Click here for search results
Economic growth in Ghana : determinants and prospect
 
Author:Raggl, Anna K.; Collection Title:Policy Research working paper ; no. WPS 6750
Country:Ghana; Date Stored:2014/01/22
Document Date:2014/01/01Document Type:Policy Research Working Paper
SubTopics:Achieving Shared Growth; Environmental Economics & Policies; Economic Theory & Research; Inequality; Labor PoliciesLanguage:English
Region:AfricaReport Number:WPS6750
Volume No:1 of 1  

Summary: This paper employs a simple cross-country panel framework to assess the determinants of growth in Ghana's gross domestic product over the past four decades. A set of standard covariates is used to explain growth rates. Natural resource variables are included because the effects of natural resource rents in gross domestic products are of particular interest for Ghana. Using the preferred specification, Ghana's growth potential is predicted for the upcoming decades under different scenarios. The results indicate that under the most pessimistic scenario of no improvements in the determinants of growth compared with the period 2005-09, Ghana's gross domestic product per capita growth rates will stagnate at approximately 4.5 percent during the next decade and decrease thereafter. If the policy measures and country characteristics improve in the way they did in the past three decades, average per capita growth rates of roughly 5.5 percent could be reached during 2015-34. Taking into account the expected oil production until 2034 adds 0.6 percentage points to projected gross domestic product growth rates on average.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 26 pagesOfficial version*1.82 (approx.)
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.



Permanent URL for this page: http://go.worldbank.org/H6I6DGLUR0