The Ghanaian Manufacturing Sector 1991-95: Firm Growth, Productivity and Convergence.
The removal of high levels of protection combined with substantial real devaluations have changed the environment in which Ghanaian manufacturing firms have operated in the 1990s. The changes in output, composition and productivity, which have occurred over this period, are examined in this article....
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| Format: | Journal article |
| Language: | English |
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Routledge
1999
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| _version_ | 1797095165467295744 |
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| author | Teal, F |
| author_facet | Teal, F |
| author_sort | Teal, F |
| collection | OXFORD |
| description | The removal of high levels of protection combined with substantial real devaluations have changed the environment in which Ghanaian manufacturing firms have operated in the 1990s. The changes in output, composition and productivity, which have occurred over this period, are examined in this article. Survey evidence for the growth of the sector is shown to be consistent with data from sales tax returns. Analysis of the panel survey shows that, in a comparative context, the rate of job creation in Ghana's manufacturing sector is high. This rate is highest in medium-sized firms; small firms have not grown more rapidly than larger firms. There has been no underlying growth in technical efficiency and output growth has been matched by a commensurate growth in labour and capital inputs. Labour productivity differs substantially by firm size due primarily to differences in physical, not human, capital endowments. |
| first_indexed | 2024-03-07T04:23:59Z |
| format | Journal article |
| id | oxford-uuid:cbfe9146-0760-4897-a5fe-b70f926c2dcd |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T04:23:59Z |
| publishDate | 1999 |
| publisher | Routledge |
| record_format | dspace |
| spelling | oxford-uuid:cbfe9146-0760-4897-a5fe-b70f926c2dcd2022-03-27T07:18:39ZThe Ghanaian Manufacturing Sector 1991-95: Firm Growth, Productivity and Convergence.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:cbfe9146-0760-4897-a5fe-b70f926c2dcdEnglishDepartment of Economics - ePrintsRoutledge1999Teal, FThe removal of high levels of protection combined with substantial real devaluations have changed the environment in which Ghanaian manufacturing firms have operated in the 1990s. The changes in output, composition and productivity, which have occurred over this period, are examined in this article. Survey evidence for the growth of the sector is shown to be consistent with data from sales tax returns. Analysis of the panel survey shows that, in a comparative context, the rate of job creation in Ghana's manufacturing sector is high. This rate is highest in medium-sized firms; small firms have not grown more rapidly than larger firms. There has been no underlying growth in technical efficiency and output growth has been matched by a commensurate growth in labour and capital inputs. Labour productivity differs substantially by firm size due primarily to differences in physical, not human, capital endowments. |
| spellingShingle | Teal, F The Ghanaian Manufacturing Sector 1991-95: Firm Growth, Productivity and Convergence. |
| title | The Ghanaian Manufacturing Sector 1991-95: Firm Growth, Productivity and Convergence. |
| title_full | The Ghanaian Manufacturing Sector 1991-95: Firm Growth, Productivity and Convergence. |
| title_fullStr | The Ghanaian Manufacturing Sector 1991-95: Firm Growth, Productivity and Convergence. |
| title_full_unstemmed | The Ghanaian Manufacturing Sector 1991-95: Firm Growth, Productivity and Convergence. |
| title_short | The Ghanaian Manufacturing Sector 1991-95: Firm Growth, Productivity and Convergence. |
| title_sort | ghanaian manufacturing sector 1991 95 firm growth productivity and convergence |
| work_keys_str_mv | AT tealf theghanaianmanufacturingsector199195firmgrowthproductivityandconvergence AT tealf ghanaianmanufacturingsector199195firmgrowthproductivityandconvergence |