Publication:
Economic Growth in Ghana : Determinants and Prospect

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dc.contributor.authorRaggl, Anna K.
dc.date.accessioned2014-02-03T20:58:00Z
dc.date.available2014-02-03T20:58:00Z
dc.date.issued2014-01
dc.description.abstractThis 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/01/18832579/economic-growth-ghana-determinants-prospect
dc.identifier.doi10.1596/1813-9450-6750
dc.identifier.urihttps://hdl.handle.net/10986/16828
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6750
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGGREGATE MEASURE
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE GROWTH RATE
dc.subjectAVERAGE SHARE
dc.subjectCAPITAL VARIABLE
dc.subjectCOAL
dc.subjectCOMPETITIVENESS
dc.subjectCONVERGENCE EFFECTS
dc.subjectCOUNTRY CHARACTERISTICS
dc.subjectCOUNTRY EFFECTS
dc.subjectCOUNTRY SIZE
dc.subjectCOUNTRY SPECIFIC
dc.subjectCROSS COUNTRY
dc.subjectCROSS-COUNTRY PANEL
dc.subjectDATA AVAILABILITY
dc.subjectDEMOCRACY
dc.subjectDEPENDENT VARIABLE
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT RESEARCH
dc.subjectDOMESTIC PRODUCTS
dc.subjectDRIVERS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC LITERATURE
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMICS
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEMPIRICAL ANALYSIS
dc.subjectERROR TERM
dc.subjectEXPLANATORY POWER
dc.subjectEXPLANATORY VARIABLES
dc.subjectEXPORTS
dc.subjectFIXED EFFECTS
dc.subjectFORECASTS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS DOMESTIC PRODUCT GROWTH
dc.subjectGROSS DOMESTIC PRODUCT PER CAPITA
dc.subjectGROWTH MODELS
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectGROWTH REGRESSION
dc.subjectGROWTH REGRESSIONS
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME GROWTH
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINCREASE GROWTH
dc.subjectINFLATION
dc.subjectINFLATION RATES
dc.subjectINTERNATIONAL COMPARISONS
dc.subjectINTERNATIONAL OPENNESS
dc.subjectLINEAR RELATIONSHIP
dc.subjectLONG RUN
dc.subjectNATURAL CAPITAL
dc.subjectNATURAL LOGARITHM
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE IMPACT
dc.subjectOIL
dc.subjectOIL PRICES
dc.subjectOIL PRODUCTION
dc.subjectOUTPUT GROWTH
dc.subjectPANEL FRAMEWORK
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA GROWTH RATE
dc.subjectPOLICY DISCUSSIONS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY MEASURES
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL DEMOCRACY
dc.subjectPOLITICAL STABILITY
dc.subjectPOPULATION RESEARCH
dc.subjectPOSITIVE CORRELATION
dc.subjectPOSITIVE IMPACT
dc.subjectPOSITIVE RELATIONSHIP
dc.subjectPOVERTY RATES
dc.subjectPOVERTY REDUCTION
dc.subjectPREDICTED GROWTH
dc.subjectPUBLIC SERVICE
dc.subjectREAL GDP
dc.subjectREGRESSION ANALYSIS
dc.subjectRELATIVE IMPORTANCE
dc.subjectRENTS
dc.subjectSERVANTS
dc.subjectSIGNIFICANT IMPACT
dc.subjectTIMBER
dc.subjectTRADE OPENNESS
dc.subjectWEALTH
dc.titleEconomic Growth in Ghana : Determinants and Prospecten
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleEconomic Growth in Ghana: Determinants and Prospects
okr.date.disclosure2014-01-01
okr.date.doiregistration2025-04-10T11:40:39.331761Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/01/18832579/economic-growth-ghana-determinants-prospect
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticePoverty
okr.globalpracticeEnvironment and Natural Resources
okr.guid148271468281083854
okr.identifier.doi10.1596/1813-9450-6750
okr.identifier.externaldocumentum000158349_20140122092822
okr.identifier.internaldocumentum18832579
okr.identifier.reportWPS6750
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/01/22/000158349_20140122092822/Rendered/PDF/WPS6750.pdfen
okr.region.administrativeAfrica
okr.region.countryGhana
okr.topicEnvironmental Economics and Policies
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicPoverty Reduction::Inequality
okr.topicSocial Protections and Labor::Labor Policies
okr.topicEconomic Theory and Research
okr.topicEnvironment
okr.topicMacroeconomics and Economic Growth
okr.unitPoverty Reduction and Economic Management Department, Africa Region
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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