@article{Pujula:143039,
      recid = {143039},
      author = {Pujula, Aude Liliana and Zapata, Hector O.},
      title = {Macroeconomic Aspects of Ghana's Export Performance},
      address = {2013},
      number = {1373-2016-109137},
      series = {Paper},
      pages = {26},
      year = {2013},
      abstract = {This study examines the role of price competitiveness and  foreign activity in Ghana’s export performance. Using an  augmented VAR model in conjunction with modified Wald  tests, causal relationships are tested between real  effective exchange rates, foreign GDP and both total and  agricultural export volumes. The results show that  improvements in price competitiveness have been the  principal driver of total export volumes. However, none of  the traditional factors of export performance have had a  significant effect on agricultural exports. In addition,  using a VAR-MGARCH-in-mean model, we found that  third-country exchange rates volatility have negatively  affected Ghana’s export growth. These results confirm the  effectiveness of Ghana’s market-oriented policies that  started with the inception of the economic recovery program  in 1983 but call for more policy efforts to offset the  adverse impact of exchange rates volatility on the export  sector.},
      url = {http://ageconsearch.umn.edu/record/143039},
      doi = {https://doi.org/10.22004/ag.econ.143039},
}