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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/10620

Title: The Effect Of Interest Rate On Deposit On Household Consumption In Ghana: Ardl Cointegration Analysis
Authors: Osei-Fosu, Anthony Kofi
Osei, Bismark
Osei Mensah, Isaac
Keywords: Household Consumption
Interest rate on deposit
Cointegration analysis
Autoregressive Distributed Lag
Issue Date: Aug-2014
Publisher: Researchjournali’s Journal of Economics
Citation: Researchjournali’s Journal of Economics Vol. 2 | No. 8 August | 2014 ISSN 2347-8233
Abstract: This paper presents an econometric model for household consumption in Ghana with the aim of highlighting the effect of interest rate on deposit on household consumption using time series data from 1970 to 2009. The paper also looks at other macroeconomics variables like inflation rate and GDP per Capita that have effect on household consumption. The ARDL Bound test was used to test for cointegration among these variables. The results showed that there exists a negative relationship between interest rate on deposits and household consumption both in the long run and short run. However, it was found not significant in the long run but rather in the short run.
Description: An article published by Researchjournali’s Journal of Economics Vol. 2 | No. 8 August | 2014 ISSN 2347-8233
URI: http://hdl.handle.net/123456789/10620
Appears in Collections:College of Arts and Social Sciences

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