“The determinants of private sector investment in Ghana”

Simple item page
dc.contributor.authorMarbuah, George
dc.date.accessioned2011-10-24T11:06:05Z
dc.date.accessioned2023-04-19T05:14:07Z
dc.date.available2011-10-24T11:06:05Z
dc.date.available2023-04-19T05:14:07Z
dc.date.issued2008-10-24
dc.descriptionA thesis submitted to the Department of Economics in partial fulfilment of the requirements for the award of Master of Arts degree in Economics, 2008en_US
dc.description.abstractThis study presents an empirical assessment of the factors that have stimulated or deterred private sector investment in Ghana over the period 1970-2002. Employing modem time series econometric techniques such as unit root and Granger causality tests, cointegration and error correction techniques within an ARDL framework, which has been found to yield more robust estimates, the study revealed intriguing results. While majority of the results confirmed theoretical propositions, others contradicted the postulates of theory. The results suggest that private investment is determined in the short-run by public investment, inflation, real interest rate, openness, real exchange rate and a regime of constitutional rule, while real output, inflation, external debt, real interest rate, openness and real exchange rate significantly influenced private investment response in the long- run. Among numerous policy recommendations, the study suggested policies which aimed at sustained increases in productive public investment in infrastructure and export-led growth strategies. Furthermore, judicious use of HIPC funds in areas that enhance private sector development and fiscal discipline should be vigorously pursued. Finally, political and institutional reform complemented by a credible macroeconomic environment which enhances private sector investment growth is strongly recommended.en_US
dc.description.sponsorshipKNUSTen_US
dc.identifier.urihttps://ir.knust.edu.gh/handle/123456789/1510
dc.language.isoenen_US
dc.relation.ispartofseries4491;
dc.title“The determinants of private sector investment in Ghana”en_US
dc.typeThesisen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
KNUST Library.pdf
Size:
7.09 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed to upon submission
Description:
Download
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed to upon submission
Description:
Download
Collections
Student Thesis