Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/123098
Authors: 
Darko, Christian Kwasi
Year of Publication: 
23-Nov-2015
Abstract: 
Determinants of economic growth in Ghana are analysed using restricted vector autoregressive (VAR) model for the period 1975-2013. The empirical results reveal that GDP per capita in long-run is driven by export, oil and mineral rents while government consumption retard economic growth. Therefore the dynamic relationship between these variables on economic growth should not be underestimated by policymakers. However, Ghana’s economic growth is subject to uncertainty associated with expected risks of price volatility of primary commodities which make a great proportion of the export and the so-called Dutch disease which may hinder economic growth in the long-run.
Subjects: 
economic growth
export
error correction model
weak exogeneity
JEL: 
O10
C22
Document Type: 
Preprint

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