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

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  • Effah Nyamekye, Gabriel

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.

Suggested Citation

  • Effah Nyamekye, Gabriel, 2016. "What is the effect of globalisation on the performance of the service sector of Ghana?," MPRA Paper 71841, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:71841
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    References listed on IDEAS

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    1. Balakrishnan, Pulapre, 2010. "Economic Growth in India: History and Prospect," OUP Catalogue, Oxford University Press, number 9780198065470.
    2. Mrs. Poonam Gupta & Mr. James P. F. Gordon, 2004. "Understanding India’s Services Revolution," IMF Working Papers 2004/171, International Monetary Fund.
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    More about this item

    Keywords

    service sector output; globalisation; economic growth;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General

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