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

Adam, Anokye M.

doi:10.2139/ssrn.1349547

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

19 Pages Posted: 26 Feb 2009 Last revised: 4 May 2009

See all articles by Anokye M. Adam

Anokye M. Adam

University of Cape Coast - School of Business

Date Written: 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.

Keywords: Financial Liberalisation, Economic Growth, Principal Component Method, Cointegration, ARDL Modelling

JEL Classification: C43, E65, G28, O16, G15, F43, O40, C23

Suggested Citation: 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: https://ssrn.com/abstract=1349547 or http://dx.doi.org/10.2139/ssrn.1349547