Browsing by Author "Abbey, E.N."
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Item Financial inclusion and technical change: An empirical evidence from Ghana(University of Ghana, 2015-04-17) Abbey, E.N.; Dzeha, G.D.; Boateng, S.S.This paper investigates the linkage between technical change and financial inclusion in Ghana. This study employs logistic regression model using micro-data from the Global Findex Database to examine the extent of relation between technical change and financial inclusion in Ghana. The study finds that that technical change is not sufficient in activating financial inclusion. What is important for financial inclusion are such factors as; improving financial literacy, reducing cost or introduce costless account opening, boasting financial sector confidence and inspire financial institution to introduce banking products that meet the need(s) of those financially excluded. Hence the study concludes that a lot more needs to be done for such technical changes to trigger financial inclusion in Ghana since this has important macroeconomic implication for long term economic growthItem Fiscal and monetary policy dynamism in the Sub-Saharan Africa frontier markets(University of Ghana, 2015-04-17) Boateng, S.S.; Abbey, E.N.This paper investigates the relationship between fiscal and monetary policies on economic growth using countries within the Sub-Saharan Africa Frontier Markets (SSAFMs). In other words, the paper explors the dynamism of fiscal and monetary policy on economy growth in the Sub-Saharan Frontier Markets (SSAFMs). A balanced panel of five countries in the SSAFMs, for a period of 28 years (1985-2012), were used for the estimation. The Granger Causality test as well as the causality testing procedure due Dumitrescu-Hurlin (D-H) was used to establish causalities. To analyze the relationship between fiscal and monetary policy measures on growth the pooled mean group (PM G) estimates and the mean group (MG) estimator results were computed. The study finds that that monetary policy (Granger) causes fiscal policy; stated differently, monetary policy has been the dominant force accommodating the challenging fiscal stance in the SSAFM. Future studies could focus on the effect of macro-prudential policies on economic growth. It is recommended that appropriate monetary policies could be used to address the vulnerabilities that may arise out of the integration of the SSAFMS into the global financial market. The main value of this paper is to empirically project the dynamism of fiscal and monetary policy on economy growth in the Sub-Saharan Frontier Markets (SSAFMs)Item Innovation and employment in manufacturing and service firms in Ghana(Small Business Economics, 2018-11) Baffour, P.T.; Turkson, E.F.; Gyeke-Dako, A.; Oduro, A.D.; Abbey, E.N.While the importance of innovation as a primary source of economic growth has never been in dispute, its impact on employment has remained indeterminate. On one hand, the pessimists indicate that firm innovation destroys jobs because of the immediate indirect labour-saving nature of the effect of innovation, while the optimists argue that there are several compensation mechanisms that are known to counterbalance the initial effect of innovation and render the final effect indeterminate. Using data on a panel of 421 firms in Ghana, the paper investigates the relationship between innovation introduced at the firm level and employment. Relying on the panel fixed effects and Hausman-Taylor estimation techniques, this study finds a robust statistically significant positive impact of product innovation on employment but not for process innovation. In terms of policy relevance, this finding reemphasizes the need for policy makers in Ghana to intensity efforts in promoting technology diffusion particularly through FDI. This study thus contributes to the literature on innovation in Africa by providing evidence on why technological innovation in the form of product innovation can be a panacea to alleviating employment challenges in Ghana.