Three dimensions of the performance of firms in Ghana's anufacturing 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 non-homothetic 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 market distortions could be removed substantial gains thorough improvements in allocative efficiency would be possible.
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Paper provided by Centre for the Study of African Economies, University of Oxford in its series Working Papers Series with number
2001-14.
Length: 25 pages Date of creation: 2001 Date of revision: Handle: RePEc:fth:oxesaf:2001-14
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Find related papers by JEL classification: O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
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