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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/10681

Title: The financial determinants of private investment in ghana
Authors: Eshun, Maame Esi
Adu, George
Buabeng, Emmanuel
Keywords: Private investment
Bounds test
Cointegration
Ghana
Issue Date: Aug-2014
Publisher: MPRA Paper
Citation: MPRA Paper ,No. 57570, posted 6. August 2014
Abstract: This paper examines the financial determinants of private investment in Ghana using annual time series data from 1970 to 2010. Based on the autoregressive distributed lag (ARDL) bounds testing procedure to cointegration, the paper finds existence of cointegration among the variables. The empirical results support the view that private investment declines in both the short run and long run if the real interest rate is high and investors face severe financing constraints when credit is made scarce to the sector. Recommended were policies that would eliminate the financing constraints to make credit easily accessible to private investors.
Description: An article published by MPRA Paper, No. 57570, posted 6. August 2014
URI: http://hdl.handle.net/123456789/10681
Appears in Collections:College of Arts and Social Sciences

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