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Full-Text Articles in Macroeconomics

Implications Of Macroeconomic Controls In Ghana, Wisdom Takumah Jan 2018

Implications Of Macroeconomic Controls In Ghana, Wisdom Takumah

Electronic Theses and Dissertations

Ghana’s desire to achieve sustainable economic growth with relatively stable price level pursue both monetary and fiscal policies that could lead to macroeconomic. This study examines the effects of fiscal and monetary policy on economic growth and determine the level of convergence of growth for Ghana using structural equation modeling (SEM) using time series data from 2008 to 2017. Both short run and long-run results revealed that the ratio of government spending to private investment was statistically significant and it exerted a positive impact on economic growth, an indication that government expenditure is a key channel through which we ...


The Fiscal Theory Of The Price Level In Sub-Saharan Africa: A Structural Break Analysis, Christian Tchamda Jan 2017

The Fiscal Theory Of The Price Level In Sub-Saharan Africa: A Structural Break Analysis, Christian Tchamda

Electronic Theses and Dissertations

In this paper, I provide empirical evidence of the fiscal theory of the price level (FTPL) using sub-Saharan African countries. While the traditional view of the inflation is driven and explained by the quantity theory of money, the FTPL argues that the government deficit has an impact on the price level. However, the empirical literature of the FTPL is not extensive. This paper adds to this literature in that it substantiates this theory. I determine using primary balance and liabilities data when available to classify a country as under either a monetary dominant regime (the traditional view) or under a ...


International Lending To The Third World, Mark Leddy Apr 1988

International Lending To The Third World, Mark Leddy

Economics Staff Paper Series

The main emphasis of this paper is on the debt repayment difficulties experienced by the Less Developed Countries (LDCs) in the 1980's. These difficulties are a result of a combination of factors which have led to large accumulations of debt in these countries. The outstanding debt of the LDCs increased from $152 billion in 1975 to $850- $875 billion in 1985 (Meltzer, 1987). According to Dale and Mattione (1983), the major reasons country borrowers pursue foreign loans are: (1) Such loans allow both governments and companies to finance investments that will increase income or exports; (2) Foreign loans offer ...


Major Tax Reductions And Public Education, Philip Favero Sep 1980

Major Tax Reductions And Public Education, Philip Favero

Economics Staff Paper Series

The following discussion of tax reductions uses as an example South Dakota’s own version of Proposition 13, the Dakota Proposition. In the discussion which follows, four major themes are developed. First, Dakota Proposition would have a very major consequence for public finance in South Dakota-beginning in 1982 and extending indefinitely thereafter. Second, Dakota Proposition and other major tax reduction proposals have a variety of origins---some particular to the relevant state, and some more general origins as well. Third, common misunderstanding and, indeed, ignorance exists about the benefits provided by public education and about taxation to support education. And finally ...


Friedman's Television Series: Free To Choose, Felix Hsia Jul 1980

Friedman's Television Series: Free To Choose, Felix Hsia

Economics Staff Paper Series

No abstract provided.


A Primer On Macroeconomics For South Dakotans, Philip Favero Nov 1979

A Primer On Macroeconomics For South Dakotans, Philip Favero

Economics Staff Paper Series

What is macroeconomics, you ask; and what does it mean to me? Macroeconomics is the study of aggregate economic conditions, such as a nation's employment, unemployment, and general price levels. Throughout history nations have experienced boom-to-bust cycles--times of employment and prosperity, followed by times of unemployment and hardship. Macroeconomics provides policy makers with ideas to promote economic stability - ways to combat the twin economic evils of unemployment and inflation.