{"product_id":"ghanas-economic-growth-in-perspective-von-joseph-antwi-baafi","title":"Ghana's Economic Growth in Perspective","description":"\u003cp\u003eSome economist have predicted that the slower  growing economics will eventually converge with the  faster growing economy at some point in the future.  This is known as the convergence hypothesis. In this book, we test this hypothesis for Ghana and the  Western Europeans countries with UK been a proxy,  using time series data to determine whether or not  it holds. We determine how fast or slow this  convergence process is by using the returns to scale  concept on Ghana's economy and latter account for  factor that determines economic growth in sectors.  The book supported the null hypothesis of convergence i.e. Ghana is catching up with the  Western European. The book also shown that Ghana  growth accounting exhibit decreasing returns meaning  convergence is relatively slow and also signifies that Ghana is not on a balanced growth path. The  book showed a negative relationship between GDP and  labour both in the long run and short run  relationship. Again the book showed a positive  relationship between GDP and capital, Agric and Industrial sector. Lastly, the study showed a  negative relationship between GDP and AID and Service in the long run.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783843394093\"\u003e\u003ch3\u003eA time series approach to Convergence and Growth determinants\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783843394093","offer_id":39470089175133,"sku":"9783843394093","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/c43dfce2-4270-4fec-98a1-8a702462b455.jpg?v=1779598119","url":"https:\/\/shop.autorenwelt.de\/products\/ghanas-economic-growth-in-perspective-von-joseph-antwi-baafi","provider":"Autorenwelt Shop","version":"1.0","type":"link"}