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- W2285026265 abstract "This study analyses the determinants of private investment in Ghana using a time series analysis and complementing it with a cross-sectional one. From many perspectives, the cross-sectional analysis supports the time series analysis. While some of the individual effects of the components of macroeconomic instability are found to be negligible, the overall measure of macroeconomic instability has been a major hindrance to private investment. The results suggest that policies that address only some components of macroeconomic instability may not be enough to revive private investment. The growth of real credit to the private sector has a positive and statistically significant effect on private investment. The question of finance must therefore be addressed in order to ensure continuing participation of the private sector in investment. Private investment and public investment are found to be complementary and thus there is the need for the government to continue to develop the infrasctural base of the economy to boost the private sector. The econometric results suggest that the military takeovers may have created a climate hostile to private investment." @default.
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- W2285026265 date "2000-01-01" @default.
- W2285026265 modified "2023-09-24" @default.
- W2285026265 title "Determinants of private investment behaviour in Ghana" @default.
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