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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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&apos;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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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&apos;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.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

60500 - Other Humanities and the Arts

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Global Journal of Business, Economics and Management

ISSN

2301-2579

e-ISSN

2301-2579

Svazek periodika

13

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CY - Kyperská republika

Počet stran výsledku

15

Strana od-do

91-105

Kód UT WoS článku

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EID výsledku v databázi Scopus

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