@article{Abdulai_Abubakari_2022, title={IMPACT OF GOVERNMENT INVESTMENT EXPENDITURE ON ECONOMIC GROWTH IN GHANA}, volume={9}, url={https://udsijd.org/index.php/udsijd/article/view/573}, DOI={10.47740/573.UDSIJD6i}, abstractNote={<p>The paper investigated the impact of government investment expenditure on economic growth in Ghana using <br />secondary data spanning from 1975 to 2018. The Autoregressive Distributed Lag (ARDL) and the Granger <br />Causality test were adopted to examine the objectives. The results showed that government investment <br />expenditure related positively to economic growth in the long run, but has no statistically significant effect on <br />growth in the short run. Other variables such as foreign direct investment, labour force, gross capital <br />formation, debt service, interest rate, inflation rate, and foreign aid influenced growth positively or negatively. <br />A unidirectional causal relationship ran from Government investment expenditure to growth. The study, <br />therefore, recommends that to attain sustainable future economic growth, the government should pay more <br />attention to its investment expenditure; by providing the necessary resources and the enabling environment <br />for education, health and technology.</p> <p><strong>Keywords: Government Investment Expenditure, Growth, ARDL, Granger Causality, Human capital</strong></p>}, number={1}, journal={UDS International Journal of Development}, author={Abdulai, A-M and Abubakari, A.}, year={2022}, month={Sep.}, pages={698–709} }