1,258
Views
0
CrossRef citations to date
0
Altmetric
GENERAL & APPLIED ECONOMICS

Savings and economic diversification among youth in Ghana: implications for policy and practice

ORCID Icon, , , , , , & show all
Article: 2123887 | Received 08 Jun 2021, Accepted 08 Sep 2022, Published online: 23 Nov 2022

References

  • Affum, F. (2020). The unintended effects of bank of Ghana’s clean-up exercise on unaffected financial institutions: Evidence from Yilo Krobo Municipality, Ghana. Asian Journal of Economics, Business and Accounting, 17(1), 1–15.
  • Anyaehie, M. C., & Areji, A. C. (2015). Economic diversification for sustainable development in Nigeria. Open Journal of Political Science, 5(2), 87–94. https://doi.org/10.4236/ojps.2015.52010
  • Asfaw, S., Scognamillo, A., Di Caprera, G., Sitko, N., & Ignaciuk, A. (2019). Heterogeneous impact of livelihood diversification on household welfare: Cross-country evidence from Sub-Saharan Africa. World Development, 117(1), 278–295. https://doi.org/10.1016/j.worlddev.2019.01.017
  • Atiemo, P., Quaynor, D., & Asante, P. Y. S. (2020). Employability Status of NABCO Trainees for the Job Market. World Academics Journal of Management, 8(1), 1–8. https://isroset.org/pub_paper/WAJM/1-WAJM-02989.pdf
  • Beverly, S., Sherraden, M., Zhan, M., Williams Shanks, T. R., Nam, Y., & Cramer, R. (2008). Determinants of asset building (Urban Institute Poor Finances Series). The Urban Institute.
  • Brown, R., & Foster, J. (2019). Remittances and savings in migrant-sending countries. Pacific Economic Bulletin. http://hdl.handle.net/1885/158095
  • Chowa, G., Masa, R., Wretman, C., & Ansong, D. (2013). The impact of household possessions on youth’s academic achievement in the Ghana YouthSave experiment: A propensity score analysis. Economics of Education Review, 33(1), 69–81. econedurev.2012.08.005. https://doi.org/10.1016/j.econedurev.2012.08.005
  • Dagar, V., Khan, M. K., Alvarado, R., Usman, M., Zakari, A., Rehman, A., Tillaguango, B., & Tillaguango, B. (2021). Variations in technical efficiency of farmers with distinct land size across agro-climatic zones: Evidence from India. Journal of Cleaner Production, 315(1), 128109. https://doi.org/10.1016/j.jclepro.2021.128109
  • Dagunga, G., Amoakowaa, A., Mabe, F. N., Ehiakpor, D. S., & Mabe, F. N. (2020). Interceding role of village savings groups on the welfare impact of agricultural technology adoption in the upper east region, Ghana. Scientific African, 8(1), e00433. https://doi.org/10.1016/j.sciaf.2020.e00433
  • Demirguc-Kunt, A., & Klapper, L. (2012). Measuring financial inclusion: The Global Findex Database. World Bank eAtlas of Financial Inclusion. http://www.app.collinsindicate.com/worldbankatlas-fi/en-us
  • Donkor, J., & Duah, F. A. (2013). Relationship between savings and credit in rural banks with specific reference to Ghana. International Journal of Business and Social Science, 4(8), 210–221. http://ijbssnet.com/journals/Vol_4_No_8_Special_Issue_July_2013/20.pdf
  • FAO. (2012a). Decent rural employment for food security. A case for action.
  • Flynn, J., & Sumberg, J. (2018). Are savings groups a livelihoods game changer for young people in Africa? Development in Practice, 28(1), 51–64. https://doi.org/10.1080/09614524.2018.1397102
  • Freire, C. (2019). Economic diversification: A model of structural economic dynamics and endogenous technological change. Structural Change and Economic Dynamics, 49(1), 13–28. https://doi.org/10.1016/j.strueco.2019.03.005
  • Huang, J., Sherraden, M., Kim, Y., & Clancy, M. (2014). Effects ofchild development accounts on early social-emotional development: An experimental test. JAMA Pediatrics, 168(3), 265–271. https://doi.org/10.1001/jamapediatrics.2013.4643
  • Kudaisi, B. V. (2013). Savings and its determinants in West Africa countries. Journal of Economics and Sustainable Development, 4(18), 107–119.
  • Lidi, B. Y., Bedemo, A., & Belina, M. (2017). Determinants of saving behavior of farm households in rural ethiopia: the double hurdle approach. Developing Country Studies, 7(12), 17–26. https://core.ac.uk/download/pdf/234683271.pdf
  • Loison, S. A. (2015). Rural Livelihood Diversification in Sub-Saharan Africa: A Literature Review. Journal of Development Studies, 51(9), 1125–1138. https://doi.org/10.1080/00220388.2015.1046445
  • Mariam, A., & Maiwand, A. (2014). Determinants of household savings: a case study of yazman-Pakistan. International Journal of Scientific and Engineering Research, 5(12), 1624–1631.
  • Marsden, J., Marsden, K., Rahman, M., Danz, T., Danz, A., & Wilson, P. (2020). Learning and savings groups in Bangladesh: An alternative model for transforming families and communities. Development in Practice, 30(1), 52–67.
  • Ministry of Youth and Sports (2010) Definition of youth. Available at https://www.youthpolicy.org/factsheets/country/ghana/
  • Miranda, A. (2004). FIML estimation of an endogenous switching model for count data. The Stata Journal, 4(1), 40–49. https://doi.org/10.1177/1536867X0100400103
  • Murshed, M., Rahman, M., Alam, M. S., Ahmad, P., & Dagar, V. (2021). The nexus between environmental regulations, economic growth, and environmental sustainability: Linking environmental patents to ecological footprint reduction in South Asia. Environmental Science and Pollution Research, 28(36), 49967–49988. https://doi.org/10.1007/s11356-021-13381-z
  • Quartey, P., & Blankson, T. (2008). The Economy of Ghana: Analytical Perspectives on Stability, Growth & Poverty. Boydell and Brewer.
  • STATISTA, (2019) Ghana: Youth unemployment rate from 1999 to 2019 https://www.statista.com/statistics/812039/youth-unemployment-rate-in-ghana/ accessed on 18th September, 2020
  • Terza, J. (1998). Estimating count data models with endogenous switching: Sample selection and endogenous treatment effects. Journal of Econometrics, 84(1), 129–154. https://doi.org/10.1016/S0304-4076(97)00082-1
  • Todaro, M. P., & Smith, S. C. (2012). Economic development (11th ed.). Addison-Wesley.
  • Trading Economics (2019). Ghana Gross Domestic Savings (% of GDP). https://tradingeconomics.com/ghana/gross-domestic-savings-percent-of-gdp-wb-data.html. Accessed on 18th September, 2020
  • United Nations Conference on Climate Change [UNFCC], (2016). The concept of economic diversification in the context of response measures, https://unfccc.int/sites/default/files/resource/Technical%20paper_Economic%20diversification.pdf. Accessed on 20th September, 2020.
  • Zhang, C., Khan, I., Dagar, V., Saeed, A., & Zafar, M. W. (2022). Environmental impact of information and communication technology: Unveiling the role of education in developing countries. Technological Forecasting and Social Change, 178(1), 121570. https://doi.org/10.1016/j.techfore.2022.121570
  • Zou, L., Myers, S., Njenga, G., Appiah, E., Opai-Tetteh, D., & Sherraden, M. S. (2015). Facilitators and Obstacles in Youth Saving: Perspectives from Ghana and Kenya. Global Social Welfare, 2(2), 65–74. https://doi.org/10.1007/s40609-015-0028-y