The Balance of Payments Analysis of Developing Economies

Evidence from Nigeria and Ghana

Olumuyiwa Samson Adedeji, Handa Jagdish, Alexander Bilson Darku (Autoren)

Buch | Softcover

182 Seiten

2022
Routledge (Verlag)
978-1-138-35739-6 (ISBN)

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Developing countries - given their extreme economic vulnerability - are likely to be better served by maintaining flexible exchange rate regimes. That is the finding of this informative and enlightening book. Presenting unique theoretical and econometric analysis of the current account of the balance of payments of Nigeria and Ghana, this book examines the features common to the economic position of developing countries (such as recurring deficits and continual increases in external debt). The book presents a number of new theoretical modifications to the standard version of the value model of the current account, in order to reflect the major characteristics of developing economies. The book also uses rigorous econometric analyses to determine the validity of theoretical models, and examines the sustainability of these various countries' current account deficits.

Olumuyiwa Samson Adedeji is an Economist for the International Monetary Fund, USA. Professor Jagdish Handa is Professor of Economics in the Department of Economics at McGill University, Montreal, Canada. Alexander Bilson Darku is Lecturer in the Department of Economics at Concordia University, Montreal, Canada.

Contents: Introduction; An overview of the Nigerian economy and the relevant concepts; The intertemporal model of the current account: an introduction; The present value models of the current account; Econometric estimation of the PVMCA for Nigeria; The traditional models of the current account and external imbalances sustainability in Nigeria; An overview of the Ghanaian economy; Econometric analysis of Ghana's current account; Summary and conclusions; References; Index.

Erscheinungsdatum	10.03.2022
Verlagsort	London
Sprache	englisch
Maße	152 x 235 mm
Gewicht	280 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	1-138-35739-1 / 1138357391
ISBN-13	978-1-138-35739-6 / 9781138357396
Zustand	Neuware