Size and Efficiency in African Manufacturing Firms: Evidence from Firm-Level Panel Data.
Three dimensions of the performance of firms in Ghana's manufacturing sector are investigated in this paper: their technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices is not due to a nonhomothetic technology. Observable skills are n...
| Päätekijät: | , |
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| Aineistotyyppi: | Working paper |
| Kieli: | English |
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CSAE (University of Oxford)
2002
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| _version_ | 1826258306498297856 |
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| author | Söderbom, M Teal, F |
| author_facet | Söderbom, M Teal, F |
| author_sort | Söderbom, M |
| collection | OXFORD |
| description | Three dimensions of the performance of firms in Ghana's manufacturing sector are investigated in this paper: their technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices is not due to a nonhomothetic technology. Observable skills are not quantitatively important as determinants of productivity. Technical inefficiency is not lower in firms with foreign ownership or older firms and its dispersion across firms is similar to that found in other economies. Large firms face far higher relative labour costs than small firms. If these factor price differentials could be levelled out, substantial gains thorough improvements in allocative efficiency would be possible. |
| first_indexed | 2024-03-06T18:31:54Z |
| format | Working paper |
| id | oxford-uuid:09ee0d58-3ba3-4cbd-b074-a1f316694662 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T18:31:54Z |
| publishDate | 2002 |
| publisher | CSAE (University of Oxford) |
| record_format | dspace |
| spelling | oxford-uuid:09ee0d58-3ba3-4cbd-b074-a1f3166946622022-03-26T09:21:05ZSize and Efficiency in African Manufacturing Firms: Evidence from Firm-Level Panel Data.Working paperhttp://purl.org/coar/resource_type/c_8042uuid:09ee0d58-3ba3-4cbd-b074-a1f316694662EnglishDepartment of Economics - ePrintsCSAE (University of Oxford)2002Söderbom, MTeal, FThree dimensions of the performance of firms in Ghana's manufacturing sector are investigated in this paper: their technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices is not due to a nonhomothetic technology. Observable skills are not quantitatively important as determinants of productivity. Technical inefficiency is not lower in firms with foreign ownership or older firms and its dispersion across firms is similar to that found in other economies. Large firms face far higher relative labour costs than small firms. If these factor price differentials could be levelled out, substantial gains thorough improvements in allocative efficiency would be possible. |
| spellingShingle | Söderbom, M Teal, F Size and Efficiency in African Manufacturing Firms: Evidence from Firm-Level Panel Data. |
| title | Size and Efficiency in African Manufacturing Firms: Evidence from Firm-Level Panel Data. |
| title_full | Size and Efficiency in African Manufacturing Firms: Evidence from Firm-Level Panel Data. |
| title_fullStr | Size and Efficiency in African Manufacturing Firms: Evidence from Firm-Level Panel Data. |
| title_full_unstemmed | Size and Efficiency in African Manufacturing Firms: Evidence from Firm-Level Panel Data. |
| title_short | Size and Efficiency in African Manufacturing Firms: Evidence from Firm-Level Panel Data. |
| title_sort | size and efficiency in african manufacturing firms evidence from firm level panel data |
| work_keys_str_mv | AT soderbomm sizeandefficiencyinafricanmanufacturingfirmsevidencefromfirmlevelpaneldata AT tealf sizeandefficiencyinafricanmanufacturingfirmsevidencefromfirmlevelpaneldata |