This paper reviews the state of the Ghanaian economy by putting the searchlight on key areas that contribute to the growth of the economy. The paper also adduces key sectors that contribute to the development of Ghana's economy.

The different target of the time period has been established over the past two decades in the institutionalization of a single currency union in West Africa. Depending on varied reasons the proposed programs have always failed before the set timelines in respect of ECOWAS monetary unification...

The goal of this study is to contribute to the debate on the role of government spending in shaping the growth process. We take the analysis in three new directions. First, we investigate the role of government spending in a scale-invariant Schumpeterian model of endogenous innovation. Second,...

The comportment of interest rates within Bangladesh's commercial banking sector, particularly with regard to lending, has emerged as a matter of considerable concern. The modulation of these lending rates is swayed by an intricate web of determinants, such as statutory reserve requirements,...

This paper develops a dynamic general equilibrium (DGE) model to assess the impact of AI-driven automation on labor and capital allocation in an economy. The model considers the endogenous response of firms to task automation and labor substitution, showing how the increasing use of AI affects...

In a recent paper, Newell and Pizer (2003) (N&P) build upon Weitzman (1998, 2001) and show how uncertainty about future interest rates leads to ‘certainty equivalent’ forward rates (CER) that decline with the time horizon. Such Declining Discount Rates (DDR’s) have important implications...

From the early 1980s until the late 2000s, the Democratic Republic of Congo (DRC, thereafter) was in severe debt distress, which resulted in debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. Surprisingly, the DRC's debt-to-GDP ratio increased significantly from around...

In this paper, I review the value of statistical life (VOSL) definitions/concepts, mainly in the transportation context. After examining the concept, I provide a background, discussing how the estimates should be different for each case study. Next, I overview a variety of previous studies...

This study contributes to the debate on how government spending shapes the growth process. We take the analysis in three new directions. First, we consider government spending in a scale-invariant Schumpeterian model of endogenous innovation. Second, we allow public spending to be the catalyst...

Russia’s short-term economic growth has accelerated above its long term trend, defying weak global conditions. In 2007, the economy grew by 8.1 percent on the heels of very high (and perhaps unsustainable) oil prices, robust domestic demand and strong macroeconomic fundamentals. Preliminary...