文章基本信息

标题：Oil Price Shocks and Private Investment in Ghana
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作者：Emmanuel Agyapong WIAFE ; Charles BARNOR ; Christopher QUAIDOO 等
期刊名称：Journal of Economics and Sustainable Development
印刷版ISSN：2222-2855
电子版ISSN：2222-2855
出版年度：2015
卷号：6
期号：22
页码：1-7
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：This study examines the effect of oil prices on domestic investment in Ghana using quarterly time series data from 1984 to 2012. Dynamic Ordinary Least Squares (DOLS) technique was used to estimate the effect of oil price on domestic investment in Ghana. The analysis revealed that there is long run relationship between domestic private investment, oil price shocks, exchange rate, inflation, income and credit to private sector. The study found negative effect of oil price shocks on investment. This indicate that shock in oil prices leads to a reduction in investment. It is therefore recommended that mechanisms be put in place to check or cushion the economy against oil price shocks and variability. This could be done through providing domestic credit to the private sector to boast investment.
关键词：Investment; Oil price shocks; Oil price JEL Code E22; E29; G00; G11