IDEAS home Printed from https://ideas.repec.org/a/mup/actaun/actaun_2016064020635.html
   My bibliography  Save this article

Economic Multipliers and Sectoral Linkages: Ghana and the New Oil Sector

Author

Listed:
  • Dennis Nchor

    (Department of Statistics and Operations Analysis, Faculty of Business Economics, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic)

  • Tomáš Konderla

    (Department of Statistics and Operations Analysis, Faculty of Business Economics, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic)

Abstract

The study seeks to assess the structure of the economy of Ghana in terms of changes in the economic structure before and after the production of oil in commercial quantities. This is viewed with regards to economic multipliers, sectoral interdependence and trade concentration. The results show that changes occurred with regards to multipliers and sectoral interdependence. The output multipliers of most sectors have declined. The results also show that the agricultural sector experienced an initial decline in its growth while industry experienced an increase. The performance of the services sector was relatively stable for the period covered by the study. There is a decline in the level of trade concentration though on a whole the concentration index is still high. The study employed input-output modeling techniques and the data was obtained from the Ghana statistical service and the World Development Indicators.

Suggested Citation

  • Dennis Nchor & Tomáš Konderla, 2016. "Economic Multipliers and Sectoral Linkages: Ghana and the New Oil Sector," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 64(2), pages 635-642.
    • Handle: RePEc:mup:actaun:actaun_2016064020635
    DOI: 10.11118/actaun201664020635
    as

    Download full text from publisher

    File URL: http://acta.mendelu.cz/doi/10.11118/actaun201664020635.html
    Download Restriction: free of charge
    File URL: http://acta.mendelu.cz/doi/10.11118/actaun201664020635.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.11118/actaun201664020635?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Stilwell, L. C. & Minnitt, R. C. A. & Monson, T. D. & Kuhn, G., 2000. "An input-output analysis of the impact of mining on the South African economy," Resources Policy, Elsevier, vol. 26(1), pages 17-30, March.
    2. Ciarreta, Aitor & Nasirov, Shahriyar, 2012. "Development trends in the Azerbaijan oil and gas sector: Achievements and challenges," Energy Policy, Elsevier, vol. 40(C), pages 282-292.
    3. Brugt Kazemier & Carlo H. Driesen & Erik Hoogbruin, 2012. "From Input--Output Tables To Supply-And-Use Tables," Economic Systems Research, Taylor & Francis Journals, vol. 24(3), pages 319-327, December.
    4. Sabiroglu, Ilkin M. & Bashirli, Samad, 2012. "Input–output analysis in an oil-rich economy: The case of Azerbaijan," Resources Policy, Elsevier, vol. 37(1), pages 73-80.
    5. J. v. Neumann, 1945. "A Model of General Economic Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 13(1), pages 1-9.
    6. George Soklis, 2009. "The Conversion of the Supply and Use Tables to Symmetric Input-Output Tables: A Critical Review," Bulletin of Political Economy, Bulletin of Political Economy, vol. 3(1), pages 51-70, June.
    7. Johanna d'Hernoncourt & Mateo Cordier & David Hadley, 2011. "Input-Output Multipliers – Specification sheet and supporting material, Spicosa project report," Working Papers hal-03233439, HAL.
    8. Vanessa Rayner & James Bishop, 2013. "Industry Dimensions of the Resource Boom: An Input-Output Analysis," RBA Research Discussion Papers rdp2013-02, Reserve Bank of Australia.
    9. Aroca, Patricio, 2001. "Impacts and development in local economies based on mining: : the case of the Chilean II region," Resources Policy, Elsevier, vol. 27(2), pages 119-134, June.
    10. Manfred Lenzen, 2001. "A Generalized Input-Output Multiplier Calculus for Australia," Economic Systems Research, Taylor & Francis Journals, vol. 13(1), pages 65-92.
    11. San Cristobal, J.R. & Biezma, M.V., 2006. "The mining industry in the European Union: Analysis of inter-industry linkages using input-output analysis," Resources Policy, Elsevier, vol. 31(1), pages 1-6, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Calzada Olvera, Beatriz & Foster-McGregor, Neil, 2018. "What is the potential of natural resource based industrialisation in Latin America? An Input-Output analysis of the extractive sectors," MERIT Working Papers 2018-015, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Arena, Marika & Azzone, Giovanni & Dell’Agostino, Laura & Scotti, Francesco, 2022. "Precision policies and local content targets in resource-rich developing countries: The case of the oil and gas sector in Mozambique," Resources Policy, Elsevier, vol. 76(C).
    3. Valeria Ferreira & Miguel Ángel Almazán-Gómez & Victor Nechifor & Emanuele Ferrari, 2022. "The role of the agricultural sector in Ghanaian development: a multiregional SAM-based analysis," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 11(1), pages 1-27, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Söderholm, Patrik & Svahn, Nanna, 2015. "Mining, regional development and benefit-sharing in developed countries," Resources Policy, Elsevier, vol. 45(C), pages 78-91.
    2. Elkhan Richard Sadik-Zada & Wilhelm Loewenstein & Yadulla Hasanli, 2021. "Production linkages and dynamic fiscal employment effects of the extractive industries: input-output and nonlinear ARDL analyses of Azerbaijani economy," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 34(1), pages 3-18, April.
    3. Ioannis ANTONIADIS, 2017. "Exploring The Linkage Between Oil And Gas Sector And Competitiveness: A Panel Data Analysis For The Countries Of The Black Sea Region," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 16(1), pages 34-44.
    4. Gaygysyz Ashyrov & Tiiu Paas & Maryna Tverdostup, 2018. "The Input-Output Analysis Of Blue Industries: Comparative Study Of Estonia And Finland," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 109, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    5. Qi, Tianyu & Zhou, Li & Zhang, Xiliang & Ren, Xiangkun, 2012. "Regional economic output and employment impact of coal-to-liquids (CTL) industry in China: An input–output analysis," Energy, Elsevier, vol. 46(1), pages 259-263.
    6. Collins, Alan R. & Hansen, Evan & Hendryx, Michael, 2012. "Wind versus coal: Comparing the local economic impacts of energy resource development in Appalachia," Energy Policy, Elsevier, vol. 50(C), pages 551-561.
    7. Ejdemo, Thomas & Söderholm, Patrik, 2011. "Mining investment and regional development: A scenario-based assessment for Northern Sweden," Resources Policy, Elsevier, vol. 36(1), pages 14-21, March.
    8. Lopes, Alef & Ruiz, Ricardo & Ribeiro, Rafael & Cantelmo, Weslley, 2023. "Linkages in the metal mining industry: Local job multipliers in Brazil," Resources Policy, Elsevier, vol. 82(C).
    9. Graham A. Davis & John E. Tilton, 2005. "The resource curse," Natural Resources Forum, Blackwell Publishing, vol. 29(3), pages 233-242, August.
    10. Kim, Ju-Hee & Kim, Kyung-Hag & Yoo, Seung-Hoon, 2022. "Evaluating and ranking the mining damage prevention programs in South Korea: An application of the fuzzy set theory," Resources Policy, Elsevier, vol. 78(C).
    11. San Cristobal, J.R. & Biezma, M.V., 2006. "The mining industry in the European Union: Analysis of inter-industry linkages using input-output analysis," Resources Policy, Elsevier, vol. 31(1), pages 1-6, March.
    12. Peter Tulip, 2014. "The Effect of the Mining Boom on the Australian Economy," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 17-22, December.
    13. Sabiroglu, Ilkin M. & Bashirli, Samad, 2012. "Input–output analysis in an oil-rich economy: The case of Azerbaijan," Resources Policy, Elsevier, vol. 37(1), pages 73-80.
    14. Zacharias Bragoudakis & Evangelia Kasimati & Christos Pierros & Nikolaos Rodousakis & George Soklis, 2022. "Measuring Productivities for the 38 OECD Member Countries: An Input-Output Modelling Approach," Mathematics, MDPI, vol. 10(13), pages 1-21, July.
    15. Murat A. Yülek, 2017. "On the Middle Income Trap, the Industrialization Process and Appropriate Industrial Policy," Journal of Industry, Competition and Trade, Springer, vol. 17(3), pages 325-348, September.
    16. Arthur Brackmann Netto, 2017. "The Double Edge of Case-Studies: A Frame-Based Definition of Economic Models," Working Papers, Department of Economics 2017_21, University of São Paulo (FEA-USP).
    17. Jagrič, Timotej & Brown, Christine & Boyce, Tammy & Jagrič, Vita, 2021. "The impact of the health-care sector on national economies in selected European countries," Health Policy, Elsevier, vol. 125(1), pages 90-97.
    18. Feiyu Chen & Linghui Sun & Boyu Jiang & Xu Huo & Xiuxiu Pan & Chun Feng & Zhirong Zhang, 2025. "A Review of AI Applications in Unconventional Oil and Gas Exploration and Development," Energies, MDPI, vol. 18(2), pages 1-30, January.
    19. Kakali Mukhopadhyay & Debesh Chakraborty, 2005. "Is liberalization of trade good for the environment? Evidence from India," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 12(1), pages 109-136, June.
    20. Zian Chen & Sunhee Suk, 2023. "Analysis of Changes in Inter-Industrial Linkages and Economic Effects of Coal Industry in China Using Input–Output Model," Sustainability, MDPI, vol. 15(20), pages 1-19, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mup:actaun:actaun_2016064020635. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ivo Andrle (email available below). General contact details of provider: https://mendelu.cz/en/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.