What is the Effect of Inflation on Consumer Spending Behaviour in Ghana?

Journal Title: Journal of Social Economics - Year 2017, Vol 4, Issue 2

Abstract

The paper examines the effect of inflation on consumer spending behaviour in Ghana during the period 1964 to 2013 using annual data. The analysis of the results was done using Ordinary least square test (OLS), the Johansen test (JH), and Vector Error Correction (VECM) test. The findings of the studies based on the JH tests showed stable significant long run relationship between inflation and consumer spending behaviour. The findings of the study shows significant short run relationship between inflation and consumer spending using the VECM. The results of the OLS test show there is positive relationship between inflation and consumer spending behaviour. Policy makers should take into account the findings of the study in managing the economy. Future studies on causality and structural break are worth undertaking.

Authors and Affiliations

Gabriel Effah Nyamekye, Eugene Adusei Poku

Keywords

Related Articles

Participation of Market Women in Grass Roots Governance in Nigeria

In every democratic society, citizens should participate in political activities, regardless of age, status, gender, occupation, education or ethnic group. However literature shows that women have arguably been margina...

Can a Postponed Retirement Solve the Financial Problem?

Many nations have been experiencing financial problems associated with their aging populations. These problems must be dealt with at both overall social and individual levels. Anyone who thinks retirement is a few deca...

The ‘People’ Element and Service Quality at the Zimbawe Banking Corporation (2003-2005): Debunking the Effectiveness of the Bank’s Internal Marketing Strategy

This study sought to establish the effectiveness of the ‘people’ strategy at ZIMBANK, that is whether ZIMBANK employees (people) were effectively trained and motivated and whether they were in a position to offer quali...

An Analytical Study of the Socio-Economic Problems of Third Gender

The purpose of the study was to investigate the socio economic problems of 3rd gender. Convenience sampling method was used to select the required respondents in the District Peshawar. The sample size of our research w...

Poverty and Child Immunization in Pakistan

The purpose of the study was to investigate the association between poverty and Children immunizations in Pakistan. Using the data of 23 years from 1980-2012, which was collected from World Development Indicator (WDI),...

Download PDF file
  • EP ID EP28695
  • DOI -
  • Views 333
  • Downloads 7

How To Cite

Gabriel Effah Nyamekye, Eugene Adusei Poku (2017). What is the Effect of Inflation on Consumer Spending Behaviour in Ghana?. Journal of Social Economics, 4(2), -. https://europub.co.uk/articles/-A-28695