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Public debt and inflation: Empirical evidence from Ghana

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dc.contributor.author Aimola, Akingbade U
dc.date.accessioned 2021-01-26T21:40:10Z
dc.date.available 2021-01-26T21:40:10Z
dc.date.issued 2021-01
dc.identifier.uri http://hdl.handle.net/10500/27063
dc.description.abstract This paper investigates the impact of public debt on inflation in Ghana using annual data during the period 1983-2018. The study uses the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration and an error correction model to examine this linkage. The cointegrating regression results reveal evidence of a stable long run relationship between inflation and the explanatory variables in the presence of a structural break. The findings also show a positive and significant impact of public debt on inflation. These results were found to hold, irrespective of whether the regression was conducted in the short run or the long run. The study confirms the presence of the inflationary effects of public debt in Ghana. The government should, therefore, be prudent when considering increases in public debt to minimise volatility in inflation and its associated risks to the economy. en
dc.language.iso en en
dc.subject public debt; inflation; ARDL; Ghana. en
dc.title Public debt and inflation: Empirical evidence from Ghana en
dc.type Working Paper en
dc.description.department Economics en
dc.contributor.author2 Odhiambo, Nicholas M


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