stdClass Object
(
    [id] => 5834
    [paper_index] => 202109-07-008389
    [title] => THE IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN GHANA
    [description] => 
    [author] => Adubofour Isaac, Mangudhla Tinashe, Dadzie Benjamin Mensah
    [googlescholar] => https://scholar.google.co.in/scholar?hl=en&as_sdt=0%2C5&q=THE+IMPACT+OF+EXTERNAL+DEBT+ON+ECONOMIC+GROWTH+IN+GHANA%2CAdubofour+Isaac&btnG=
    [doi] => https://doi.org/10.36713/epra8389
    [year] => 2021
    [month] => September
    [volume] => 8
    [issue] => 9
    [file] => 1149pm_1.EPRA JOURNALS 8389.pdf
    [abstract] => The debt position of a country is crucial to the growth of its economy. We argue with empirical basis in this study that, external debt has impact on the growth of Ghana’s economy. A time- series data, spanning from 1991-2019 was analyzed. The findings of the study suggested a statistically significant and inverse relationship between external debt and economic growth. It is also argued in the study that, Ghana’s inflation regime has a significant impact on the growth of her economy. The study further verified the relationship between foreign direct investment and economic growth in Ghana. Results of the study revealed a significant and direct relationship between foreign direct investment in Ghana and the growth of the country’s economy. A test on granger causality found no causal linkage between external debt and economic growth in Ghana. The contribution of the study was finally discussed and limitations stated to serve as a guide for future study.   
    [keywords] => External debt, economic growth, inflation, foreign direct investment, time series data.
    [doj] => 2021-09-06
    [hit] => 2082
    [status] => y
    [award_status] => P
    [orderr] => 1
    [journal_id] => 7
    [googlesearch_link] => 
    [edit_on] => 
    [is_status] => 1
    [journalname] => EPRA International Journal of Economics, Business and Management Studies (EBMS)
    [short_code] => IJHS
    [eissn] => 2347-4378
    [pissn] => 
    [home_page_wrapper] => images/products_image/2.EBMS.png
)
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