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Human Capital and Efficiency: The Role of Education and Experience in Micro-Enterprises of Ghana¡¯s Wood-Products Industry

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Author Info

  • Omer Gokcekus

    ()
    (School of Business, North Carolina Central University)

  • Kwabena Anyane-Ntow

    (School of Business, North Carolina Central University)

  • T.R. Richmond

    (School of Business, North Carolina Central University)

Abstract

Increasing efficiency and creating new employment via micro-enterprises emerges as a viable solution to four problems in developing countries - unemployment, migration from rural to urban areas, inefficient use of resources and lack of international trade capabilities. 242 micro- enterprises from Ghana¡¯s wood-product industry are used in the analysis. Schooling and on- the-job training explain efficiency dispersions among micro-enterprises. Accordingly, a proper training program can complement human capital creation by schooling and on-the-job-training to improve efficiency. Such program can also increase the awareness about international markets to create new employment opportunities.

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Bibliographic Info

Article provided by Chung-Ang Unviersity, Department of Economics in its journal Journal Of Economic Development.

Volume (Year): 26 (2001)
Issue (Month): 1 (June)
Pages: 103-113

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Handle: RePEc:jed:journl:v:26:y:2001:i:1:p:103-113

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  1. Meeusen, Wim & van den Broeck, Julien, 1977. "Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 435-44, June.
  2. Page, John M, Jr, 1980. "Technical Efficiency and Economic Performance: Some Evidence from Ghana," Oxford Economic Papers, Oxford University Press, vol. 32(2), pages 319-39, July.
  3. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
  4. RAUF A AzHAR, 1988. "Education and Technical Efficie," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 27(4), pages 687-697.
  5. Fane, George, 1975. "Education and the Managerial Efficiency of Farmers," The Review of Economics and Statistics, MIT Press, vol. 57(4), pages 452-61, November.
  6. Dani Rodrik, 1992. "The Limits of Trade Policy Reform in Developing Countries," Journal of Economic Perspectives, American Economic Association, vol. 6(1), pages 87-105, Winter.
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Cited by:
  1. Justin van der Sluis & Mirjam van Praag & Wim Vijverberg, 2003. "Entrepreneurship Selection and Performance," Tinbergen Institute Discussion Papers 03-046/3, Tinbergen Institute, revised 24 Sep 2004.
  2. Justin van der Sluis & Mirjam van Praag & Wim Vijverberg, 2003. "Entrepreneurship Selection and Performance," Tinbergen Institute Discussion Papers 03-046/3, Tinbergen Institute, revised 24 Sep 2004.

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