Modelling and assessment of the effect of income on service exports in Ghana

Abstract

The effect of income on service export have been modelled and assessed in a trivariate model using time series annual data for Ghana for the period 2005-2013. The analysis is based on ordinary least square (OLS) method of regression. The results seem to suggest that income is positively associated with service export. The findings support theories on income and trade. The implication of the findings is that income is a policy variable to influence service trade. Future study should use larger sample size to ensure there is more external validity of the findings. Causal studies should be considered in future studies