study provides evidence on the relationship between export diversification and economic growth using panel data of forty–two (42) Sub–Saha...
ABSTRACT This study compares technical efficiency levels of foreign-owned firms with that of domestic-owned firms using 2009 survey data of pharmaceutical manufacturing firms in Ghana. Thus, the study attempts to find out whether or not; (a) foreign-owned firms are more technically efficient than domestic-owned firms, (b) the technical efficiency of foreign-owned firms and that of domestic-owned firms are influenced by the same firm-specific characteristic (socio-economic) factors and (c) out...