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Public Debt in Ghana A Dynamic Stochastic General Equilibrium (DSGE) Perspective in a Closed Economy
https://doi.org/10.18999/forids.56.5
https://doi.org/10.18999/forids.56.574ddfb3a-cd9e-45f3-961e-1b3debd724ce
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
56-5.pdf
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| アイテムタイプ | itemtype_ver1(1) | |||||||
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| 公開日 | 2025-09-19 | |||||||
| タイトル | ||||||||
| タイトル | Public Debt in Ghana A Dynamic Stochastic General Equilibrium (DSGE) Perspective in a Closed Economy | |||||||
| 言語 | en | |||||||
| 著者 |
ARMAH, Samuel Otokunor
× ARMAH, Samuel Otokunor
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| アクセス権 | ||||||||
| アクセス権 | open access | |||||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Dynamic Stochastic General Equilibrium (DSGE) Model | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Real Business Cycle (RBC) | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | This study employs the DSGE model within the RBC framework to investigate the macroeconomic dynamics of public debt shocks in Ghana. The model captures fiscal implications on performance indicators amidst the post-COVID-19 macroeconomic outlook. The model unveils a significant initial contraction in output from the debt shock, which reflects the fiscal pressures on productive investments. Household consumption instantaneously spikes; however, it plummets in anticipation of future tax policy adjustments. While government’s fiscal consolidation response results in expenditure cuts to achieve macroeconomic stability. Investment and capital stock exhibit a trade-off with consumption due to stricter fiscal reactions post-shock. Real interest rate plunges due to reduced borrowing, while labor supply decreases at first due to uncertainties in income and lessor demand as output falls. Government expenditures shrink, demonstrating the efficacy of fiscal policies in managing debt. Meanwhile, sensitivity analyses affirm the robustness of the RBC, depicting that debt persistence and fiscal reaction parameters significantly shape macroeconomic outcomes. Further examination justifies the closed economy, citing theoretical and empirical evidence that fiscal responses demonstrate similar behavior in both closed and open economies under certain conditions. This research contributes to the literature, indicating that fiscal policies could be deployed to stabilize vulnerable economies in crisis. | |||||||
| 言語 | en | |||||||
| 出版者 | ||||||||
| 出版者 | 名古屋大学大学院国際開発研究科 | |||||||
| 言語 | ja | |||||||
| 出版者 | ||||||||
| 出版者 | Graduate School of International Development, Nagoya University | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| 資源タイプ | ||||||||
| 資源タイプresource | http://purl.org/coar/resource_type/c_6501 | |||||||
| タイプ | departmental bulletin paper | |||||||
| 出版タイプ | ||||||||
| 出版タイプ | VoR | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||
| ID登録 | ||||||||
| ID登録 | 10.18999/forids.56.5 | |||||||
| ID登録タイプ | JaLC | |||||||
| 収録物識別子 | ||||||||
| 収録物識別子タイプ | PISSN | |||||||
| 収録物識別子 | 1341-3732 | |||||||
| 収録物識別子 | ||||||||
| 収録物識別子タイプ | EISSN | |||||||
| 収録物識別子 | 2189-9126 | |||||||
| 書誌情報 |
ja : 国際開発研究フォーラム en : Forum of International Development Studies 巻 56, 号 5, p. 1-24, 発行日 2025-09 |
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