Daniel Sakyi

Daniel Sakyi
Kwame Nkrumah University Of Science and Technology | KNUST · Department of Economics

PhD Economics

About

47
Publications
18,730
Reads
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729
Citations
Citations since 2016
37 Research Items
676 Citations
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2016201720182019202020212022050100150
2016201720182019202020212022050100150
2016201720182019202020212022050100150
Introduction
Daniel Sakyi is an Associate Professor in the Department of Economics, Kwame Nkrumah University of Science and Technology, Ghana, and a Volkswagen Foundation Senior Fellow. He holds PhD in Economics from University of Pisa, Italy. He is specialized in Development Macroeconomics, International Trade and Finance, and Regional Integration. Daniel has benefited from research grants from a number of international organizations and his research output has appeared in reputed peer reviewed journals.
Additional affiliations
May 2012 - July 2016
Kwame Nkrumah University Of Science and Technology
Position
  • Lecturer

Publications

Publications (47)
Article
This paper investigates the role of technology adoption and quality of institutions on the export performance of African countries. Data on 49 African countries for the period 1995–2019 is used while the two-step system generalized method of moment estimation technique is employed for analyses. The results reveal that, in both the short run and lon...
Article
Seaports and their efficiency remain essential for the success of international trade globally. Notwithstanding this outcome, there is no empirical evidence on how seaport efficiency affect trade performance in Africa. This paper presents an empirical evidence of the effects of seaport efficiency on trade performance in Africa. To do so, we use dat...
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The paper estimate an augmented endogenous economic growth model to investigates the extent to which capital flight affects the impact of external debt on economic growth in selected sub-Saharan African countries. The estimations was done with the aid of a dynamic system generalized method of moments technique with data from 2000 to 2015. The direc...
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This paper examines the role of seaport efficiency in the relationship between trade and welfare outcomes in Africa. Data on 28 African countries for the period 2006 to 2018 is employed while the system generalized method of moments estimation technique is used for the empirical analysis. The paper reveals that seaport efficiency and trade enhances...
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Institutions are important in analyzing the relationship between natural resource rents and financial sector development. The existing research has not unanimously established the role played by the quality of institutions on the impact of natural resource rents on financial sector development. The financial-resource nexus literature has largely ig...
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This study examines the effect of regional integration-specifically, that of the Economic Community of West African States (ECOWAS) as an economic integration agreement-on the survival rate of Ghana's exports. It employs a discrete-time complementary log-log hazard model with a random effects estimation technique and Kaplan-Meier estimates of the s...
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Clarifying and managing demographic changes are central to national economic planning. Yet, how to measure the demographic transition can be fiendishly difficult. This paper breaks new grounds by using the National Transfer Accounts Approach to estimate the lifecycle deficit and the first demographic dividend for Ghana in 2005. The results of the N...
Article
This article investigates the dynamic interaction between stock market returns and exchange rate movement and their implication for portfolio risk management in Ghana. To do so, and considering the Covid-19 crisis, the Dynamic Conditional Correlation Multivariate GARCH estimation technique was employed on daily data for Ghana Stock Exchange (GSE) C...
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The contributions of the agricultural sector to economic growth of developing countries of which Ghana is no exception cannot be overemphasized. Despite the sector being the mainstay of the Ghanaian economy, it is still confronted with several challenges. As a result, several agricultural policies such as, cocoa sector strategy, cocoa disease and p...
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This study investigates the determinants of saving among individuals in the informal sector of Ghana with a focus on those engaged in commercial driving activities. The paper relies on primary data and employs descriptive analysis and the binary probit model as the estimation technique. The results reveal that commercial drivers who own the vehicle...
Article
Seaports and their efficiency are particularly important for international trade flows and the trade balance. Notwithstanding the efficiency of seaports, there exists no empirical evidence on how it influences the trade balance. This paper provides empirical evidence on the effect of seaport efficiency on the trade balance in a sample of 27 African...
Article
This article investigates the drivers of demand for imports of goods and services in a panel of 32 sub-Saharan African countries over the 1990 to 2016 period with the aid of an imperfect substitute model of import demand and the dynamic system-GMM technique. For comparison purposes, three separate models are estimated: imports of goods and services...
Article
This paper investigates the extent to which interest rate spreads is associated with macroeconomic instability in Ghana. Using the Maastricht Criteria, quarterly data on inflation, budget deficit, prime rate, external debt and exchange rate were collected from 2008 to 2018 to construct a composite macroeconomic instability index. The resulting inde...
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Seaport terminals are major facilitators of international trade. One issue that is very crucial to the performance and survival of seaport terminals is the quality of service provided. However, in order to enhance the quality of service provided at these terminals, it is important to know customers' expectations and perceptions about service qualit...
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Customers' expectations and perceptions about service quality continue to remain essential for the growth and survival of firms. In the case of seaports, these expectations and perceptions cannot be overemphasized given that, seaports are at the heart of international trade. Considering the role of trade in increasing economic and social welfare ou...
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The role played by small and medium scale enterprises (SMEs) in employment creation, economic growth and poverty reduction of the developing world cannot be overemphasised. However, the ability of these enterprises to access credit in order to expand their businesses has for years remain a key challenge. Past studies on credit denial among SMEs hav...
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The role played by small and medium scale enterprises (SMEs) in employment creation, economic growth and poverty reduction of the developing world cannot be overemphasised. However, the ability of these enterprises to access credit in order to expand their businesses has for years remain a key challenge. Past studies on credit denial among SMEs hav...
Article
The role played by small and medium scale enterprises (SMEs) in employment creation, economic growth and poverty reduction of the developing world cannot be overemphasised. However, the ability of these enterprises to access credit in order to expand their businesses has for years remain a key challenge. Past studies on credit denial among SMEs hav...
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Full-text available
Financial institutions approve and disburse loans to individuals and firms to generate profit for their sustainability. However, one major challenge financial institutions face is loan default. Multiple borrowing is widely acknowledged as a major factor that contributes to loan default; but there is virtually no empirical evidence in support of thi...
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Institutional trade barriers constitute substantial constraints for a number of exporters and importers. These barriers are multidimensional and they impede trade flows and trade performance of many developing countries, including African countries. In particular, the International Trade Centre through its series of business surveys has identified...
Article
The paper empirically examines the extent to which different forms of capital flows (foreign direct investment [FDI], remittances, foreign aid and external debt) affect the impact of trade (exports) on economic growth in Africa. We do this with the aid of an augmented endogenous growth model which we estimate by dynamic system GMM technique with en...
Article
This study investigates the determinants of trade balance in post-liberalization Ghana, covering the period 1984–2015. Specifically, we test the validity of the Marshall-Lerner condition and the J-curve effect, and further assess the effect of other macroeconomic variables including household consumption expenditure, government consumption expendit...
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Improving social welfare in the developing world remains a top priority on the global development agenda, as policymakers and international development partners worldwide strive to meet the Sustainable Development Goals by 2030. Using data on 40 African countries over the period 2010–2015, this paper investigates the extent to which trade facilitat...
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Since independence, Ghana has experienced four major power crises as a result of the low water level in the hydro dams to generate the required amount of power for the country as well as limited and expensive supply of crude oil and gas. These energy supply constraints make it imperative for the country to rely on demand‐side management policies to...
Article
This article investigates the price discovery and volatility transmission between currency spot and futures markets in India. Daily closing currency spot and futures prices of United States dollar/Indian Rupee (USD/INR), Japanese Yen/Indian Rupee (JPY/INR), Great Britain Pound/Indian Rupee (GBP/INR) and Euro/Indian Rupee (EUR/INR) from 1 March 2010...
Article
This paper investigates the long-and short-run rate of transmission of the prime rate to interest rates since the implementation of inflation targeting policy in Ghana. Monthly data covering the period January 2002 to March 2016 is used. The Johansen and Hansen parameter instability cointegration, the FMOLS and DOLS estimation procedures were used....
Article
This paper investigates the long-and short-run rate of transmission of the prime rate to interest rates since the implementation of inflation targeting policy in Ghana. Monthly data covering the period January 2002 to March 2016 is used. The Johansen and Hansen parameter instability cointegration, the FMOLS and DOLS estimation procedures were used....
Article
This study investigates the effects of trade facilitation and trade on economic growth in Africa. To do so, we measure trade facilitation by means of three indicators, namely trade, export and import related costs, constructed by using principal component analysis. These indicators, in addition to several policy-relevant variables, are used as exog...
Article
The Bhagwati hypothesis predicts a growth enhancing effects of trade (exports) and foreign direct investment (FDI) interaction. This paper tests the validity of the Bhagwati hypothesis by investigating the extent to which the interaction of trade (exports) and FDI has had an impact on economic growth for a sample of 45 African countries over the pe...
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Government spending is a reflection of government policy choices. However, the implications of government spending growth necessitate an understanding of the drivers of the growth of government spending. The present paper modifies the median voter model to explain the growth of government spending by introducing foreign aid, public debt, and democr...
Article
Purpose The purpose of this paper is to examine macroeconomic determinants of interest rate spreads in Ghana for the period 1980-2013. Design/methodology/approach The autoregressive distributed lag bounds test approach to cointegration and the error correction model were used for the estimation. Findings The results indicate that exchange rate vo...
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This study empirically investigates the effect of currency derivative trading on volatility in spot exchange rates for GBP/INR, JPY/INR, and EURO/INR. Using daily spot exchange rates from October 20th 2005 to 30th October, 2016, ARCH-LM test, GARCH model and GJR GARCH model were applied to the data set. The result reveals that the effect of recent...
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There is ample evidence from economic growth literature that investment accelerates economic growth and development of developing countries, of which Ghana is not an exception. Based on this, recent growth and development policies in Ghana have focused more on encouraging private sector investment through the development of the financial sector. Th...
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The Efficient Market Hypothesis proposes that macroeconomic policy actions do not influence stock market development but the Tobin's q theory argues otherwise. This paper uses the autoregressive distributed lag (ARDL) technique to investigate the impact of macroeconomic policy on the development of the Ghana Stock Exchange for the period 1991-2011....
Article
The issue of whether capital inflows promote domestic investment has been of major concern especially in developing countries considering their massive dependence on these inflows. To this end, we make a case for 25 sub-Saharan African countries, using foreign direct investment and external debt as proxies for capital inflows, and the pooled mean g...
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Stock market and interest rate are two vital factors for financial deepening and economic development of any country. Understanding the effects of interest rate on stock market performance provides important implications for policies towards financial market development. This paper investigates the impact of interest rate on stock market capitalisa...
Research
Full-text available
Curriculum Vitae of Daniel Sakyi
Article
This paper investigates the long-run impact of foreign direct investment and trade openness on economic growth in Ghana (1970–2011) within the framework of the endogenous growth literature. Adopting the autoregressive distributed lag bounds testing approach to cointegration the results suggest that the interaction of foreign direct investment and e...
Article
This paper attempts to investigate the extent to which trade openness has had an impact on the levels of income and rates of growth in a sample of 115 developing countries for the period 1970–2009. Additionally, to assess whether there is an income level threshold for a country to benefit from international trade, the sample is broken down into thr...
Chapter
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The study has identified that (i) the rationalists' theory of neorealism and neoliberalism, (ii) the social constructivism theory, and (iii) several theories of economic integration are key in explaining regionalism and economic integration in Africa. Nevertheless, theories of economic integration that share some parellels with neoliberalism theory...
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The impact of trade openness, foreign aid and democracy on government expenditure in developing countries has been emphasized in the literature in recent decades. Nonetheless, most recent studies of Wagner‟s law have often neglected the increasing role played by these policy variables. This paper provides an empirical analysis of the long run impli...
Article
Economic theory predicts a growth enhancing activities of various core functions of government. Nonetheless, government spending in non-democratic countries often goes beyond these core functions, namely into rent-seeking and non-productive activities. This paper employs the Autoregressive Distributed Lag bounds testing approach to cointegration to...
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div>Este artículo examina el impacto del grado de apertura exterior en el crecimiento y desarrollo económicos de un grupo de 85 países de renta media en el periodo 1970-2009. Se emplean técnicas de cointegración en un panel heterogéneo no estacionario con el fin de tomar en consideración el impacto de la dependencia de sección cruzada. Del an...
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The extent to which trade openness and foreign aid impacts on economic growth, has for years been an issue of global debate. Being one of the forerunners to adopt liberalisation policies in sub-Saharan Africa, Ghana's post-liberalisation economic growth performance has received commendations from international institutions. This has increased gover...

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Projects (2)
Project
Main Goal: Examine the extent to which different forms of capital inflows (foreign direct investment, remittances, foreign aid and external debt) affect the impact of trade (exports) on economic growth in Africa. - Investigate direct impact of capital flows and trade on growth. -Investigate the total conditional marginal effect of trade on economic growth in the presence of capital inflows. Method: Endogenous Growth Model, Two-step System Generalized Method of Moments.