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Browsing University Library by Subject "budget share"

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    Accounting For Marginal Food Budget Share And The Engel’s Law Coefficient In Ghana: The Empirics From The Ghana Living Standards Survey Round Seven
    (2021-02) Addai, Isaac
    Using data from the Ghana Living Standards Survey seven, the paper established that the Engel’s Law is applicable to the economy of Ghana suggesting that a 10% rise in household expenditure reduces the share of the household budget allocated to food by 0.801 of one percentage point, on average, and that food is a necessity commodity in Ghana. The marginal food budget share is high at a 62 percent rate putting the economy of Ghana in the medium food insecurity category. Strenuous policy effort must be initiated to increase food production and supply in Ghana to make food not a necessity commodity anymore and move the Ghanaian economy away from the medium food insecurity category in the very near future.
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    Annual Household Budget Share in Formal Education Expenditure Using the Ghana Living Standards Survey Round Six Data: A Micro-Level Statistical Investigation
    (Elsevier, 2024) Addai, Isaac
    Using household-level data from the Ghana Living Standards Survey Round Six, this paper focused on examining factors that determine annual household expenditure on formal education in Ghana, using the annual share of household budget in total education expenditure as the dependent variable. The study established that households in Ghana spend an average of 5.6 percent of their annual income on basic education, and the estimated ordinary least squares (OLS) effect shows that rural households spend 6.7 percent less on education than urban households in Ghana. Policy wise, the central government of Ghana must take measures to ensure that household spending on basic education is reduced more and concerted efforts purposefully upgrading infrastructure and human resources in rural areas to a much level comparable to that in urban areas, and annual rural household education expenditure would also see a tangible increase, ceteris paribus, in Ghana.