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Empirical Analysis of the Relationship between Industrial Performance and Macroeconomic Factors in Ghana
Article published in the British Journal of Economics, Management & Trade, 2016 found at DOI: 10.9734/BJEMT/2016/25092
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
British Journal of Economics, Management & Trade
2018
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| _version_ | 1867613138997739520 |
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| access_status_str | Open Access |
| author | Mensah, Frederick Ofori-Abebrese, Grace Pickson, Robert Becker |
| author_browse | Mensah, Frederick Ofori-Abebrese, Grace Pickson, Robert Becker |
| author_facet | Mensah, Frederick Ofori-Abebrese, Grace Pickson, Robert Becker |
| author_sort | Mensah, Frederick |
| collection | Thesis |
| description | Article published in the British Journal of Economics, Management & Trade, 2016 found at DOI: 10.9734/BJEMT/2016/25092 |
| format | Article |
| id | oai:ir.knust.edu.gh:123456789/11262 |
| institution | KNUST (Ghana) |
| language | English |
| last_indexed | 2026-06-10T12:31:23.640Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| publisher | British Journal of Economics, Management & Trade |
| publisherStr | British Journal of Economics, Management & Trade |
| record_format | dspace |
| source_str | KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| spelling | oai:ir.knust.edu.gh:123456789/11262 Empirical Analysis of the Relationship between Industrial Performance and Macroeconomic Factors in Ghana Mensah, Frederick Ofori-Abebrese, Grace Pickson, Robert Becker Industrial output government expenditure inflation employment lending rate Article published in the British Journal of Economics, Management & Trade, 2016 found at DOI: 10.9734/BJEMT/2016/25092 The conscious attempt to ascertain the wide range of macroeconomic factors that drive industrial production in Ghana necessitated this study. The main purpose of this study is to ascertain the impact that macroeconomic factors have on industrial performance in Ghana over the period 1980 to 2013. The Autoregressive Distributed Lag Model was employed to examine the long run and the short run dynamics of macroeconomic factors and industrial output. The study found cointegration relationship between industrial output and the macroeconomic factors. The results indicated that the major macroeconomic factors that affect industrial performance in Ghana are lending rate (+), inflation (+), employment (+) and government expenditure (+). Based on the findings, the study recommends that the government of Ghana should stabilize the macroeconomic environment of Ghana in order to achieve industrial growth and development. KNUST 2018-06-04T12:39:12Z 2023-04-19T00:36:45Z 2018-06-04T12:39:12Z 2023-04-19T00:36:45Z 2016-05-09 Article British Journal of Economics, Management & Trade 13(4): 1-11, 2016, Article no.BJEMT.25092 2278-098X https://ir.knust.edu.gh/handle/123456789/11262 en application/pdf British Journal of Economics, Management & Trade |
| spellingShingle | Industrial output government expenditure inflation employment lending rate Mensah, Frederick Ofori-Abebrese, Grace Pickson, Robert Becker Empirical Analysis of the Relationship between Industrial Performance and Macroeconomic Factors in Ghana |
| title | Empirical Analysis of the Relationship between Industrial Performance and Macroeconomic Factors in Ghana |
| title_full | Empirical Analysis of the Relationship between Industrial Performance and Macroeconomic Factors in Ghana |
| title_fullStr | Empirical Analysis of the Relationship between Industrial Performance and Macroeconomic Factors in Ghana |
| title_full_unstemmed | Empirical Analysis of the Relationship between Industrial Performance and Macroeconomic Factors in Ghana |
| title_short | Empirical Analysis of the Relationship between Industrial Performance and Macroeconomic Factors in Ghana |
| title_sort | empirical analysis of the relationship between industrial performance and macroeconomic factors in ghana |
| topic | Industrial output government expenditure inflation employment lending rate |
| url | https://ir.knust.edu.gh/handle/123456789/11262 |
| work_keys_str_mv | AT mensahfrederick empiricalanalysisoftherelationshipbetweenindustrialperformanceandmacroeconomicfactorsinghana AT oforiabebresegrace empiricalanalysisoftherelationshipbetweenindustrialperformanceandmacroeconomicfactorsinghana AT picksonrobertbecker empiricalanalysisoftherelationshipbetweenindustrialperformanceandmacroeconomicfactorsinghana |