Financial Liberalization and Growth in Ghana: An Application of the ARDL Bounds Testing Approach
Anokye M. Adam
University of Cape Coast - School of Business
February 25, 2009
In this paper we examined the impact of the liberalization of financial sector on growth in small open economy of Ghana using time series data from 1970 to 2007. Using autoregressive distributed lag (ARDL) modelling approach we find long-run positive and significant impact of financial liberalization on per capita GDP growth.
Number of Pages in PDF File: 19
Keywords: Financial Liberalisation, Economic Growth, Principal Component Method, Cointegration, ARDL Modelling
JEL Classification: C43, E65, G28, O16, G15, F43, O40, C23working papers series
Date posted: February 26, 2009 ; Last revised: May 4, 2009
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