Determinants of Economic Growth in Ghana

Christian Kwasi Darko

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

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.

Keywords: economic growth; export; error correction model; weak exogeneity (search for similar items in EconPapers)
JEL-codes: C22 O10 (search for similar items in EconPapers)
Date: 2015-11-23
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:123098

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