Impact of trade liberalisation on Ghana Agricultural Sector

Abdul Majeed Seidu and Aleksandar Vasilev

EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels

Abstract: The study sought to analyse the impact of trade liberalisation on Ghana's agricultural sector. This study's research design, which is secondary quantitative, was chosen. The study used econometric methods such as multivariate regression analysis, Bounds test etc to analyse the data. According to the study's findings, trade liberalisation which comprises of flexible exchange rate (REXR), Export and Import price ratio (EP/IP), Agricultural Capital Formation (ACF), Foreign Investment in Agricultural Sector (FIA) and Agricultural Degree of Openness (ADO) haven't really improved agricultural performance in Ghana from 1993-2022. In contrast, globalisation has favourably impacted technology, infrastructural development, growth, and living standards in other developing Asian nations including India, China, Lebanon etc. through the promotion of foreign direct investments (Siddiqui and Ahmed, 2017). Due to the limited absorption of technology, poor infrastructure and overdependence on other countries in Ghana, globalisation may not have an impact on sustainable agriculture. The negative interactions between Ghanaian Agricultural performance, Agricultural exports and imports price ratio, Real Exchange Rate, might have accounted for Ghana's continuous decline in agriculture performance instead of having a positive impact.

Keywords: agriculture; trade liberalisation; real exchange rate (search for similar items in EconPapers)
JEL-codes: F10 (search for similar items in EconPapers)
Date: 2024-10-10
New Economics Papers: this item is included in nep-agr and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.eeri.eu/documents/wp/EERI_RP_2024_06.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2024_06

Access Statistics for this paper

More papers in EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels Contact information at EDIRC.
Bibliographic data for series maintained by Julia van Hove ().