The effect of international trade on economic growth: Evidence from Ghana

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43923622" target="_blank" >RIV/62156489:43110/23:43923622 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.18844/gjbem.v13i1.8705" target="_blank" >https://doi.org/10.18844/gjbem.v13i1.8705</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18844/gjbem.v13i1.8705" target="_blank" >10.18844/gjbem.v13i1.8705</a>

Result language
angličtina
Original language name
The effect of international trade on economic growth: Evidence from Ghana
Original language description
International trade has been paramount to every country, especially developing economies, as it enables them to access goods and services they cannot produce. The Ghanaian economy has been highly dependent on imports over the years. This study examined the effects of foreign trade (export and import) on economic growth using data from the World Bank from 1990 to 2020. To ensure the accuracy of the results, econometric methods including a unit root test, the Johansen cointegration test, the vector error correction model and the Granger causality test, were employed. The ADF and Kwiatkowski-Phillips-SchmidtShin unit root tests showed that the variables were non-stationary at the level and integrated at the first-order difference. The study finds exports and imports to support Ghana's economic advancement. This study recommends the government to supports and encourage domestic firms to produce on a large scale for domestic consumption and exports.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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