“ABSTRACT This study examines the factors that determine the level of per capita health expenditure in sub Saharan Africa. Using data from 2001 to 2014 and a sample of 20 countries, we test the effects of various demographic and macroeconomic variables on health expenditure per capita. The model was estimated using the Panel Fixed and Random Effects Model as well as the panel Dynamic Ordinary Least Squares (DOLS) estimation technique proposed by Phillips and Loretan (1991) to generate both ...
ABSTRACT This study was undertaken mainly to test the hypothesis that the employer-employee match is improved when workers resort to informal contacts in the job search process. Empirical literature on the impact of the latter search medium on tenure though limited concludes that jobs obtained through the help of a worker’s friends and relatives last longer. Findings from this study are however at variant with this strand of economic literature. The study which used a sample of 150 formal s...
ABSTRACT SSNIT pension benefit is the primary source of retirement income among formal sector workers and most recently informal sector workers in Ghana. It is also the most comprehensive form of social security among formal sector workers and pensioners in Ghana. But the SSNIT pension benefit is mostly meager and inadequate especially in financing consumption expenditure of pensioners and their dependants. This creates a consumption-pension income disparity which this study sorts to investig...
ABSTRACT In Ghana, most of the oil needs of the country is largely dependent on imported crude oil which makes imported crude oil an essential part of the economy and as such changing world oil prices is a concern that needs to be examined. This thesis examines the effect of world oil prices on Ghana’s cereal (maize and rice) prices using monthly data covering the period 1990 to 2015. Using the Vector Error Correction Models and generalized impulse response analysis, the study finds that am...
ABSTRACT The incidence of cross-country per capita income convergence has been debated for long by economists; all in the attempt to either validate or reject the per capita income convergence hypothesis as predicted by the Human capital - augmented Solow model (HC-ASM). However, researchers seem to have given little attention to Sub-Saharan African (SSA) in this ongoing discourse despite the wide per capita income disparity gap in the region. This present study fills this gap by conducting a...
ABSTRACT This study investigates the contribution of the Services sector to total tax revenue and economic growth in Ghana, with particular focus on the Telecommunication subsector. Quarterly time series data for the period 2008 to 2016 was used for the analysis within the Autoregressive Distributed Lagged (ARDL) framework. Additional qualitative information was elicited from key tax administrators to ascertain the challenges confronting tax mobilization in the telecom subsector to authentica...
ABSTRACT Sub-Saharan Africa has over the years witnessed the proliferation of Regional Trade Agreements (RTAs) within the sub-region. However, intra-regional trade remains considerably low around 10 percent of its trade with the rest of the world. This has led researchers to investigate whether these RTAs have been trade-creating or trade diverting. Nevertheless, these studies have not extended their analysis to investigate the effect of the membership of some dominant economies in their resp...
ABSTRACT Urbanization is recognized as a key driver of rapid economic growth, structural transformation and poverty reduction. The enormous body of both theoretical and empirical knowledge widely supports the idea of a positive relationship between urbanization and economic growth. However, at the core of the existing debate is the causal direction. The first part of the study investigated the causal relationship between urbanization and economic growth in Sub-Saharan Africa (SSA) from the tw...
ABSTRACT The study is in two folds. It first examined the effect of land tenure security dimensions on households‘ soil improvement and subsequently explored the effect of soil improvement on maize output among smallholder farmers in the Northern Region of Ghana. The data employed for this study were obtained from the 2011 Innovation for Poverty Action survey. The endogeneous switching regression model was employed for the analyses. The study found that, households who had full land right...
ABSTRACT The ability to innovate technology represents the highest degree of development of an industrial society. However, there has not been much research focused on innovation of a firm, especially in the apparel manufacturing industries in Ghana. The purpose of this study is to investigate the determinants of innovation within the context of the apparel industry, using cross sectional data collected on fifty apparel firms selected from the Accra Metropolis in the Greater Accra region of...
ABSTRACT Ghana’s pursuit of outward-oriented trade liberalization and capital account liberalization polices since the 1980’s has the proclivity of subjecting the economy to external shocks that may affect the size of government. It is therefore imperative that the effects of external interferences within the domestic economy on government’s spending behavior are examined. In this light, this study investigate the short-run and long-run effects of trade and financial openness on governm...
ABSTRACT Most developing countries face the problem of raising tax revenue to carry out public sector spending. Tax revenue is necessary for economic growth and development. Unfortunately tax revenue generation has been low in Ghana. This study therefore examined the determinants of tax revenue with evidence from Ghana using quarterly data from 1988 to 2008. The tax effort function is used by regressing government expenditure, real gross domestic product and financial deepening on tax reven...
ABSTRACT This study empirically examines the relationship between stock market performance and economic growth in Ghana using quarterly time series data from 1991 to 2012 for four stock market performance indicators, namely; stock market capitalization ratio, stock market turnover ratio, total value traded ratio and the Ghana Stock Exchange market index with three other control variables. The study employed the Johansen and Juselius (1990) multivariate cointegration technique and vector erro...
ABSTRACT As at 2008, the much awaited oil find in Ghana had been realized, and as a natural phenomenon much attention had been shifted to the industrial sector specifically the mining segment. Till date many are attracted to the industrial sector specifically the mining segment due to its acclaimed high returns and much FDI inflow. The Ghana Statistical Service 2010 report showed that Ghana had increased its income by 60% to over US$44 billion coupled with a growth rate of 14%. However, these...
ABSTRACT The competition to attract greenfield foreign direct investment (FDI) among countries, due to its benefits, has taken the form of a reduction in the corporate tax rate globally over the decade. Aiming to determine the tax effect in attracting new investment into a country, the study focused on three objectives: the trend of corporate income tax and greenfield FDI, the effect of corporate tax rate on greenfield investment and the determinants of greenfield investment. In estimating t...