@article {2602,
	title = {The balance of payments constraint growth model and the effect of trade liberalization on the trade balance and income growth in Ghana},
	journal = {The African Finance Journal},
	volume = {14},
	year = {2012},
	pages = {37-66},
	abstract = {This paper uses the balance of payment constraint (BPC) growth modeland the autoregressive distributed lag approach to cointegration toexamine the major determinants of income growth in Ghana, emphasizing\&nbsp;the importance of exports, capital inflows and relative prices. The paper\&nbsp;also uses the model to identify the effect of trade liberalization on the trade\&nbsp;balance and income growth in Ghana. The main empirical results suggest\&nbsp;that increases in the growth rates of exports, capital inflows and relative\&nbsp;prices lead to an increase in growth of income. However, the liberalization\&nbsp;of the external sector has not improved the income growth performance in\&nbsp;Ghana. The results from this study questions the idea that trade\&nbsp;liberalization leads to improvement in economic welfare of countries by\&nbsp;raising the sustainable growth rate.},
	author = {Alexander Bilson Darku}
}
