The Effect of Fiscal Policy and Monetary Policy on Ghana’s Economic Growth: Which Policy Is More Potent?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Nijkamp, Peter & Poot, Jacques, 2004. "Meta-analysis of the effect of fiscal policies on long-run growth," European Journal of Political Economy, Elsevier, vol. 20(1), pages 91-124, March.
- de la Fuente, Angel, 1997. "Fiscal Policy and Growth in the OECD," CEPR Discussion Papers 1755, C.E.P.R. Discussion Papers.
- Hak Kil Pyo & Bongchan Ha, 2005. "Technology and Long-run Economic Growth in Korea," Hi-Stat Discussion Paper Series d05-120, Institute of Economic Research, Hitotsubashi University.
- Garrison, Charles B. & Lee, Feng-Yao, 1995. "The effect of macroeconomic variables on economic growth rates: A cross-country study," Journal of Macroeconomics, Elsevier, vol. 17(2), pages 303-317.
- Arnold C. Harberger, 1962. "The Incidence of the Corporation Income Tax," Journal of Political Economy, University of Chicago Press, vol. 70(3), pages 215-215.
- Robert J. Barro, 1991.
"Economic Growth in a Cross Section of Countries,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
- Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
- Barro, R.J., 1989. "Economic Growth In A Cross Section Of Countries," RCER Working Papers 201, University of Rochester - Center for Economic Research (RCER).
- Benos, Nikos, 2009. "Fiscal policy and economic growth: empirical evidence from EU countries," MPRA Paper 19174, University Library of Munich, Germany.
- Easterly, William & Rebelo, Sergio, 1993.
"Fiscal policy and economic growth: An empirical investigation,"
Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December.
- William Easterly & Sergio Rebelo, 1993. "Fiscal Policy and Economic Growth: An Empirical Investigation," NBER Working Papers 4499, National Bureau of Economic Research, Inc.
- Easterly, William & Rebelo, Sérgio, 1994. "Fiscal Policy and Economic Growth: An Empirical Investigation," CEPR Discussion Papers 885, C.E.P.R. Discussion Papers.
- Ghali , Khalifa H. & Al - Shamsi, Fatima, 1997. "Fiscal Policy and Economic Growth: A Study Relating to the United Arab Emirates," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 50(4), pages 519-533.
- Devarajan, Shantayanan & Swaroop, Vinaya & Heng-fu, Zou, 1996.
"The composition of public expenditure and economic growth,"
Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 313-344, April.
- Shantayanan Devarajan & Vinaya Swaroop & Heng-fu Zou, 1996. "The composition of public expenditure and economic growth," CEMA Working Papers 77, China Economics and Management Academy, Central University of Finance and Economics.
- Konstantinos Angelopoulos & Apostolis Philippopoulos & Efthymios Tsionas, 2008.
"Does public sector efficiency matter? Revisiting the relation between fiscal size and economic growth in a world sample,"
Public Choice, Springer, vol. 137(1), pages 245-278, October.
- Konstantinos Angelopoulos & Apostolis Philippopoulos & Efthymios Tsionas, 2007. "Does public sector efficiency matter? Revisiting the relation between fiscal size and economic growth in a world sample," Working Papers 2007_30, Business School - Economics, University of Glasgow.
- Christopher A. Pissarides & Marie Ange Veganzones-Varoudakis, 2006.
"Labor Markets and Economic Growth in the MENA Region,"
Contributions to Economic Analysis, in: Explaining Growth in the Middle East, pages 137-157,
Emerald Group Publishing Limited.
- Marie-Ange VEGANZONES-VAROUDAKIS & PISSARIDES, 2005. "Labor markets and economic growth in the MENA region," Working Papers 200535, CERDI.
- Marie-Ange Véganzonès-Varoudakis & C. Pissarides, 2006. "Labor Markets and Economic Growth in the MENA Region," Post-Print hal-00224191, HAL.
- King, Robert G & Rebelo, Sergio, 1990.
"Public Policy and Economic Growth: Developing Neoclassical Implications,"
Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 126-150, October.
- King, R.G. & Rebelo, S., 1988. "Public Policy And Economic Growth: Developing Neoclassical Implications," RCER Working Papers 225, University of Rochester - Center for Economic Research (RCER).
- Robert G. King & Sergio Rebelo, 1990. "Public Policy and Economic Growth: Developing Neoclassical Implications," NBER Working Papers 3338, National Bureau of Economic Research, Inc.
- ., 2005. "Inequalities, Economic Growth and Poverty Reduction," Chapters, in: Aid, Institutions and Development, chapter 5, Edward Elgar Publishing.
- Easterly, William, 2005.
"What did structural adjustment adjust?: The association of policies and growth with repeated IMF and World Bank adjustment loans,"
Journal of Development Economics, Elsevier, vol. 76(1), pages 1-22, February.
- William Easterly, 2002. "What did Structural Adjustment Adjust? The Association of Policies and Growth with Repeated IMF and World Bank Adjustment Loans," Working Papers 11, Center for Global Development.
- Ahmed M. Khalid, 2005. "Economic Growth, Inflation, and Monetary Policy in Pakistan: Preliminary Empirical Estimates," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 961-974.
- Engen, Eric M. & Skinner, Jonathan, 1996.
"Taxation and Economic Growth,"
National Tax Journal, National Tax Association;National Tax Journal, vol. 49(4), pages 617-642, December.
- Eric M. Engen & Jonathan Skinner, 1996. "Taxation and Economic Growth," NBER Working Papers 5826, National Bureau of Economic Research, Inc.
- International Monetary Fund, 2008. "Impact of Government Expenditure on Growth: The Case of Azerbaijan," IMF Working Papers 2008/115, International Monetary Fund.
- Paul Cashin, 1995.
"Government Spending, Taxes, and Economic Growth,"
IMF Staff Papers, Palgrave Macmillan, vol. 42(2), pages 237-269, June.
- Mr. Paul Cashin, 1994. "Government Spending, Taxes, and Economic Growth," IMF Working Papers 1994/092, International Monetary Fund.
- Daniel Sakyi, 2011. "On the implication of trade openness," Discussion Papers 2011/124, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
- Koester, Reinhard B & Kormendi, Roger C, 1989. "Taxation, Aggregate Activity and Economic Growth: Cross-Country Evidence on Some Supply-Side Hypotheses," Economic Inquiry, Western Economic Association International, vol. 27(3), pages 367-386, July.
- Ismail O. FASANYA & Adegbemi B.O ONAKOYA & Mariam A. AGBOLUAJE, 2013. "Does Monetary Policy Influence Economic Growth in Nigeria?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 3(5), pages 635-646, May.
- Shahid Ali & Somia Irum & Asghar Ali, 2008. "Whether Fiscal Stance or Monetary Policy is Effective for Economic Growth in Case of South Asian Countries?," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 47(4), pages 791-799.
- Michael Bleaney & Norman Gemmell & Richard Kneller, 2001.
"Testing the endogenous growth model: public expenditure, taxation, and growth over the long run,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 34(1), pages 36-57, February.
- Michael Bleaney & Norman Gemmell & Richard Kneller, 2001. "Testing the endogenous growth model: public expenditure, taxation, and growth over the long run," Canadian Journal of Economics, Canadian Economics Association, vol. 34(1), pages 36-57, February.
- Kormendi, Roger C. & Meguire, Philip G., 1985. "Macroeconomic determinants of growth: Cross-country evidence," Journal of Monetary Economics, Elsevier, vol. 16(2), pages 141-163, September.
- Jawaid, Syed Tehseen & Arif, Imtiaz & Naeemullah, Syed Muhammad, 2010. "Comparative analysis of monetary and fiscal Policy: a case study of Pakistan," MPRA Paper 30850, University Library of Munich, Germany, revised Dec 2010.
- Lee, Young & Gordon, Roger H., 2005. "Tax structure and economic growth," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 1027-1043, June.
- Cosmin Enache, 2009. "Fiscal Policy And Economic Growth In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-50.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Oluwaseun Okikiola, 2021. "The Impact of Money Market Dynamics on the Economic Growth of Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(10), pages 77-85, October.
- Helena Ahulu & John MacCarthy & Paul Muda, 2021. "Financial Stability and Economic Growth Nexus: Evidence from Sub-Saharan Africa using Panel Data," International Journal of Economics and Financial Issues, Econjournals, vol. 11(4), pages 11-18.
- Cordelia Onyinyechi Omodero, 2019. "Effect of Money Supply on Economic Growth: A Comparative Study of Nigeria and Ghana," International Journal of Social Science Studies, Redfame publishing, vol. 7(3), pages 16-23, May.
- Enock Nyorekwa Twinoburyo & Nicholas M Odhiambo, 2018.
"Can Monetary Policy drive economic growth? Empirical evidence from Tanzania,"
Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 12(2), June.
- Nyorekwa, Enock Twinoburyo & Odhiambo, Nicholas Mbaya, 2016. "Can monetary policy drive economic growth? Empirical evidence from Tanzania," Working Papers 21122, University of South Africa, Department of Economics.
- Joof, Foday, 2021. "The Co-Movement between Foreign Reserves, Economic Growth and Money Supply: Evidence from the WAMZ Countries," MPRA Paper 110193, University Library of Munich, Germany.
- Taderera, Christie & Runganga, Raynold & Mhaka, Simbarashe & Mishi, Syden, 2021. "Inflation, interest rate and economic growth nexuses in SACU countries," MPRA Paper 105419, University Library of Munich, Germany.
- Nizam Ahmed Mehedi, 2021.
"On The Contribution of Interest Expense (Income) on Total Output,"
Open Economics, De Gruyter, vol. 4(1), pages 31-56, January.
- Nizam, Ahmed Mehedi, 2021. "On The Contribution of Interest Expense (Income) on Total Output," MPRA Paper 108169, University Library of Munich, Germany.
- Max Weber & Taha Chaiechi & Rabiul Beg, 2022. "Inclusive Growth and Climate Change Mitigation Programs and Policies in the ASEAN: Fiscal Implications," Bulletin of Applied Economics, Risk Market Journals, vol. 9(2), pages 189-221.
- Byaro, Mwoya & Pelizzo, Riccardo & Kinyondo, Abel, 2023. "What are the Main Drivers Behind the Acceleration of Tanzania's Economic Growth Over the Past Three Decades?," African Journal of Economic Review, African Journal of Economic Review, vol. 11(4), June.
- Tekilu Tadesse & Tesfaye Melaku, 2019. "Analysis Of The Relative Impact Of Monetary And Fiscal Policies On Economic Growth In Ethiopia, Using Ardl Approach To Co-Integration: Which Policy Is More Potent?," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 8(2), pages 87-115.
- Huthaifa Alqaralleh & Ahmad Al-Saraireh & Hassan Alamro, 2018. "Interaction Between Fiscal Policy and Economic Fluctuation: A Case Study for Jordan," International Review of Management and Marketing, Econjournals, vol. 8(6), pages 107-111.
- Mariam Abbas Soharwardi & Javeria Sarwar & Muhammad Imran Khan & Mariam Miraj, 2022. "Fiscal and Monetary Policy Dilemma in Pakistan to Support Economic Growth," Journal of Economic Impact, Science Impact Publishers, vol. 4(3), pages 233-243.
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.- Emilian DOBRESCU, 2016. "Controversies over the Size of the Public Budget," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 5-34, December.
- Margit Schratzenstaller-Altzinger, 2007. "WIFO-Weißbuch: Wachstumsimpulse durch die öffentliche Hand," WIFO Monatsberichte (monthly reports), WIFO, vol. 80(6), pages 509-526, June.
- Tuan T. Chu & Jens Hölscher & Dermot McCarthy, 2020. "The impact of productive and non-productive government expenditure on economic growth: an empirical analysis in high-income versus low- to middle-income economies," Empirical Economics, Springer, vol. 58(5), pages 2403-2430, May.
- Sefa Awaworyi Churchill & Mehmet Ugur & Siew Ling Yew, 2017.
"Does Government Size Affect Per-Capita Income Growth? A Hierarchical Meta-Regression Analysis,"
The Economic Record, The Economic Society of Australia, vol. 93(300), pages 142-171, March.
- Awaworyi Churchill, Sefa & Yew, Siew Ling & Ugur, Mehmet, 2015. "Does government size affect per-capita income growth? A Hierarchical meta-regression analysis," EconStor Preprints 110897, ZBW - Leibniz Information Centre for Economics.
- Churchill, Sefa Awaworyi & Ugur, Mehmet & Yew, Siew Ling, 2016. "Does government size affect per-capita income growth? A Hierarchical meta-regression analysis," Greenwich Papers in Political Economy 16016, University of Greenwich, Greenwich Political Economy Research Centre.
- Awawoyi, Sefa & Ugur, Mehmet & Yew, Siew Ling, 2015. "Does government size affect per-capita income growth? A hierarchical meta-regression analysis," Greenwich Papers in Political Economy 14071, University of Greenwich, Greenwich Political Economy Research Centre.
- Awaworyi Churchill, Sefa & Yew, Siew Ling & Ugur, Mehmet, 2015. "Does government size affect per-capita income growth? A Hierarchical meta-regression analysis," EconStor Preprints 110903, ZBW - Leibniz Information Centre for Economics.
- Awaworyi, Sefa & Ugur, Mehmet & Yew, Siew Ling, 2015. "Does government size affect per-capita income growth? A Hierarchical meta-regression analysis," MPRA Paper 68006, University Library of Munich, Germany, revised 18 Nov 2015.
- Andrew Phiri, 2016.
"The Growth Trade-off between Direct and Indirect Taxes in South Africa: Evidence from a STR Model,"
Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 14(3 (Fall)), pages 233-250.
- Phiri, Andrew, 2016. "The growth trade-off between direct and indirect taxes in South Africa: Evidence from a STR model," MPRA Paper 69152, University Library of Munich, Germany.
- Dimitrios Paparas & Christian Richter, 2015. "Fiscal policy and economic growth: Empirical evidence from the European Union," Working Papers 2015.06, International Network for Economic Research - INFER.
- Dimitrios PAPARAS & Christian RICHTER & Alexandros PAPARAS, 2015. "Fiscal Policy and Economic Growth, Empirical Evidence in European Union," Turkish Economic Review, KSP Journals, vol. 2(4), pages 239-268, December.
- Halkos, George & Paizanos, Epameinondas, 2015. "Fiscal policy and economic performance: A review of the theoretical and empirical literature," MPRA Paper 67737, University Library of Munich, Germany.
- Patrick Minford & David Meenagh & Jiang Wang, 2006. "Testing a Simple Structural Model of Endogenous Growth," CDMA Conference Paper Series 0606, Centre for Dynamic Macroeconomic Analysis.
- Uche Boniface Ugwuanyi & Okelue David Ugwunta, 2017. "Fiscal Policy and Economic Growth: An Examination of Selected Countries in Sub-Saharan Africa," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(1), pages 117-130, January.
- Menescal, Lucas & Alves, José, 2024.
"Optimal threshold taxation: An empirical investigation for developing economies,"
The Journal of Economic Asymmetries, Elsevier, vol. 29(C).
- Lucas Menescal & José Alves, 2022. "Optimal Threshold Taxation: An Empirical Investigation for Developing Economies," CESifo Working Paper Series 9782, CESifo.
- Lucas Menescal & José Alves, 2022. "Optimal threshold taxation: an empirical investigation for developing economies," Working Papers REM 2022/0232, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
- Dackehag, Margareta & Hansson, Åsa, 2015.
"Taxation of Dividend Income and Economic Growth: The Case of Europe,"
Working Paper Series
1081, Research Institute of Industrial Economics.
- Dackehag, Margareta & Hansson, Åsa, 2015. "Taxation of Dividend Income and Economic Growth: The Case of Europe," Working Papers 2015:24, Lund University, Department of Economics.
- Margit Schratzenstaller-Altzinger, 2006. "Teilstudie 12: Wachstumsimpulse durch die öffentliche Hand," WIFO Studies, WIFO, number 27451.
- Peter Nijkamp & Jacques Poot, Victoria, 2002. "Meta-Analysis of the Impact of Fiscal Policies on Long-Run Growth," Tinbergen Institute Discussion Papers 02-028/3, Tinbergen Institute, revised 23 Apr 2003.
- Minford, Patrick & Meenagh, David & Wang, Jiang, 2007.
"Growth and relative living standards - testing Barriers to Riches on post-war panel data,"
Cardiff Economics Working Papers
E2007/12, Cardiff University, Cardiff Business School, Economics Section.
- Minford, Patrick & Wang, Jiang & Meenagh, David, 2007. "Growth and relative living standards - testing Barriers to Riches on post-war panel data," CEPR Discussion Papers 6288, C.E.P.R. Discussion Papers.
- Hammed Adetola Adefeso, 2016. "Productive Government Expenditure and Economic Performance in sub-Saharan Africa: An Empirical Investigation," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 19(2), pages 1-18, November.
- Nijkamp, Peter & Poot, Jacques, 2004. "Meta-analysis of the effect of fiscal policies on long-run growth," European Journal of Political Economy, Elsevier, vol. 20(1), pages 91-124, March.
- Durusu-Ciftci, Dilek & Gokmenoglu, Korhan K. & Yetkiner, Hakan, 2018. "The heterogeneous impact of taxation on economic development: New insights from a panel cointegration approach," Economic Systems, Elsevier, vol. 42(3), pages 503-513.
- Poot, Jacques, 1999. "A meta-analytic study of the role of government in long-run economic growth," ERSA conference papers ersa99pa171, European Regional Science Association.
- N Bose & M E Haque & D R Osborn, 2003.
"Public Expenditure and Growth in Developing Countries: Education is the Key,"
Centre for Growth and Business Cycle Research Discussion Paper Series
30, Economics, The University of Manchester.
- Mohammad Haque & Niloy Bose & Denise R. Osborn, 2004. "Public expenditure and growth in developing countries: education is the key," Money Macro and Finance (MMF) Research Group Conference 2003 41, Money Macro and Finance Research Group.
More about this item
Keywords
Fiscal Policy; Monetary Policy; Potency; Economic Growth; Ghana;All these keywords.
Statistics
Access and download statisticsCorrections
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:rss:jnljef:v3i2p3. 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: Danish Khalil (email available below). General contact details of provider: http://www.rassweb.org .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.