Financial Liberalization and Growth in Ghana: An Application of the ARDL Bounds Testing Approach

Adam, Anokye M.

doi:10.2139/ssrn.1349547

Abstract

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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

Abstract:
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, C23

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Date posted: February 26, 2009 ; Last revised: May 4, 2009

Suggested Citation

Adam, Anokye M., Financial Liberalization and Growth in Ghana: An Application of the ARDL Bounds Testing Approach (February 25, 2009). Available at SSRN: http://ssrn.com/abstract=1349547 or http://dx.doi.org/10.2139/ssrn.1349547

Contact Information

Anokye M. Adam (Contact Author)

University of Cape Coast - School of Business ( email )

Cape coast
Ghana