Options for Export Diversification and Faster Export Growth in Ghana
AbstractThis paper discusses how Ghana’s path to a middle income status does not have to be paved with only manufactured products. There are multiple paths and processed natural resources-based products are not necessarily a curse, and if Ghana wants and it builds the requisite capacity, it can turn them into an opportunity. This chapter suggests that one policy challenge for Ghana is to facilitate a comprehensive package of sector specific polices dedicated to fostering the technological capabilities and other nontradable public inputs necessary to potentially scale up 6 identified sectors. We also find that 3 of the 4 Presidential Special Initiative products––starch, salt, palm oil are efficient choices but the efficiency of textiles is unclear. Our analysis also indicates that when income enhancement is the objective, there is no blueprint for a diversification strategy.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18539.
Date of creation: 2007
Date of revision:
Publication status: Published in Ghana: Meeting the Challengrated and Shared Growthe of Accele 40934.2(2007): pp. 192-215
Ghana; economic growth; export diversification; structural transformation;
Find related papers by JEL classification:
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
- O25 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
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