Research Article
The Asymmetric Effects of Oil Price Shocks on Aggregate Demand for Goods and Services in Ghana
| | Variables | Level | First difference | | Intercept | Trend | Intercept | Trend |
| | LROP | 0.347 | -2.534 | -6.074 | -6.166 | | LGDP | 5.376 | -0.926 | -3.251 | -5.687 | | LCONS | 2.300 | -2.445 | -6.508 | -7.444 | | LGOV | 2.644 | -1.307 | -5.501 | -6.227 | | LPINV | 1.008 | -2.524 | -8.245 | -8.847 | | LIMP | 1.207 | -2.012 | -5.788 | -6.284 | | LRM2 | 2.388 | -1.163 | -5.323 | -6.135 | | FB | -1.431 | -3.856 | -9.759 | -9.587 | | NEXR | 8.747 | 5.257 | -0.832 | -2.307 |
|
|
Significant at 1% and significant at 5%. Critical values at 5%: Level: -3.520; First difference: -3.524; Trend: -2.628. |
