Dublin Core
Title
Do petroleum price fluctuations under price deregulation cause business cycles in Ghana?
Creator
Frank Gyimah Sackey, Richard Kofi Asravor, Emmanuel Orkoh, Isaac Ankrah
Description
In the context of volatilities in the international markets in recent times, studies regarding the complexities of oil price fluctuations have focussed on analysing the special fluctuation characteristics of oil prices in different historical perspectives. This study examines the extent to which petroleum price fluctuations under the petroleum price deregulation regime impact on business cycles in Ghana. The study uses the autoregressive distributed lag (ARDL) model with a quarterly data spanning from the first quarter of 2005 to the fourth quarter of 2022. Our empirical results show that price stability impacts positively on economic growth, both in the short and the long run, while foreign direct investment also has a positive effect on economic growth in the short run. Again, we observe that increases in inflation rate and government petroleum revenue negatively affect economic growth both in the short and the long run. To the …
Publisher
Palgrave Macmillan UK
Date
2025
Source
https://scholar.google.com/citations?view_op=view_citation&hl=en&user=qSyX_i8AAAAJ&citation_for_view=qSyX_i8AAAAJ:WF5omc3nYNoC
Language
English