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Is Ghana achieving sustainable trade balance in the participation of international trade? time series assessment for Ghana

Antwi-Boateng, Cosmos (2015): Is Ghana achieving sustainable trade balance in the participation of international trade? time series assessment for Ghana.

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Abstract

This paper examines the long run relationship between exports and imports for Ghana during the period 1961 and 2013. Using the Johansen cointegration test, it is found that export and imports are cointegrated irrespective of the variable that is dependent. The results indicate a stable long run link between export and import. The results indicate Ghana’s macroeconomic policies have been effective in the long run and suggest that Ghana is not in violation of its international budget constraint. Future studies should examine the direction of causality and the issue of structural breaks.

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