The effect of international trade on economic growth: Evidence from Ghana

نویسندگان

چکیده

International trade has been paramount to every country, especially developing economies, as it enables them access goods and services they cannot produce. The Ghanaian economy highly dependent on imports over the years. This study examined effects of foreign (export import) economic growth using data from World Bank 1990 2020. To ensure accuracy results, econometric methods including a unit root test, Johansen cointegration vector error correction model Granger causality were employed. ADF Kwiatkowski-Phillips-Schmidt-Shin tests showed that variables non-stationary at level integrated first-order difference. finds exports support Ghana's advancement. recommends government supports encourage domestic firms produce large scale for consumption exports. Keywords: Economic growth, exports, GDP, imports, VECM;

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ژورنال

عنوان ژورنال: Global Journal of Business, Economics and Management

سال: 2023

ISSN: ['2301-2579']

DOI: https://doi.org/10.18844/gjbem.v13i1.8705