아프리카ㆍ중동
연구정보
[경제] Domestic savings in sub-Saharan Africa : The case of Ghana
가나 국외연구자료 연구보고서 - WIDER 발간일 : 2023-03-28 등록일 : 2023-04-06 원문링크
One essential condition of economic progress in any society is an ample supply of savings, which depends on the growth of real capital.
Economists agree that higher investment rates will lead to higher growth. Thus, domestic savings is considered an important determinant of growth in developing countries. However, Ghana has one of the poorest savings performances in the world. There are many reasons for the low savings rates in Ghana.
In view of Ghana’s aspiration to wean herself ‘Beyond Aid’, this study aims to provide an understanding of the long-run relationship between variables considered to be important determinant savings in Ghana. We employ time series analyses using data from 1980–2020 to capture the effects of the major policy changes in the financial sector of the history of the country, which are also likely to have implications for private savings.
While the empirical analyses provide no compelling evidence of a long-run relationship between private savings and the variables considered, estimates from the short-run analysis suggest that per capita income and money supply have a significant positive relationship with domestic savings.
This finding is particularly instructive because it suggests that policy makers must think critically about the kinds of policies and reforms required to boost domestic resource mobilization in the long term.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
| 이전글 | [경제] Country Focus Report 2022 - Supporting climate resilience and a just energy... | 2022-11-27 |
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| 다음글 | [경제] Macro Poverty Outlook for Ghana : April 2023 | 2023-04-21 |
