ABSTRACT The importance of economic and political institutions to economic growth has been demonstrated in the literature. However, little is known on how such institutions impact on growth and what determine the quality of economic institutions in Africa. Therefore, this study was aimed at examining the impact of economic and political institutions on growth as well as the impact of political transition on the quality of economic institutions. Game theory was used to develop a political ec...
ABSTRACT The study examines the relationship between food security and trade liberalization in the context of Ghana using time series data from 1986 to 2016. The sum of imports and export over GDP is used as the key variable to measure the trade liberalization of the economy. Other than the key variable of trade liberalization, the study employs five variables namely food production index, consumer price index, real GDP, arable land, and reserve of foreign exchange to assess their effect on ...
ABSTRACT The importance of the construction industry cannot be overemphasized because of its strong linkages with other sectors of the economy. Despite this, the empirical literature on the non-linear (Bon curve) relationship between construction expenditure and economic growth remains unclear and hence, leave much space for further engagements. Therefore, this study seeks to find answers to these questions: Does construction expenditure matter in economic growth, and does the Bon curve hold ...
ABSTRACT This study investigated the relationship between economic growth and financial deepening for the case of Ghana using quarterly data from 1983 to 2008. Whereas financial deepening was proxied by credit to private sector/GDP and broad money/GDP, economic growth was measured by real GDP per capita. Other variables included gross fixed capital formation/GDP, interest rate and government spending/GDP. Employing the Johansen cointegration approach, vector error correction, vector autoregre...
ABSTRACT A complementary food was developed from the vitamin A rich orange fleshed sweet potation to help reduce vitamin A deficiency among infants. Experimental research design was used for the study. Fifty six infants of ages 6-24 months were purposively sampled, together with their mothers, to evaluate 3 complementary food samples code named GAD, PEA, SAB and a control KAN. A questionnaire was used to collect data. The samples were formulated from orange fleshed sweet potato, anchovies, on...
ABSTRACT The study sought to empirically examine the effects of real exchange rate on priceincentive to smuggle and the effect of price-incentive to smuggle on cocoa beans export in Ghana. Autoregressive Distributed Lag model (ARDL) was employed in analyzing the data. The study used secondary data from 1986 to 2016, gathered from sources including the Food and Agricultural Organization, World Development Indicators, Institute of Statistical, Social and Economic Research, and the Internationa...
ABSTRACT This study empirically examines the relationship between stock market performance and economic growth in Ghana using quarterly time series data from 1991 to 2012 for four stock market performance indicators, namely; stock market capitalization ratio, stock market turnover ratio, total value traded ratio and the Ghana Stock Exchange market index with three other control variables. The study employed the Johansen and Juselius (1990) multivariate co-integration technique and vector err...
ABSTRACT The study examined the effect of public expenditure on unemployment in Ghana using annual data for the period 1980 to 2016 by employing Autoregressive Distributed Lag (ARDL) approach to cointegration. The study revealed that there is an inverse relationship between government consumption expenditure and unemployment rate. However, government capital expenditure and unemployment rate were found to be positively related. The study therefore established that the threshold of government...
ABSTRACT The Current Account Balance (CAB) of Sub-Sahara African (SSA) countries is characterised by persistent deficits, averaging -7.3%, -3.4%, and -2.4% as a percentage of Gross Domestic Product in 1981, 1995 and 2009, respectively. While there is a growing body of empirical literature on the determinants (focusing specifically on Real Exchange Rate (RER), external debt, Terms of Trade (TOT), among others) of deficit in the CAB, little attention has been devoted to the role of fiscal poli...
ABSTRACT The average international tourists arrival per thousand populations for the period 2000 to 2009 was 7 in Nigeria compared to 22 in Ghana. The major sources of these receipts were business tourists from France, United Kingdom and United State of America. Government efforts at increasing international tourism demand as an alternative source of non-oil revenue is yet to boost the country’s tourist arrivals. Previous studies have investigated the economic potential of Nigeria’s tour...
Abstract The second West African Monetary Zone (WAMZ), comprising The Gambia, Ghana, Guinea, Nigeria and Sierra Leone, was initiated in 1999 to fast-track the common monetary policy objective of the Economic Community of West African States (ECOWAS). However, uncertainties about the economic implications of the policy have been major obstacles to regional integration. Economists and policymakers are yet to agree on the potential costs and benefits of a common currency. Available empirical st...
ABSTRACT It was until the early 1990’s that economists began to place greater emphasis on the role of human capital development as the basic rock for development. Using a multi-stage sampling technique, the researcher interviewed a sample of 868 households in rural Ghana. The study adopted unitary model of intra household decision model to examine parents’ expectation and investment in children’s education in rural Ghana. The study revealed that the probability that children getting th...
ABSTRACT The main objective of the study was to determine the effects of firm size on performance of manufacturing firms in Ghana. The study employed a quantitative research design under the positivist philosophy to address the research objectives. A panel on about 1,203 firms were involved based on the Enterprise Survey for Ghana data set for the periods 2007 and 2013. Multiple measures were adopted for firm size but just one measure was adopted for firm performance. Firm size was proxied b...
ABSTRACT Ever since the implementation of the National Health Insurance Scheme (NHIS) by the government of Ghana in 2003, cost of financing has been increasing from time to time, to the extent that some of the schemes have encountered financial distress. Though subjective reports exist that show high expenditures made on the health insurance schemes by the service provided, it is not clear if such high expenditures can be attributed to the incidence of moral hazards. The study sought to exami...
ABSTRACT This study examines the relationship between stock market capitalization and economic growth in Ghana using quarterly time series data from 1991 to 2006. The study employed Johansen multivariate cointegration technique and vector error correction model to investigate the long-run relationship and the short-run dynamics among the variables. Also, the standard Granger-causality test was conducted to determine the causal relationship between the variables. The study finds that real econ...