Gold Price Dynamics and Economic Growth in Ghana: Evidence from an ARDL Bounds Testing Approach
Using an ARDL bounds testing approach on data from 1990 to 2024, this study finds that while trade openness and foreign direct investment significantly drive Ghana's long-term economic growth, domestic credit to the private sector negatively impacts short-term GDP, suggesting a need for policies that enhance trade liberalization, attract quality FDI, and improve credit allocation efficiency.
Original paper licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). This is an AI-generated explanation of the paper below. It is not written or endorsed by the authors. For technical accuracy, refer to the original paper. Read full disclaimer
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