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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/11270

Title: The Nexus between Government Investment Expenditure and Private Investment in Ghana
Authors: Ofori-Abebrese, Grace
Keywords: Government investment expenditure
private investment
Granger causality
Issue Date: Feb-2016
Publisher: European Journal of Social Sciences
Citation: European Journal of Social Sciences Vol. 51 No 2 pp.193-205
Abstract: This study employs both ARDL model and Granger causality test to examine and test the direction of causality between government investment expenditure and private investment in Ghana for the period 1970 to 2013. The study revealsthat, in both long run and short run, government investment expenditure has an insignificant negative impact on private investment. It is also established that there isa bi-causal relationship between government investment expenditure and private sector investment in Ghana. Based on the bi-causal relationship, the study advocates the need for government to invest more in physical infrastructure and human capital in order to reverse the negative and insignificant effect of government investment expenditure on private investment.
Description: Article published in the European Journal of Social Sciences, 2016
URI: http://hdl.handle.net/123456789/11270
ISSN: 1450-2267
Appears in Collections:College of Arts and Social Sciences

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