Computer Science
6 years ago

Foreign Investment Drives Economic Growth in Ghana, Study Finds

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Mathematical theory and modeling
Vector Autoregressive Models for Multivariate Time Series Analysis; Macroeconomic Indicators in Ghana
Erasmus Tetteh-Bator, Mohammed Adjei Adjieteh, Lin Chun Jin, Theophilus Quachie Asenso

Paper Summary

The study looked at how real GDP, exchange rate, foreign direct investment (FDI), and unemployment rate in Ghana are related. They used a special model to analyze the data from 1991 to 2016. The results showed that FDI has a positive impact on real GDP, exchange rate, and unemployment rate in Ghana. Additionally, FDI was found to cause changes in the other variables. This means that FDI plays a significant role in the Ghanaian economy.

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