Aid dependence and economic growth in Ghana

Samuel Adams and Francis Atsu

Economic Analysis and Policy, 2014, vol. 44, issue 2, 233-242

Abstract: The study examined the impact of aid on economic growth in Ghana for the period 1970ó2011. Using the Autoregressive Distributed Lag (ARDL) methodology; the findings of the study suggest that foreign aid had a positive effect in the short run but has a negative effect in the long run. The investment and government consumption variables were significantly related to economic growth, while financial depth and trade did not have a significant impact on economic growth of Ghana. The findings of the study indicate that one size fits all strategy for the allocation of official development assistance might not be optimal.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:44:y:2014:i:2:p:233-242

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