[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/bwp/bwppap/esid-053-15.html
   My bibliography  Save this paper

Political settlements, the deals environment and economic growth: The case of Ghana

Author

Listed:
  • Robert Darko Osei
  • Charles Ackah
  • George Domfe
  • Michael Danquah
Abstract
The paper explores the extent to which political settlements, and consequently the deals environment, have influenced the growth and development outcomes for Ghana. This is done using a conceptual framework which tries to demonstrate how political settlements and the deals environment help explain sustained economic growth. Some of the key findings are summarised as follows. First, the paper notes that political settlements in Ghana have been largely personalised over the years, with electoral competition becoming a feature of the last two decades. Second, it notes that the product space for Ghana has remained largely unchanged over the years, reinforcing the argument that growth has not been structurally transformative. Third, it argues that the deals space in Ghana is largely a product of the nature of the political settlement and this in turn has contributed to growth without structural transformation of the economy. The paper concludes by noting that Ghana finds itself in a position where change to its deals space, in a way that promotes sustained accelerated growth, will be difficult.

Suggested Citation

  • Robert Darko Osei & Charles Ackah & George Domfe & Michael Danquah, 2015. "Political settlements, the deals environment and economic growth: The case of Ghana," Global Development Institute Working Paper Series esid-053-15, GDI, The University of Manchester.
    • Handle: RePEc:bwp:bwppap:esid-053-15
    as

    Download full text from publisher

    File URL: http://www.effective-states.org/wp-content/uploads/working_papers/final-pdfs/esid_wp_53_Osei_Ackah_Domfe_Danquah.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Cesar A. Hidalgo & Ricardo Hausmann, 2009. "The Building Blocks of Economic Complexity," Papers 0909.3890, arXiv.org.
    2. Kar, Sabyasachi & Pritchett, Lant & Raihan, Selim & Sen, Kunal, 2013. "Looking for a break: Identifying transitions in growth regimes," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 151-166.
    3. Neil Rankin & Måns Söderbom & Francis Teal, 2006. "Exporting from Manufacturing Firms in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 15(4), pages 671-687, December.
    4. Ricardo Hausmann & Lant Pritchett & Dani Rodrik, 2005. "Growth Accelerations," Journal of Economic Growth, Springer, vol. 10(4), pages 303-329, December.
    5. Tony Killick & Moazzam Malik, 1992. "Country Experiences with IMF Programmes in the 1980s," The World Economy, Wiley Blackwell, vol. 15(5), pages 599-632, September.
    6. Margaret S. McMillan & Dani Rodrik, 2011. "Globalization, Structural Change and Productivity Growth," NBER Working Papers 17143, National Bureau of Economic Research, Inc.
    7. Sen, Kunal, 2013. "The Political Dynamics of Economic Growth," World Development, Elsevier, vol. 47(C), pages 71-86.
    8. Robert Darko Osei, 2012. "Aid, Growth and Private Capital Flows to Ghana," WIDER Working Paper Series wp-2012-022, World Institute for Development Economic Research (UNU-WIDER).
    9. repec:unu:wpaper:wp2012-22 is not listed on IDEAS
    10. Douglas Gollin & Remi Jedwab & Dietrich Vollrath, 2013. "Urbanization with and without Structural Transformation," 2013 Meeting Papers 344, Society for Economic Dynamics.
    11. Robert Osei & Oliver Morrissey & Tim Lloyd, 2005. "The fiscal effects of aid in Ghana," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(8), pages 1037-1053.
    12. Mirza Hassan, 2013. "Political settlement dynamics in a limited-access order: The case of Bangladesh," Global Development Institute Working Paper Series esid-023-13, GDI, The University of Manchester.
    13. Osei, Robert, 2012. "Aid, Growth and Private Capital Flows to Ghana," WIDER Working Paper Series 022, World Institute for Development Economic Research (UNU-WIDER).
    14. Franklin Oduro & Mohammed Awal & Maxwell Agyei Ashon, 2014. "A dynamic mapping of the political settlement in Ghana," Global Development Institute Working Paper Series esid-028-14, GDI, The University of Manchester.
    15. Tim Kelsall & Seiha Heng, 2014. "The political settlement and economic growth in Cambodia," Global Development Institute Working Paper Series esid-037-14, GDI, The University of Manchester.
    16. Lant Pritchett & Erik Werker, 2012. "Developing the guts of a GUT (Grand Unified Theory): elite commitment and inclusive growth," Global Development Institute Working Paper Series esid-016-12, GDI, The University of Manchester.
    17. Kunal Sen & Sabyasachi Kar & Jagadish Prasad Sahu, 2014. "The political economy of economic growth in India, 1993-2013," Global Development Institute Working Paper Series esid-044-14, GDI, The University of Manchester.
    18. Francis Teal, 1999. "The Ghanaian manufacturing sector 1991-95: Firm growth, productivity and convergence," Journal of Development Studies, Taylor & Francis Journals, vol. 36(1), pages 109-127.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Koopman, Eline & Wacker, Konstantin M., 2023. "Drivers of growth accelerations: What role for capital accumulation?," World Development, Elsevier, vol. 169(C).
    2. Sabyasachi Kar & Selim Raihan & Kunal Sen, 2017. "Do economic institutions matter for growth episodes?," Global Development Institute Working Paper Series esid-092-17, GDI, The University of Manchester.
    3. Ahlerup, Pelle & Baskaran, Thushyanthan & Bigsten, Arne, 2016. "Government Impartiality and Sustained Growth in Sub-Saharan Africa," World Development, Elsevier, vol. 83(C), pages 54-69.
    4. Franklin Oduro & Mohammed Awal & Maxwell Agyei Ashon, 2014. "A dynamic mapping of the political settlement in Ghana," Global Development Institute Working Paper Series esid-028-14, GDI, The University of Manchester.
    5. Sen, Kunal & Tyce, Matthew, 2019. "The elusive quest for high income status—Malaysia and Thailand in the post-crisis years," Structural Change and Economic Dynamics, Elsevier, vol. 48(C), pages 117-135.
    6. Kevin S. Nell & Maria M. De Mello, 2019. "The interdependence between the saving rate and technology across regimes: evidence from South Africa," Empirical Economics, Springer, vol. 56(1), pages 269-300, January.
    7. Naima Chrid & Sami Saafi & Mohamed Chakroun, 2021. "Export Upgrading and Economic Growth: a Panel Cointegration and Causality Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(2), pages 811-841, June.
    8. Nouf Alsharif & Sambit Bhattacharyya & Maurizio Intartaglia, 2016. "Economic Diversification in Resource Rich Countries: Uncovering the State of Knowledge," Working Paper Series 09816, Department of Economics, University of Sussex Business School.
    9. Antonio Soares Martins Neto & Gilberto Tadeu Lima, 2017. "Competitive Exchange Rate and Public Infrastructure in a Macrodynamic of Economic Growth," Metroeconomica, Wiley Blackwell, vol. 68(4), pages 792-815, November.
    10. Kunal Sen, 2015. "Growth versus distribution: revisiting the trade-off," Journal of Development Effectiveness, Taylor & Francis Journals, vol. 7(4), pages 471-483, December.
    11. Mohamed Ali Marouani & Rim Mouelhi, 2016. "Contribution of Structural Change to Productivity Growth: Evidence from Tunisia," Journal of African Economies, Centre for the Study of African Economies, vol. 25(1), pages 110-132.
    12. Myriam Ben Saâd & Giscard Assoumou-Ella, 2019. "Economic Complexity and Gender Inequality in Education: An Empirical Study," Economics Bulletin, AccessEcon, vol. 39(1), pages 321-334.
    13. Poncet, Sandra & Starosta de Waldemar, Felipe, 2013. "Export Upgrading and Growth: The Prerequisite of Domestic Embeddedness," World Development, Elsevier, vol. 51(C), pages 104-118.
    14. Giovanni Dosi & Federico Riccio & Maria Enrica Virgillito, 2022. "Specialize or diversify? And in What? Trade composition, quality of specialization, and persistent growth [Catching up, forging ahead, and falling behind]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(2), pages 301-337.
    15. Alsharif, Nouf & Bhattacharyya, Sambit & Intartaglia, Maurizio, 2017. "Economic diversification in resource rich countries: History, state of knowledge and research agenda," Resources Policy, Elsevier, vol. 52(C), pages 154-164.
    16. Dosi, Giovanni & Roventini, Andrea & Russo, Emanuele, 2019. "Endogenous growth and global divergence in a multi-country agent-based model," Journal of Economic Dynamics and Control, Elsevier, vol. 101(C), pages 101-129.
    17. Lant Pritchett & Lawrence H. Summers, 2013. "Asia-phoria meet regression to the mean," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 1-35.
    18. Derek D. Headey, 2016. "The evolution of global farming land: facts and interpretations," Agricultural Economics, International Association of Agricultural Economists, vol. 47(S1), pages 185-196, November.
    19. Pritish Behuria & Tom Goodfellow, 2016. "The political settlement and ‘deals environment’ in Rwanda: Unpacking two decades of economic growth," Global Development Institute Working Paper Series esid-057-16, GDI, The University of Manchester.
    20. Pritchett, Lant & Sen, Kunal & Kar, Sabyasachi & Raihan, Selim, 2016. "Trillions gained and lost: Estimating the magnitude of growth episodes," Economic Modelling, Elsevier, vol. 55(C), pages 279-291.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bwp:bwppap:esid-053-15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rowena Harding (email available below). General contact details of provider: https://edirc.repec.org/data/wpmanuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.