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The Social Issue in the Company

Author

Listed:
  • Abdelatif Kerzabi

    (Faculty of economics and management, University of Tlemcen Algeria)

  • Nawal Chemma

    (Faculty of economics and management University of de Relizane Algeria)

Abstract

In this study, we investigate the impact of government debt on the economic growth of Ghana adopting the methodology of the simple Ordinary Least Squares with data spanning from 1990 to 2015. Ghana has unfortunately found itself in the tragic situation of high external government debt which has led to high dependency on aid and other loans to support its development. These aids and loans have seen the debt of Ghana rise steadily over the years. As a result of the Heavily-Indebted Poor Countries (HIPC) which was presented by the IMF and World Bank in 1999, Ghana was judged to be a HIPC with unsustainable debt enabling the country to benefit from debt relief. We investigate the impact of government debt (both external and domestic) by testing three related models at the domestic and external levels including the general growth of the Ghanaian economy. In constructing our dataset, we build on the study of many scholars including a substantial amount of new materials from both primary and secondary data sources being Ministry of Finance (MOF) or Treasury Latest actual data: Government Finance Statistics Manual (GFSM), Ghana and World Bank. The research findings revealed that there is a negative relationship between debt (domestic and external) and growth in the economy of Ghana and recommend among others that government debt borrowing should be discouraged while increasing the revenue base through tax reform programs is encouraged.

Suggested Citation

  • Abdelatif Kerzabi & Nawal Chemma, 2019. "The Social Issue in the Company," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 5(1), pages 37-43, April.
    • Handle: RePEc:mgs:ijoied:v:4:y:2019:i:6:p:37-43
    DOI: 10.18775/ijied.1849-7551-7020.2015.51.2003
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    References listed on IDEAS

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    1. Franck Aggeri & Aurélien Acquier, 2005. "La théorie des stakeholders permet-elle de rendre compte des pratiques d'entreprise en matière de RSE ?," Post-Print halshs-00645708, HAL.
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    More about this item

    Keywords

    Financial capitalism; Responsible company; Deregulation; Globalization;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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