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- W2144375882 abstract "Economic theory predicts a growth enhancing activities of various core functions of government. Nonetheless, government spending in non-democratic countries often goes beyond these core functions, namely into rent-seeking and non-productive activities. This paper employs the Autoregressive Distributed Lag bounds testing approach to cointegration to investigate the extent to which democracy and government spending have had an impact on economic growth in Ghana over the period 1960–2008. The empirical results obtained are encouraging, revealing support for the high effi ciency of government spending in democracies’ hypothesis. The paper demonstrates that democracy and government spending go hand in hand to have a positive impact on economic growth in Ghana in both the long and short run. The fi ndings and policy recommendations of the paper provide vital information relevant for developing countries involved in the democratisation process. JEL Classification: C22, H50, O40" @default.
- W2144375882 created "2016-06-24" @default.
- W2144375882 creator A5020793406 @default.
- W2144375882 creator A5039834708 @default.
- W2144375882 date "2012-08-01" @default.
- W2144375882 modified "2023-09-24" @default.
- W2144375882 title "Democracy, Government Spending and Economic Growth: The Case of Ghana, 1960–2008" @default.
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- W2144375882 doi "https://doi.org/10.1177/097380101200600303" @default.
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