What is the effect of globalisation on the performance of the service sector of Ghana?

Gabriel Effah Nyamekye

MPRA Paper from University Library of Munich, Germany

Abstract: The paper empirically examines the effect of globalisation on the service sector output in Ghana for the period 1961-2013 using annual time series data. The ordinary least square method of regression was employed after the unit root properties were examined. The findings of the study indicate negative effect of globalisation on the service sector output, suggesting that the Ghanaian economy has not benefited positively from globalisation. Policy makers should reconsider the use of globalisation as a policy tool in achieving growth in the service sector. The use of nonlinear models in future study is worth considering, as well as the use of other proxies of globalisation. Other regression estimation methods such as the Johansen method should be considered in future empirical studies to find out whether the current findings will be replicated.

Keywords: service sector output; globalisation; economic growth (search for similar items in EconPapers)
JEL-codes: F14 G21 G22 G23 G24 L80 L90 (search for similar items in EconPapers)
Date: 2016-05-07
New Economics Papers: this item is included in nep-eff and nep-net
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