Structural Vector Autoregressive Analysis of Crude Oil Price Shocks on Ghana’s Economy
Table 1.
DescriptiveStatistics of COP and Macroeconomic Indicators (2009q1 – 2020q4)
| Variable | Unit of Measurement | Obs | Mean | Std. Dev. | Min | Max | | COP | US$ | 48 | 68.79 | 22.32 | 27.97 | 105.80 | | INFL | Percentage | 48 | 11.80 | 3.21 | 7.80 | 18.90 | | IR | Percentage | 48 | 26.83 | 2.79 | 21.10 | 32.75 | | EXCH | 1 US$ to GH₵ | 48 | 3.20 | 1.51 | 1.32 | 5.68 | | GDPgr | Percentage | 48 | 6.22 | 5.50 | -5.92 | 25.00 |
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