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The Dynamics between Government Capital Expenditure and Revenue in Ghana: A Vector Error Correction Model Approach

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Figure

Table 2: Johansen Cointegration Result based on Trace Statistics
Table 5: VECM and Short –Run Granger Causality Using the WALD Test  When RGCE is the Dependent Variable
Figure 2: Trends in Ghana’s budget deficit and inflation rate, 2001-2014.
Figure 3: Trends in Ghana’s exchange rate, 2001-2013.

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