Economic Multipliers and Sectoral Linkages: Ghana and the New Oil Sector

Dennis Nchor and Tomáš Konderla
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Tomáš Konderla: Department of Statistics and Operations Analysis, Faculty of Business Economics, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2016, vol. 64, issue 2, 635-642

Abstract: The study seeks to assess the structure of the economy of Ghana in terms of changes in the economic structure before and after the production of oil in commercial quantities. This is viewed with regards to economic multipliers, sectoral interdependence and trade concentration. The results show that changes occurred with regards to multipliers and sectoral interdependence. The output multipliers of most sectors have declined. The results also show that the agricultural sector experienced an initial decline in its growth while industry experienced an increase. The performance of the services sector was relatively stable for the period covered by the study. There is a decline in the level of trade concentration though on a whole the concentration index is still high. The study employed input-output modeling techniques and the data was obtained from the Ghana statistical service and the World Development Indicators.

Keywords: oil and gas; multipliers; sectoral linkages; trade concentration; input ratios; input-output table; Ghana (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2016064020635

DOI: 10.11118/actaun201664020635

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