1st Edition

The Balance of Payments Analysis of Developing Economies Evidence from Nigeria and Ghana

182 Pages
by Routledge

182 Pages
by Routledge

182 Pages
by Routledge

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... Read more
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.

Biography

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.