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Structural Vector Autoregressive Analysis of Crude Oil Price Shocks on Ghana’s Economy
Universal Journal of Finance and Economics
| Vol 3, Issue 1
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 |