The Ghanaian Economic Recovery

Abstract

From 1961 to the present, Ghana s gross domestic product (GDP) change deviated significantly (more than 5.8 percent) from that of the region eight times; of these eight deviations, four were positive, outperforming the region, and four were negative, underperforming the region. This study utilizes process tracing in order to test whether economic policies protectionist and liberal had any impact on those deviations. This study shows that every negative deviation year was preceded by protectionist policies, and, with one exception (explained by currency devaluation), every positive deviation year was preceded by economic liberalization policies. This relationship suggests that the nature of economic policies (liberal versus protectionist) do not necessarily cause large, acute GDP movement, but they may be prerequisites for significant GDP movement in any given year.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 2013
Accession Number
ADA620425

Entities

People

  • Timothy M. Culpepper

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Energy and Power Technologies
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Africa
  • California
  • Case Studies
  • Commerce
  • Economic Development
  • Economic Policy
  • Economic Systems
  • Economics
  • Governments
  • Investments
  • Literature Surveys
  • Money
  • National Security
  • Political Science
  • Saharan Africa
  • Social Sciences
  • United States

Readers

  • East Asian Political and Security Studies within the Soviet Union
  • International Relations, focusing on Korea-Africa and North Korea-South Korea relations, and Nigeria-Latin American Relations.
  • Mathematics or Statistics