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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/7355

Title: Democracy, Government Spending and Economic Growth: The Case of Ghana, 1960–2008
Authors: Sakyi, Daniel
Adams, Samuel
Keywords: Democracy
Government Spending
Economic Growth
Cointegration
Ghana
Issue Date: 2012
Publisher: The Journal of Applied Economic Research
Citation: The Journal of Applied Economic Research 6 : 3 (2012): 361–383
Abstract: Economic theory predicts a growth enhancing activities of various core functions of government. Nonetheless, government spending in non-democratic countries often goes beyond these core functions, namely into rent-seeking and non-productive activities. This paper employs the Autoregressive Distributed Lag bounds testing approach to cointegration to investigate the extent to which democracy and government spending have had an impact on economic growth in Ghana over the period 1960–2008. The empirical results obtained are encouraging, revealing support for the high effi ciency of government spending in democracies’ hypothesis. The paper demonstrates that democracy and government spending go hand in hand to have a positive impact on economic growth in Ghana in both the long and short run. The fi ndings and policy recommendations of the paper provide vital information relevant for developing countries involved in the democratisation process.
Description: Article published in The Journal of Applied Economic Research, 2012.
URI: http://hdl.handle.net/123456789/7355
Appears in Collections:College of Arts and Social Sciences

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