ABSTRACT This study investigates the responses of private sector credit (PSC), output (RGDP) and prices (CPI) to monetary policy shocks in Ghana. The study adopted the technique of Vector Autoregression (VAR) using monthly data from 1990 to 2015. A base VAR was first estimated which comprised of RGDP, CPI, PSC and 91-day Treasury bill rate. Shocks to the Treasury bill rate were identified as monetary policy shocks. The base VAR was then extended to include money supply, exchange rate and pr...
ABSTRACT This thesis focuses on the effect of education on an individual‟s earnings in Ghana. The Mincer (1974) earnings equation is used in examining the relationship between different educational levels and their effect on earnings in Ghana. The study found that there are positive returns to education in Ghana and as such the earnings of an individual rise as a result of additional years of schooling. The findings of the study was confirmed by a cited research by Palmer (2006), noting th...
ABSTRACT This study investigates the effect of economic growth and international trade openness on carbon dioxide (CO2), methane (CH4), nitrogen oxide (N2O) and the fluorinated gases (F-gases) emissions. It also examines whether the trade-induced emissions originate from countries‟ relative factor endowment or/and environmental regulations using panel data for 18 African countries, spanning from 1990 to 2014 and the Generalized Method of Moment (GMM) estimation technique. The results indic...
ABSTRACT Wages and earnings have been a constant source of interest to labour economists. This study investigates the influence of non-pecuniary factors like personality traits, prestige, education, parents among others on occupational choice using primary data collected from a survey of 150 purposive sampled professionals in the entertainment and sports industry in Ghana. A multinomial logit (MNL) analysis was conducted to examine the significance and marginal effects of these non-pecuniary...
ABSTRACT Most of the studies relating banking activities and macroeconomic behavior of many nations focused on the effect of macroeconomic instability on banking sectors. This study rather examines the impact of banking instability on the Nigerian economy. Annual data were used ranging from 1980 to 2011 drawn from various data publication issues domestically and those outside the country. Variables taken into consideration in the course of analysis are those proxies to the banking instabilit...
ABSTRACT Over the last three decades Agriculture has gained enormous success in reducing poverty on a global scale. In Africa, much of the impetus behind the large and increasing support from governments, NGOs and benevolent agencies for the Agricultural sector including the Shea industry, hinge on the assumption that its economic and social impact are momentous and influential in alleviating poverty among the unskilled labour force most especially among the rural folks and its contribution ...
ABSTRACT Electricity continues to be a major contributor to the development of the economy of every country, Ghana not exempted. There is, therefore, growing interest to ensure that the supply of electricity meets the demand in all sectors of the Ghanaian economy. The economic costs and environmental issues underpinning electricity is, however, a huge bottleneck to the aspirations of Ghana as a country. The study seeks to explore a long-term (2018 to 2048) comprehensive energy supply strateg...
ABSTRACT Whiles unemployment remains a challenge in Sub-Saharan African countries, trade openness has been identified in the literature as unemployment inducing. Nevertheless, the assessment of the effect of trade openness on unemployment has not received much attention in Sub-Saharan Africa. This study therefore empirically investigates the effects of trade openness on aggregate unemployment and youth unemployment in SSA. The study adopts the system GMM estimator in order that consistent and...
ABSTRACT This study centres on investment in human resources for the transformation of Nigerian economy with focus on the Nigerian Universities. Issues and problems relating to human resources development and planning are analyzed to ascertain the extent of its contribution to the transformation of the Nigerian economy. More to this was the examination of the issues surrounding the persistent yawning gap between highly skilled human labour developed at the Universities and the development of ...
ABSTRACT Economic activity in Ghana is largely dependent on natural resources, more specifically minerals which are exploited unsustainably. Using the net price and user cost approaches, the paper estimates the depletion of mineral resources for the period 2000 – 2012 and consequently the adjusted national income for these resources. The results using the net price method indicates that gold, diamond, bauxite and manganese exhibit some level of depletion cost with gold having the highest de...
ABSTRACT This study aimed at finding the effect of financial access on the employment levels of firms in Ghana. It further establishes some basic factors that determine various firms’ financial access. The study used a firm-level survey of 720 firms, which was conducted by the World Bank in Ghana in 2013. Employment growth levels of firms was estimated and regressed using the TwoStage Least Square (2sls), on several firm level characteristics including financial access. The result indicated...
ABSTRACT Organizational justice is an essential component and predictor of successful organizations. Organization that is fair and just in its procedures, policies, interactions and distribution systems, employees of that organization give better response to the organization in terms of their positive behaviours and productivity thus the main objective of this study was to investigate the effect of organizational justice on citizenship behaviour in Nigeria breweries. The study adopted th...
ABSTRACT Organizational justice is an essential component and predictor of successful organizations. Organization that is fair and just in its procedures, policies, interactions and distribution systems, employees of that organization give better response to the organization in terms of their positive behaviours and productivity thus the main objective of this study was to investigate the effect of organizational justice on citizenship behaviour in Nigeria breweries. The study adopted the...
ABSTRACT This research study examined the determinants of exchange rate in Nigeria from 1980-2014. For this purpose, annual figures of interest rate, inflation and degree of trade openness at the economy were regressed on exchange rate in a framework of multiple models; ordinary least square (OLS) technique at estimation was employed. The result revealed that inflation rate was an insignificant determinant of exchange rate. Also interest rate was revealed to be insignificant determinant of e...
ABSTRACT The quest to mobilize sustainable domestic revenues for financing development is a challenge for many countries, especially those in the developing world. Discovering non-renewable natural resources should therefore be good news. However, the notion of a natural resource curse suggests that countries that are rich in natural resources often perform poorly on several development outcomes. A related term, fiscal resource curse, has emerged. The fiscal resource curse is the inability o...