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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/11262

Title: Empirical Analysis of the Relationship between Industrial Performance and Macroeconomic Factors in Ghana
Authors: Mensah, Frederick
Ofori-Abebrese, Grace
Pickson, Robert Becker
Keywords: Industrial output
government expenditure
inflation
employment
lending rate
Issue Date: 9-May-2016
Publisher: British Journal of Economics, Management & Trade
Citation: British Journal of Economics, Management & Trade 13(4): 1-11, 2016, Article no.BJEMT.25092
Abstract: The conscious attempt to ascertain the wide range of macroeconomic factors that drive industrial production in Ghana necessitated this study. The main purpose of this study is to ascertain the impact that macroeconomic factors have on industrial performance in Ghana over the period 1980 to 2013. The Autoregressive Distributed Lag Model was employed to examine the long run and the short run dynamics of macroeconomic factors and industrial output. The study found cointegration relationship between industrial output and the macroeconomic factors. The results indicated that the major macroeconomic factors that affect industrial performance in Ghana are lending rate (+), inflation (+), employment (+) and government expenditure (+). Based on the findings, the study recommends that the government of Ghana should stabilize the macroeconomic environment of Ghana in order to achieve industrial growth and development.
Description: Article published in the British Journal of Economics, Management & Trade, 2016 found at DOI: 10.9734/BJEMT/2016/25092
URI: http://hdl.handle.net/123456789/11262
ISSN: 2278-098X
Appears in Collections:College of Arts and Social Sciences

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