EXTERNAL DEBT AND ECONOMIC GROWTH IN GHANA: A CO-INTEGRATION AND VECTOR ERROR CORRECTION ANALYSIS

Domain:

socioeconomic

Record type:

paper

Creator:

ShuAde

Publisher:

Host:

This paper employed a co-integration analysis and an error correction methodology to examine the impact of external debt on economic growth in Ghana using annual time series for the period 1970-2017. We found that external debt inflows spur growth in Ghana both in the long-run and short-run. Secondly, our study also confirmed the crowding out effect and the non-linear effect of external debt in the long run and short-run. However, Debt overhang was only confirmed in the short-run. We advocate for a judicious allocation of the debt resources so that the cost of servicing the debt will not outweigh the benefit of the borrowed funds.

Visit

doi.org

External Debt And Poverty Incidence In Nigeria: Error Correction Mechanism

This study examines external debt stock impact on poverty incidence in Nigeria. The study's data spa

Impact of higher education on economic growth: A vector error correction analysis in malawi

This study examined the impact of higher education on economic growth in Malawi from 1995 to 2021. T

Budget Deficits and Economic Growth: A Vector Error Correction Modelling of South Africa

The primary motivation behind this study was to explore the consequential effects of budget deficit

External financing and solar energy investment growth in Kenya: empirical evidence from a vector error correction model

Kenya's renewable energy agenda has increasingly identified solar power as a cornerstone for address

THE IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN GHANA

The debt position of a country is crucial to the growth of its economy. We argue with empirical basi

Analysis of External Debt and Real Economic Growth of Developing Economies: Nigeria’s Experience

Increase in external debt burden, together with its attendant risk, have become a global phenomenon,