Marbuah, George - In: Journal of African trade : official journal of the … 4 (2017) 1/2, pp. 75-87
As in many African countries, crude oil importation is a major drain on the economy of Ghana. We estimate short-run and long-run import demand models for crude oil using data over the period 1980-2012. Results show that demand for crude oil is price inelastic in the short-run but elastic in the...