Exchange Rate Distortion And Economic Growth In Ghana

Kwabena Gyimah-Brempong; Anthony O. Gyapong

doi:10.1080/10168739300000014

Exchange Rate Distortion And Economic Growth In Ghana

Kwabena Gyimah-Brempong, Anthony O. Gyapong

Division of Social Sciences (Abington)

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

This paper investigates the effects of exchange rate distortion on economic growth in a Less Developed Country (LDC)—Ghana. Using time series data from Ghana and a five equation simultaneous model, we find that exchange rate distortion, as measured by the black market premium, has a deleterious effect on economic growth rate. The negative effect is imparted through reduced investment and a constriction of international trade. The results imply that liberalized exchange rate policies will enhance the growth prospects of LDCs, especially those in Sub-Saharan Africa. [F 31, O 55].

Original language	English (US)
Pages (from-to)	59-74
Number of pages	16
Journal	International Economic Journal
Volume	7
Issue number	4
DOIs	https://doi.org/10.1080/10168739300000014
State	Published - Dec 1 1993

All Science Journal Classification (ASJC) codes

Economics, Econometrics and Finance(all)

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This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/10168739300000014

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title = "Exchange Rate Distortion And Economic Growth In Ghana",

abstract = "This paper investigates the effects of exchange rate distortion on economic growth in a Less Developed Country (LDC)—Ghana. Using time series data from Ghana and a five equation simultaneous model, we find that exchange rate distortion, as measured by the black market premium, has a deleterious effect on economic growth rate. The negative effect is imparted through reduced investment and a constriction of international trade. The results imply that liberalized exchange rate policies will enhance the growth prospects of LDCs, especially those in Sub-Saharan Africa. [F 31, O 55].",

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N2 - This paper investigates the effects of exchange rate distortion on economic growth in a Less Developed Country (LDC)—Ghana. Using time series data from Ghana and a five equation simultaneous model, we find that exchange rate distortion, as measured by the black market premium, has a deleterious effect on economic growth rate. The negative effect is imparted through reduced investment and a constriction of international trade. The results imply that liberalized exchange rate policies will enhance the growth prospects of LDCs, especially those in Sub-Saharan Africa. [F 31, O 55].

AB - This paper investigates the effects of exchange rate distortion on economic growth in a Less Developed Country (LDC)—Ghana. Using time series data from Ghana and a five equation simultaneous model, we find that exchange rate distortion, as measured by the black market premium, has a deleterious effect on economic growth rate. The negative effect is imparted through reduced investment and a constriction of international trade. The results imply that liberalized exchange rate policies will enhance the growth prospects of LDCs, especially those in Sub-Saharan Africa. [F 31, O 55].

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Exchange Rate Distortion And Economic Growth In Ghana

Abstract

All Science Journal Classification (ASJC) codes

UN SDGs

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