Financial Sector Stability and Gross Domestic Savings in Ghana

Yakubu, Ibrahim Nandom; Oumarou, Seydou; Abdallah, Iliasu

doi:10.15282/ijim.13.1.2022.7265

Cited by 2 publications

(1 citation statement)

References 13 publications

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“…The study applies the fully modified least squares (FMOLS) technique in the data analysis. In comparison with alternative least-squares techniques, the FMOLS technique offers superior results and addresses the problem of biased estimates (Yang et al, 2021;Yakubu et al, 2022b). Prior to the model estimation, the study checked for stationarity of the variables to ensure accurate model estimates.…”

Section: Estimation Techniquementioning

confidence: 99%

Exploring industrialization and environmental sustainability dynamics in Ghana: a fully modified least squares approach

Musah

Yakubu²

2022

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PurposeThis paper seeks to provide empirical insight into how industrialization and technology affect environmental quality in Ghana.Design/methodology/approachUsing Ecological Footprint (ECF) as a measure of environmental degradation, the authors employ annual data from World Development Indicators of the World Bank and the Global Footprint Network spanning from 1970 to 2017 and apply the fully modified least squares (FMOLS) technique.FindingsThe results reveal that industrialization has a negative significant influence on ECF, suggesting that industrialization contributes to environmental sustainability in Ghana. The authors find that technology is harmful to the environment as it has a positive significant effect on ECF. The study also documents that while education and financial development improve environmental sustainability, fossil fuel consumption exacerbates environmental degradation in Ghana.Originality/valueThe environmental impact of industrialization is still being debated, with very scanty empirical evidence in the African context. Based on a detailed review of the literature, this paper provides an initial attempt to investigate the industrialization–environmental sustainability nexus in Ghana. Besides, whereas most extant studies have employed CO2 emission as a proxy of environmental degradation, the authors use ECF to gauge the level of environmental degradation which is regarded as a more inclusive metric.

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Section: Estimation Techniquementioning

confidence: 99%

Exploring industrialization and environmental sustainability dynamics in Ghana: a fully modified least squares approach

Musah

Yakubu²

2022

TECHS

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From Humble Beginnings to a Global Economic Powerhouse: A Comprehensive Study of India’s Economic Development Through the Lens of Selected Macroeconomic Indicators (1990–2020)

Jaiswal

2023

Ann. Finan. Econ.

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Amidst the tumultuous COVID-19 pandemic and the Russia–Ukraine conflict, India has defied the odds and exhibited remarkable consistency in its macroeconomic performance, surpassing other top 10 global economies. This laudable progress was made even in the aftermath of significant prior disruptions. Therefore, the objective of this research paper is to meticulously scrutinize the macroeconomic determinants that impacted India’s economic growth from 1990 to 2020. The data utilized was sourced from the Reserve Bank of India, and a time series econometric technique was employed to identify stationary and its co-integration using an auto-regressive distributed lag (ARDL) model. This study exhaustively investigates the impact of five macroeconomic indicators, exports, imports, gross capital formation, gross savings, and gross inflow, which propel economic growth. Our findings unequivocally demonstrate that exports, gross capital formation, gross savings, and gross inflows have an indisputably positive and significant effect on India’s economic growth in the short and long run. However, imports negatively impact both the short and long runs. Other macroeconomic variables could not be comprehensively covered due to the absence of relevant data. Nevertheless, this study confers novel insights to policymakers and researchers alike by examining both the short-run and long-run dynamics and employing the Wald test to provide a profound understanding of the macroeconomic determinants indispensable for realizing sustainable economic growth. To the best of the author’s knowledge, this study constitutes a pioneering and original endeavor that undertakes a comprehensive and nuanced examination of economic growth by analyzing multiple macroeconomic indicators simultaneously, thereby providing a holistic and multifaceted understanding of the complex phenomenon of economic growth.

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Financial Sector Stability and Gross Domestic Savings in Ghana

Cited by 2 publications

References 13 publications

Exploring industrialization and environmental sustainability dynamics in Ghana: a fully modified least squares approach

Exploring industrialization and environmental sustainability dynamics in Ghana: a fully modified least squares approach

From Humble Beginnings to a Global Economic Powerhouse: A Comprehensive Study of India’s Economic Development Through the Lens of Selected Macroeconomic Indicators (1990–2020)

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