What is the effect of globalisation on the performance of the service sector of Ghana?

Effah Nyamekye, Gabriel (2016): What is the effect of globalisation on the performance of the service sector of Ghana?

Abstract

The paper empirically examines the effect of globalisation on the service sector output in Ghana for the period 1961-2013 using annual time series data. The ordinary least square method of regression was employed after the unit root properties were examined. The findings of the study indicate negative effect of globalisation on the service sector output, suggesting that the Ghanaian economy has not benefited positively from globalisation. Policy makers should reconsider the use of globalisation as a policy tool in achieving growth in the service sector. The use of nonlinear models in future study is worth considering, as well as the use of other proxies of globalisation. Other regression estimation methods such as the Johansen method should be considered in future empirical studies to find out whether the current findings will be replicated.

• Item Type: MPRA Paper
• Language: English
• Keywords: service sector output, globalisation, economic growth
• Subjects: F - International Economics > F1 - Trade > F14 - Empirical Studies of Trade; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages; G - Financial Economics > G2 - Financial Institutions and Services > G22 - Insurance ; Insurance Companies ; Actuarial Studies; G - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional Investors; G - Financial Economics > G2 - Financial Institutions and Services > G24 - Investment Banking ; Venture Capital ; Brokerage ; Ratings and Ratings Agencies; L - Industrial Organization > L8 - Industry Studies: Services > L80 - General; L - Industrial Organization > L9 - Industry Studies: Transportation and Utilities > L90 - General

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