Since 2014
Short-Run and Long-Run Inflation and Economic Growth Nexus in Ghana
Ghana Journal of Development Studies
View Archive Info| Field | Value | |
| Title |
Short-Run and Long-Run Inflation and Economic Growth Nexus in Ghana
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| Creator |
Ahiakpor, F
Akapare, IA |
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| Subject |
Co – Integration, Inflation, ECM Model, Economic Growth, Ghana
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| Description |
This paper examines the relationship between inflation and economic growth in Ghana. Using quarterly data from 1986Q1 to 2012Q4. The study employs Co- integration and error correction model. The study reveals that capital, government expenditure, labour force and money supply have a positive impact on GDP. In addition, inflation and interest rate has a decreasing impact on economic growth. The study recommends inflation targeting as best monetary policy. There is the need for government to increase expenditure in the area of infrastructure development and human capital to increase output.Keywords: Co – Integration, Inflation, ECM Model, Economic Growth, Ghana
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| Publisher |
Faculty of Integrated Development Studies, University for Development Studies
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| Contributor |
—
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| Date |
2015-01-29
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.ajol.info/index.php/gjds/article/view/112244
10.4314/gjds.v11i2.3 |
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| Source |
Ghana Journal of Development Studies; Vol 11, No 2 (2014); 32-49
0855-6768 |
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| Language |
eng
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| Relation |
http://www.ajol.info/index.php/gjds/article/view/112244/102001
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| Rights |
Faculty of Integrated Development Studies, University for Development Studies, Ghana
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