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Email: edward.ghartey@uwimona.edu.jm

Phone: 876-970-6280 Ext: 3280

Office: Room 14

Office Hours: Mon 10-11:30 am; Wed 10-11:30 am

Course Taught:

Qualifications: Ph.D., MA, BA Combined Hons

Research Interests: 

 

Publications:

Journal Publications:

Ghartey, Edward E. (2013), “Effects of tourism, economic growth, real exchange rates, structural changes and hurricanes in Jamaica,” Tourism Economics, 19 (4), 919-942.

Ghartey, Edward E. and Tom M. Amonde (2013), “Stabilization effects of narrative-based monetary policy in Jamaica, International Economic Journal, 27 (3), 463-486.

Ghartey, Edward E. (2010).Government Expenditures and Revenues Causation: Some Caribbean Empirical Evidence, Applied Econometrics, and InternationalDevelopment, 10 (2). 149-165.Ghartey, Edward E. (2010).Cointegration and Causal Relationship between Taxes and Spending for Kenya, Nigeria, nd South Africa,” International Economic Journal, 24(2), 267-282.

Ghartey, Edward E. (2009), The Mid 1990s Peso Crisis in Mexico: An Application of the Girton-Roper Model.Frontiers in Finance and Economics, 6 (1), 73-92.
 
Ghartey, Edward E. (2008), "The Budgetary Process and Economic Growth: Empirical Evidence of the Jamaican Economy. Economic Modelling, 25(1), 1128-1136.

Ghartey, E.E. (2008),I s the Caribbean Community an Optimum Currency Area?Estudios Economicos de Desarrollo Internacional (Economic Studies of International Development), 8(1), 5-36.

Ghartey, Edward E. (2007), An Empirical Study of Economic Growth and Expanding Role of Government in Ghana: 1965-2004, Journal of Economic Asymmetries, 4 (1): 133-148.

Ghartey, Edward E. (2006), Wagner's Law and the Causal Nexus between Government Expenditures and Tax Receipts: An Empirical Study of Ghana.” The Institute of Economic Affairs Policy Analysis, July:

Ghartey, Edward E. (2005),Ghana's Term Structure of Interest Rates: Effects and Implications of Monetary Policy. The Institute of Economic Affairs Policy Analysis,  March: 1-14.

Ghartey, Edward E. (2005), Common Currency and Exchange Rate System for the West African Monetary Zone: Is the Coronation Approach Feasible?  The Institute of Economic Affairs Policy Analysis, April: 1-17.

Ghartey, Edward E (2004), Random Walk as a Universal Test of Weak-Form Foreign Exchange Market Efficiency: A Proof.Frontiers in Finance and Economics, 1 (1): 37-45.

Ghartey, Edward E (2003), Monetary Policy and Deficits Financing in Jamaica, Journal of Economic Development, June, 28 (1): 81-99.

Ghartey, Edward E (2002), "Exchange Market Pressure and Optimal Foreign Exchange Regime in Jamaica," Social and Economic Studies, June, 51 (2): 49-62.

Ghartey, Edward E (2001), Macroeconomic instability and inflationary financing in Ghana, Economic Modelling, 18 (3): 415 - 433.

Ghartey, Edward E (1998), "Monetary Dynamics in Ghana: Evidence from Cointegration, Error Correction Modelling, and Exogeneity," Journal of Development Economics, December, 57 (2): 473-486.

Ghartey, Edward E (1998), "Money Demand in Jamaica: Evidence from Cointegration, Error Correction Modelling, and Exogeneity," North American Journal of Economics and Finance, June, 1998, 9(1): 33-44.

Ghartey, Edward E (1997), "Dynamic Analysis of Purchasing Power Parity in Jamaica," Social and Economics Studies, 46 (1): 57-74.

Ghartey, Edward E (1993), "Causal relationship between exports and economic growth: some empirical evidence in Japan, Taiwan, and U.S.A.," Applied Economics, 25 (9): 1145-1152.

Ghartey, Edward E. and U.L.G. Rao (1990), "A short-run forecasting model of Ghana," Economic Modelling, 7 (3): 291-308.

Ghartey, Edward E (1987), "Devaluation as a balance of payments corrective measure in developing countries: a study relating to Ghana," Applied Economics, 19 (7): 937-947.

Chapters in Books

Ghartey, Edward E. (2002),  Exchange Market Efficiency: Perspectives from Jamaica, an Emerging Market, In Money and Finance in the Global Economy: Challenges and Opportunities for the 21st Century, Andreas A. Kintis, Peter E. Koveos, Christos C. Paraskevopoulos, and Nicholas C. Baltas, editors. (Toronto, Canada: APF Press), August: 167-190.

Ghartey, Edward E. (2000), CaribbeanThe Monetary Approach to Determine the Exchange Rate in the Caribbean, In G. Meijer, W.J.M. Heijman, J.A.C. Van Ophem and B.H.J. Verstegen (eds.), The Maastricht ISINI-Papers, 1,(The Netherlands: Shaker Publishing): 221-237.

Ghartey, Edward E. (1998), Testing for Weak- and Super-exogeneity Conditions of Money Demand Functions in Some Caribbean Nations," Econometric Modelling of Ithe Caribbean, T. Agbeyebe and S. Kim (eds.), (3 and 4),(Trinidad-Tobago: CCMS Publication):  1-36.

 Monographs

Ghartey, Edward E. (2006), Wagner's Law and the Causal Nexus between Government Expenditures and Tax Receipts: An Empirical Study of Ghana.

IEA Monograph 13, (Accra: The Institute of Economic Affairs Publishing).

Ghartey, Edward E. (2005), Ghana's Term Structure of Interest Rates: Effects and Implications of Monetary Policy. IEA Monograph 8, (Accra: The Institute of Economic Affairs Publishing): 1-28.

Ghartey, Edward E. (2005), Common Currency and Exchange Rate System for the West African Monetary Zone: Is the Coronation Approach Feasible? IEA Monograph 7, (Accra: The Institute of Economic Affairs Publishing): 1-35.

*Note: Versions of these papers have been published in The Institute of Economic Affairs Policy Analysis journal. Monographs are different from journals.

International Conference Proceedings

Ghartey, Edward E. (2007), An Empirical Study of Economic Growth and Expanding Role of Government in Ghana: 1965-2004.â Asymmetries in Globalization: Opportunities and Risks, Proceedings of Selected Papers, Marc Hayford, A.G. Malliaris, and Mary Malliaris (Editors). Chicago, Illinois: Loyola University Chicago, July, pp. 153-168.1*(Revised version has been published in Journal of Economic Asymmetries).

Ghartey, Edward E. (2006), The Mid 1990s Peso Crisis in Mexico: A Re-examination. International Conference on Policy Modeling Proceedings, Paper 1349, A. Bayar (Editor), Brussels: Global Economic Modeling Network,  CD-ROM,  pp. 1-23.

Ghartey, Edward E. (2006), Exchange Pressure, Sterilized Intervention and Monetary Policy in Ghana. International Conference on Policy Modeling Proceedings, Paper 1352, A. Bayar (Editor), Brussels: Global Economic Modeling Network, CD-ROM, pp. 1-27.

Ghartey, Edward E. (2003), Efficient Exchange Market and Dollarization Inflation Targeting Alternative: Evidence from Chile, Mexico, Singapore and South Korea, ISINI Conference Proceedings, International II, Lille Graduate School of Management, ESC, Lille, France.

Ghartey, Edward E. (2000), Exchange Market Pressure and Reserve Fluctuations: The Mid 1990s Mexican Experiences. ISINI Conference Proceedings, FloridaInternationalUniversity, Miami, CD-ROM.


Ghartey, Edward E. (1999), Empirical Evidence of Structural Invariance of Money Demand in Barbados, In ISINI Conference Proceedings, Edgar Ortiz and A. Cabello(eds.), 2, (Mexico: Universidad Nacional Autonoma de Mexico), pp. 443-453
 
Publications of Popular Opinions on Economic Policy Issues

Ghartey, Edward E. (2005), Ghana Airways™ New Management, Tax Payers and Principal-Agent Problem. Business & Financial Times, May.
 
Ghartey, Edward E. (2004), Inflation Targeting as Solution to Fiscal Dominance, Jamaica Observer, April 16.

Ghartey, Edward E. (2003), Pundits, Weak Jamaican Dollar and Policy, Jamaican Observer, May 23.

Ghartey, Edward E. (2003), Speculators and Sliding Jamaican Dollar, Jamaican Observer, May 20.

Ghartey, Edward E. (2000), Eclectic Economic Policy Approach Necessary, Jamaica Observer, February 24.

Ghartey, Edward E. (1999), Economic Fundamentals and Monetary Policy: Relevant Choice, Jamaica Observer, July 14.
 
Ghartey, Edward E. (1998), Revisiting the Interest Rates Structure, Jamaican Observer, December 8.

Ghartey, Edward E. (1998), "The Structure of Interest Rates: The Way Out," Jamaica Observer, April 20.

Ghartey, Edward E. (1997),"Taxes under a Democratic Government," Jamaica Observer, June 17.

Ghartey, Edward E. (1997), "Policy Consistency and Credibility," Gleaner May 23; Reprinted in Jamaica Observer, May 15

Ghartey, Edward E. (1996), "Policy Directions for the Economy," Jamaica Herald, Business & Finance, March 10.

Ghartey, Edward E. (1995), "Is Devaluation a Self-serving or Social Welfare Policy?" Jamaica Herald, Thursday Focus, October 19. Reprinted in Jamaica Observer, October 21.

Ghartey, Edward E. (1995), "Exporters and Devaluation," Jamaica Herald, April 9 (pseudonym).

Ghartey, Edward E. (1995), "Should the Jamaican Dollar be allowed to Appreciate?" Jamaica Herald, January 31 (pseudonym).

Other Notable Completed Academic Works

Ghartey, Edward E. (1987), A Macro-econometric Model of Ghana, Ph.D. Dissertation, DalhousieUniversity, Halifax, Canada, October.
 
Ghartey, Edward E. (1983), Devaluation as Balance of Payment Adjustment Mechanism in Developing Countries: A Study Relating to Ghana, M.A. Thesis, Acadia University, Wolfville, Canada, May.

Ghartey, Edward E. (1979), An Econometric Analysis of Demand for Fish in

Ghana, B.A. Long Essay, University of Ghana, Accra, Ghana, May.

Ghartey, Edward E. (2002), “Measurement of Underground Economy and Implications for Policy: A Critical Review. Lâeconomie informelle: Realites et Mecanismes dans les Pays de la Caraibe, Laboratoire d’Economie Appliquee au Developpement (LEAD), Universite des Antilles et de la Guyane, World Trade Centre (WTC)-Jarry, Baie-Mahault, Guadeloupe, April 19.

Ghartey, Edward E. (1999), “Domestic Savings as a Linchpin to National Development: Is it Critical to Economic Development?” Capital & Credit Merchant Bank Ltd. Financial Forum, Le Meridien Jamaica Pegasus, Kingston, Jamaica, June 29.

Ghartey, Edward E. (1994), "Hemispheric Free Trade: Caribbean Priorities," Summit of the Americas: Caribbean Priorities for Trade, Governance and Adjustment, The Courtleigh Hotel, KingstonJamaica, November 6.
 
Ghartey, Edward E. (2005),The G8 Debt Cancellation and Unfolding International Developments: The Case of Zero-Sum Game. Christian Council of Ghana, the G8 Meeting, Gleneagles, Scotland, July 1. Consultancy Report.

Ghartey, Edward E. (1991), "Selection and Specification of Structural Models of Lower-Middle Income Countries: the Case of Thailand", Economic Limits to the
Possible Future, Naval Surface Warfare Centre, Dahlgren, Virginia, July 17.

Ghartey, Edward E. and Gregory Hung (1992), Thailand's Economy into the Twenty First Century: A Long Term Forecasting Model for Lower-Middle Income Countries. The International Policy Institute, Washington, DC.

 

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