Does Foreign Direct Investment really affect Ghana’s Economic Growth?

Abstract

In this paper, we investigate the linkage between FDI and economic growth using macro econometric model in the Ghanaian context. Structural shocks in an SVAR model were used to identify the contemporaneous and short run relationships effects of these variables. The AB model restriction approach was used for the Identification and was compared to the Cholesky decomposition. We showed that, there exit a contemporaneous short run positive effects of FDI inflows on GDP growth but as the time horizon expands these effects tend to converge to the equilibrium, however FDI's deteriorate domestic investment.

Macroeconomic factors, firm characteristics and financial performance

“…Studies have indicated changes in the value of financial assets to be responsive to macroeconomic factors such as inflation rate, exchange rate, interest rates, GDP, money supply, unemployment rate, dividends yields and so forth (Fosu et al, 2014). The study focused on the following selected macroeconomic variables: interest rate, inflation, exchange rate, money supply and GDP (Table I).…”

Human capital and stock market performance of some selected emerging economies

“…The ability of the individual to invest (E) and GDP to test stationary cointegration relationships was assumed. The article examines the time-series properties of the variables by utilizing unit-root tests and the presence of a stochastic trend in the adapted regression model Fosu et al (2014). The stationarity of variables using the following tests; LLC, Breitung, IPS and Hadri was determined.…”

Does Macroeconomic and Firm Specific Factors drive Corporate Profitability? New Evidence from Pakistan

“…As firm has no control over its external environment therefore, firms evaluate changes occurring in the external environment before making long term decisions. Evidence from empirical studies suggests that changes in macroeconomic factors do affect the value of financial assets (Fosu et al, 2014).…”