Department of Economics

Permanent URI for this collectionhttps://ir.mug.edu.gh/handle/123456789/193

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Browsing Department of Economics by Subject "Economic growth"

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    Analysis of the Agricultural Sector of Ghana and Its Economic Impact on Economic Growth
    (Academic Research International, 2014-07) Enu, Patrick
    The research seeks to determine the impact of the agricultural sector on Ghana’s economic growth and the effect of the various sub- sectors of the agricultural sectors on Ghana’s economic growth. The study uses time series (1996-2006) data on agriculture, service, industry and the various sub-sectors under agriculture, which includes forestry, fishery, crops/ livestock and cocoa. A regression model was specified and OLS was employed to estimate the respective impact of agriculture, service and industry on GDP growth. At the end of the study agricultural output had a significantly positive impact on Ghana’s growth as compared to the other sectors (agricultural output (0.354515); service output (0.283401); industrial sector (0.303257)). In addition, the study further analysed the effect of the various sub sectors under agricultural sector in GDP growth since the agricultural sector contributed more significantly to GDP. At the end of the study cocoa subsector was identified to be vital to economic growth and development in Ghana. Hence, the cocoa subsector should continue to be priority position even with the discovery of oil
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    Foreign direct investment and economic growth nexus in Africa
    (Emerald Publishing Limited, 2019-07-23) Hagan,Edmond; Amoah,Anthony
    Purpose – African countries are generally fragile. This and other related characteristics affect the potential for growth and development. The purpose of this paper is to investigate whether the effect of FDI on economic growth is contingent on a financial system that accounts for financial market fragility. An important point of departure from earlier studies is the adoption of a new measure of financial market fragility. Design/methodology/approach – Given the uniqueness of the data set, the study uses a panel data and estimates an econometric model using an instrumental variable approach. For robustness purposes, a pooled ordinary least square is also estimated. Findings – The study provides evidence that if the financial market is fragile as in the case of Africa, FDI inflows may have a marginally significant positive impact on economic growth. The findings suggest that fragility in the financial market is a key absorptive capacity and cannot be trivialised when exploring FDI–growth nexus in Africa. Research limitations/implications – The uniqueness of the data set limited the time period of the study. Nonetheless, the findings are still crucial to policy makers in Africa and other developing countries with similar characteristics. Originality/value – To the best of the authors’ knowledge, this is the first study in Africa to investigate the FDI–growth nexus which accounts for financial market fragility