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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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Listed:
  • 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.

Suggested Citation

  • Omer Gokcekus & Kwabena Anyane-Ntow & T.R. Richmond, 2001. "Human Capital and Efficiency: The Role of Education and Experience in Micro-Enterprises of Ghana¡¯s Wood-Products Industry," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 26(1), pages 103-113, June.
    • Handle: RePEc:jed:journl:v:26:y:2001:i:1:p:103-113
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    References listed on IDEAS

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    1. Justice G. Djokoto & Korbla F. Gidiglo, 2016. "Technical Efficiency in Agribusiness: A Meta‐Analysis on Ghana," Agribusiness, John Wiley & Sons, Ltd., vol. 32(3), pages 397-415, July.
    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.
    3. William Baah-Boateng & Eric Twum, 2019. "Economic Complexity and Employment for Women and Youth: The Case of Ghana," Working Papers idrcdprughana, University of Cape Town, Development Policy Research Unit.
    4. Justice G. Djokoto & Ferguson K. Gidiglo & Francis Y. Srofenyoh & Kofi Aaron A-O. Agyei-Henaku & Akua A. Afrane Arthur & Charlotte Badu-Prah & John Fry, 2020. "Sectoral and spatio-temporal differentiation in technical efficiency: A meta-regression," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1773659-177, January.

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