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The Engine of Growth: Exploring the Economic Linkages and Spillover Effects of Ghana's Manufacturing Sector

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  • Asuamah Yeboah, Samuel

Abstract

The manufacturing sector plays a crucial role in the economic development of Ghana. This review aims to analyse the existing studies that investigate the economic linkages and spillover effects of the manufacturing sector in Ghana. The review identifies a diverse range of research papers that explore various aspects of the manufacturing sector, including its contribution to economic growth, employment generation, technological innovation, foreign direct investment, and environmental sustainability. The studies employ different methodologies such as econometric modelling, panel data analysis, and qualitative case studies to examine the interactions and effects of the manufacturing sector on other sectors of the Ghanaian economy. The findings indicate that the manufacturing sector in Ghana has positive linkages and spill over effects, including forward and backward linkages with other sectors, the promotion of industrial clusters, and the potential for generating multiplier effects. The studies also highlight the challenges faced by the sector, such as limited access to credit, infrastructure deficiencies, and the need for technological upgrading. The review concludes by emphasizing the importance of policy interventions to promote the growth and competitiveness of the manufacturing sector in Ghana and maximize its positive economic impacts.

Suggested Citation

  • Asuamah Yeboah, Samuel, 2023. "The Engine of Growth: Exploring the Economic Linkages and Spillover Effects of Ghana's Manufacturing Sector," MPRA Paper 117662, University Library of Munich, Germany, revised 20 May 2023.
    • Handle: RePEc:pra:mprapa:117662
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    File URL: https://mpra.ub.uni-muenchen.de/117662/1/THE%20Impact%20of%20the%20Manufacturing%20Sector%20on%20the%20Ghanaian%20Economy%20FOR%20MPRA%20%20FINAL.pdf
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    References listed on IDEAS

    as
    1. Asiedu, Elizabeth & Lien, Donald, 2004. "Capital Controls and Foreign Direct Investment," World Development, Elsevier, vol. 32(3), pages 479-490, March.
    2. Adenutsi, Deodat E., 2010. "Financial development, bank savings mobilization and economic performance in Ghana: evidence from a multivariate structural VAR," MPRA Paper 29571, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Manufacturing sector; Ghana; economic linkages; spill over effects; economic growth; employment generation; technological innovation; foreign direct investment; environmental sustainability; industrial clusters; policy interventions.;
    All these keywords.

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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