02481naa a2200229 i 4500 acta72032 20230302142154.0 210216s2020 hu o 1|| eng d 10.14232/casep21c.9 doi SZTE Egyetemi Kiadványok Repozitórium hun eng Klutse Senanu Kwasi The problem of economic growth in Sub-Saharan Africa [elektronikus dokumentum] : the case of Ghana, Republic of Congo, Kenya and Lesotho / Klutse Senanu Kwasi 2020 129-139 The Challenges of Analyzing Social and Economic Processes in the 21st Century A wide range of policy-related variables have a persistent influence on economic growth. This has consistently maintained the interest of economists on the determinants of economic growth over the years. There is consensus however that for countries to grow sustainably, a lot of stall must be placed on higher savings rate as this makes it easy for such countries to grow faster because they endogenously allocate more resources to inventive activities. Due to data difficulties in Sub-Saharan Africa (SSA) it is nearly impossible for one to consider important variables such as accumulation of knowledge and human capital when analysing growth sustainability. Studying four lower middle-income countries in SSA – Ghana, Republic of Congo, Kenya and Lesotho – this study tests the hypothesis of sustainable growth by using a Dynamic Ordinary Least Square (DOLS) model to examine the relationship between savings, investment, budget deficit and the growth variable. The results showed that savings had a significant but negative relationship with the GDP per capita (PPP). A Granger Causality test conducted showed that savings does not granger cause GDP per capita (PPP), the HDI index, deficit and investment. This leads to the conclusion that growth in these countries are not sustainable. The study recommends that policy makers focus on the savings variable if these countries will want to achieve sustainable growth. Társadalomtudományok Közgazdasági és gazdálkodástudományok Gazdasági növekedés - Afrika, Gazdaságpolitika - Afrika Társadalmi és gazdasági folyamatok elemzésének kérdései a XXI. században Szeged 2019 http://acta.bibl.u-szeged.hu/72032/1/the_challenges_of_analyzing_social_and_economic_processes_129-139.pdf Dokumentum-elérés