The Determinants of Technical Efficiency of Manufacturing Firms in Ghana
AbstractThis paper uses the Data Envelopment Analysis (DEA) technique to estimate the technical efficiency of firms in Ghana across six manufacturing industries during 1991-2002. We observe that manufacturing firms in Ghana are significantly less efficient than their counterparts in other countries. In addition, we find that firm characteristics such as size, age, foreign ownership, and the mix of labor and capital used during the production process have positive effects on firm efficiency. These results have implications for Ghanas import-substitution industrialization and foreign investment policies.
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Bibliographic InfoArticle provided by De Gruyter in its journal Global Economy Journal.
Volume (Year): 10 (2010)
Issue (Month): 3 (October)
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Web page: http://www.degruyter.com
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- Santosh Kumar, Sahu & K., Narayanan, 2011. "Energy Intensity and Firm Performance: Do Energy Clusters Matter?," MPRA Paper 43457, University Library of Munich, Germany.
- K., Narayanan & Sahu, Santosh Kumar, 2012. "CO2 Emission and Firm Heterogeneity: A Study of Metals & Metal based Industries in India," MPRA Paper 38061, University Library of Munich, Germany.
- Acquaah, Moses, 2013. "Management control systems, business strategy and performance: A comparative analysis of family and non-family businesses in a transition economy in sub-Saharan Africa," Journal of Family Business Strategy, Elsevier, vol. 4(2), pages 131-146.
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