Ghana at Sixty

Aryeetey, Ernest; Kanbur, Ravi

doi:10.1093/acprof:oso/9780198753438.003.0001

Cited by 7 publications

(6 citation statements)

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“…This shows that the current oil production contributes to significant proportion of Ghana’s total domestic revenue. Ghana is an export driven growth economy and significant proportion of the export revenue is made from exporting natural resources including gold, cocoa, bauxite, diamond, crude oil and others (Aryeetey and Kanbur, 2017). Hence, the Ghanaian economy will be weakened without natural resources.…”

Section: Introductionmentioning

confidence: 99%

The causative relationship between natural resource rent and economic growth: evidence from Ghana’s crude oil resource extraction

Adabor

Buabeng

Dunyo

2022

IJESM

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Purpose While the relationship between natural resource rent and economic growth is well documented in the literature, not much robust analysis has been done to estimate the causative relationship between oil resource rent and economic growth in Ghana. This might be due to the fact that commercial production of crude oil started not long ago in Ghana. This paper aims to examine the causal relationship between oil resource rent and economic growth for the period of 2011 to 2020 in Ghana. Design/methodology/approach The study incorporates economic growth as a function of oil resource rent, non-oil revenue, foreign direct investment, capital and interest rate in a Cobb–Douglass production function/model. The study used four different estimation strategies including the autoregressive distributed lags model, Toda–Yamamoto test approach, nonlinear autoregressive distributed lags model and nonlinear Granger causality. Findings The main finding revealed that 1% increase in oil resource rent generates 0.84% increase in economic growth of Ghana in the long run. Contrary, the authors find an insignificant positive effect of oil resource rent on economic growth of Ghana in the short run for the period under study. The result from the Toda–Yamamoto test approach also showed a unidirectional causality running from oil resource rent to economic growth of Ghana, providing evidence in support of the resource blessing hypothesis in Ghana. The results are robust to two different alternative estimation strategies. Originality/value The causal relationship between crude oil resource rent and economic growth is examined.

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Section: Introductionmentioning

confidence: 99%

The causative relationship between natural resource rent and economic growth: evidence from Ghana’s crude oil resource extraction

Adabor

Buabeng

Dunyo

2022

IJESM

View full text Add to dashboard Cite

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“…Since Africa is a diverse continent, richer insights about future transformation trajectories are more likely from country case studies than continent-wide analyses. Therefore, this book focuses in depth on Ghana, which has been viewed as one of Africa's success stories in terms of growth in per capita income (PCI), agricultural output, the achievement of middle-income status, reductions in poverty, and the maintenance of peace and social cohesion (Fosu 2009;McKay et al 2016;Aryeetey and Baah-Boateng 2016;Aryeetey and Kanbur 2017). This success should not be surprising given that by many standards Ghana has it all: a rich mineral base (particularly bauxite, gold, diamonds, phosphates, and oil); a robust and consolidated democracy; generous amounts of agricultural land per capita; a generally favorable climate for agriculture; and a well-developed coastal city and port with direct access to international shipping lanes.…”

Section: Why Ghana?mentioning

confidence: 99%

“…In addition, just as unemployment is one of the most pressing concerns for Africa, the lack of productive jobs for a large share of workers is problematic in Ghana, especially as there are growing concerns about its future growth prospects (Aryeetey and Kanbur 2017). Per capita incomes have grown consistently since the mid-1980s; but, at 2.8 percent per year on average, its growth is much lower than achieved in many Asian countries that started at similar levels of per capita incomes in the 1960s.…”

Section: Why Ghana?mentioning

confidence: 99%

Introduction

Diao¹,

Kolavalli²,

Resnick³

2019

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“…Unarguably, real estate in the context of developing countries constitutes a significant proportion of gross domestic product and is vital for operationalization of the economy by facilitating the key functions of corporate organizations. Ghana recently gained a middle-income status driven by rapid economic growth, political stability and resources richness (Aryeetey and Kanbur, 2017). The drive to sustain Ghana’s fragile economy depends on the macroeconomic performance which depends on corporate institutions (Ho and Iyke, 2020).…”

Section: Introductionmentioning

confidence: 99%

Content validation of value-adding indicators for corporate real estate management: insights from a developing country

Amos

Boakye-Agyeman

2022

JCRE

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Purpose The purpose of this study is to test the content validity of value-adding indicators derived from a comprehensive review of literature and expert interviews within the context of the nascent corporate real estate management (CREM) practices in Ghana. Design/methodology/approach A questionnaire survey was conducted on a panel of experts to assess the content relevance and clarity of the value-adding indicators. The individual content validity (I-CVI) index as well as the average scale content validity index (S-CVI) were computed. Preliminary interviews were analyzed using summative content analysis. Findings The I-CVI for relevance and clarity ranged from 0.33 to 1.00, whereas the average S-CVI was > 0.80. Critical analysis of the results by corrections, eliminations due to lower I-CVI scores and suggestions from the experts resulted in a final list of 50 indicators grouped under 10 domains. The results from the content validity confirm the applicability of the value-adding indicators in literature within the Ghanaian context. The study provides detailed sustainability indicators while introducing a new value-adding parameter that relates to CREM preparedness for pandemics such as the Covid-19. Research limitations/implications Further psychometric assessment such as construct validity, inter- and intra-examiner reliability and internal consistency of the indicators is recommended. Practical implications The indicators developed through the content validation can assist in the design and review of measures for the assessment of added value by corporate real estate managers and researchers. Originality/value The paper presents the first attempt to test and develop added value indicators within the context of a developing country by taking a systematic content validation procedure.

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Ghana at Sixty

Cited by 7 publications

References 0 publications

The causative relationship between natural resource rent and economic growth: evidence from Ghana’s crude oil resource extraction

The causative relationship between natural resource rent and economic growth: evidence from Ghana’s crude oil resource extraction

Introduction

Content validation of value-adding indicators for corporate real estate management: insights from a developing country

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