关键词:
Impact
Export
Import
Economic growth
Ghana
摘要:
International trade is the backbone of every economy,especially *** trade is a major source of economic revenue for any nation that is considered a world *** international trade,nations would be limited to goods and services produced within their borders or *** is very active in international trade,but the gains from international trade to Ghana's economy have not been appreciated by the people in the *** is the second-largest exporter of cocoa to the international market and also a major producer of gold and other commodities such as crude oil,diamond,and ***'s international trade has experienced rapid expansion,along with its spectacular economic growth that has made the country and its *** study establishes an economic model that provides a deeper understanding of the relationship between international exchange and economic growth in the Ghanaian *** determines and quantifies the impacts of export and imports on economic growth in Ghana from 1998 to *** simulation technique of co-integration and error correction was employed in estimating the various *** whole estimation process consists of five steps: first,root unit test,second,co-integration test,third,causality of the Granger and fourth,VAR stability *** key variables employed in this study are GDP as an indicator of economic growth and the trade variables,including export and import of Cocoa and Gold and exchange rate and inflation *** findings of the study indicate there's a positive and significant relationship between Gold and Cocoa export on the overall economic growth(GDP)of *** so,there was a positive and significant relationship between the exchange rate and economic *** the contrary,imports and inflation rate impact negatively on the economic growth of the ***,it was observed that cocoa and gold have a long-run effect on overall GDP whiles imports,exchange rate,and inflation