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Eastern Illinois University

Theses/Dissertations

2017

Imperfect substitution model

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Determinants Of Import Demand In Ghana: 1960-2014, Freda Opoku-Agyemang Jan 2017

Determinants Of Import Demand In Ghana: 1960-2014, Freda Opoku-Agyemang

Masters Theses

This paper assesses the determinants of demand for import in Ghana using variables imports, exports, real gross domestic product, government spending, capital formation and exchange rate. The central aim of the study is to examine the relationship of Ghana's aggregate import demand and its determinants and then analyze the data from the period 1960 to 2014 and based on the above objectives, propose policies based on the results obtained from the analysis. All the data used were obtained from the World Bank database. The Johansen co-integration test suggested that there exists a long-run relationship between the imports (i.e. the dependent …