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For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries has intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis,...
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growth in Ghana using annual time series data spanning from 1970 to 2014. The study employed the fiscal reaction function … suggested by Bohn (1998) to test for the sustainability of Ghana's debt. The neoclassical growth model was used to determine the … Ghana's debt is unsustainable although the evidence is weak. Results from the Autoregressive Distributed Lag (ARDL …
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