Empirical Analysis of the Relationship between Industrial Performance and Macroeconomic Factors in Ghana

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dc.contributor.authorMensah, Frederick
dc.contributor.authorOfori-Abebrese, Grace
dc.contributor.authorPickson, Robert Becker
dc.date.accessioned2018-06-04T12:39:12Z
dc.date.accessioned2023-04-19T00:36:45Z
dc.date.available2018-06-04T12:39:12Z
dc.date.available2023-04-19T00:36:45Z
dc.date.issued2016-05-09
dc.descriptionArticle published in the British Journal of Economics, Management & Trade, 2016 found at DOI: 10.9734/BJEMT/2016/25092en_US
dc.description.abstractThe conscious attempt to ascertain the wide range of macroeconomic factors that drive industrial production in Ghana necessitated this study. The main purpose of this study is to ascertain the impact that macroeconomic factors have on industrial performance in Ghana over the period 1980 to 2013. The Autoregressive Distributed Lag Model was employed to examine the long run and the short run dynamics of macroeconomic factors and industrial output. The study found cointegration relationship between industrial output and the macroeconomic factors. The results indicated that the major macroeconomic factors that affect industrial performance in Ghana are lending rate (+), inflation (+), employment (+) and government expenditure (+). Based on the findings, the study recommends that the government of Ghana should stabilize the macroeconomic environment of Ghana in order to achieve industrial growth and development.en_US
dc.description.sponsorshipKNUSTen_US
dc.identifier.citationBritish Journal of Economics, Management & Trade 13(4): 1-11, 2016, Article no.BJEMT.25092en_US
dc.identifier.issn2278-098X
dc.identifier.urihttps://ir.knust.edu.gh/handle/123456789/11262
dc.language.isoenen_US
dc.publisherBritish Journal of Economics, Management & Tradeen_US
dc.subjectIndustrial outputen_US
dc.subjectgovernment expenditureen_US
dc.subjectinflationen_US
dc.subjectemploymenten_US
dc.subjectlending rateen_US
dc.titleEmpirical Analysis of the Relationship between Industrial Performance and Macroeconomic Factors in Ghanaen_US
dc.typeArticleen_US
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