Scholarlink

<p>Global recognition of the stimulating influence of trade openness and gross capital formation in shaping the economic growth and development discourse remain contemporary, especially for developing economies. This study accordingly attempts to empirically analyze the moderating role of gross capital formation on the trade openness-growth relationship in Ghana. The study used data from 1990 to 2022 and employed the Auto Regressive Distributive Lag (ARDL) methodology. Findings of the study revealed that both trade openness and gross capital formation foster long term growth, but their interaction negatively influence GDP, reflecting a poor synergy between investment and trade policies. While unemployment impedes short run growth, remittances and inflation adversely affect long-run growth. The study recommends that government synergize trade and investment policies, control inflation, and leverage remittances to the African Continental Free Trade Area (AfCFTA) initiative to ensure sustainable economic growth and development.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Analyzing the trade openness and investment synergy in Ghana’s growth trajectory: an ARDL bound test approach

  • 期刊论文

  • 发表日期：

    2026年5月27日

查看全文
  • Mohammed Ridwan Saani,
  • Abdul-Malik Abdulai,
  • Mohammed Munira Alhassan

摘要

Global recognition of the stimulating influence of trade openness and gross capital formation in shaping the economic growth and development discourse remain contemporary, especially for developing economies. This study accordingly attempts to empirically analyze the moderating role of gross capital formation on the trade openness-growth relationship in Ghana. The study used data from 1990 to 2022 and employed the Auto Regressive Distributive Lag (ARDL) methodology. Findings of the study revealed that both trade openness and gross capital formation foster long term growth, but their interaction negatively influence GDP, reflecting a poor synergy between investment and trade policies. While unemployment impedes short run growth, remittances and inflation adversely affect long-run growth. The study recommends that government synergize trade and investment policies, control inflation, and leverage remittances to the African Continental Free Trade Area (AfCFTA) initiative to ensure sustainable economic growth and development.