IDEAS home Printed from https://ideas.repec.org/p/zbw/gdec08/46.html

Export Performance and Investment Behaviour of Firms in Ghana

Author

Listed:
  • Sarpong, Daniel Bruce
  • Wolf, Susanna

Abstract

From the theoretical literature a strong relationship between export performance and investment behaviour at the firm level is expected. A 2003 survey of 100 Ghanaian enterprises is used to analyse the factors that influence the investment and exporting behaviour of firms using a simultaneous equation model to allow for the endogeneity of investment and exporting. In addition, the different factors that influence the investment and export decisions in different sectors are investigated. However, no significant positive relationship between exporting and investment could be found. There seems rather to be a negative association, which might be explained by constraints in the access to capital. On the other hand there are several factors that work in the same direction, for example, younger firms, larger firms and more efficient firms are more likely to invest and more likely to export.

Suggested Citation

  • Sarpong, Daniel Bruce & Wolf, Susanna, 2008. "Export Performance and Investment Behaviour of Firms in Ghana," Proceedings of the German Development Economics Conference, Zurich 2008 46, Verein für Socialpolitik, Research Committee Development Economics.
    • Handle: RePEc:zbw:gdec08:46
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/39904/1/AEL_2008_46_wolf.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. World Bank & International Finance Corporation, 2006. "Doing Business in 2006 : Creating Jobs," World Bank Publications - Books, The World Bank Group, number 7421, April.
    2. Richard Kneller & Mauro Pisu, 2004. "Export-oriented FDI in the UK," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 20(3), pages 424-439, Autumn.
    3. David Greenaway & Richard Kneller, 2007. "Firm heterogeneity, exporting and foreign direct investment," Economic Journal, Royal Economic Society, vol. 117(517), pages 134-161, February.
    4. Måns S–derbom & Francis Teal, 2003. "Are Manufacturing Exports the Key to Economic Success in Africa?," Journal of African Economies, Centre for the Study of African Economies, vol. 12(1), pages 1-29, March.
    5. Roberts, Mark J & Tybout, James R, 1997. "The Decision to Export in Colombia: An Empirical Model of Entry with Sunk Costs," American Economic Review, American Economic Association, vol. 87(4), pages 545-564, September.
    6. Sofronis K. Clerides & Saul Lach & James R. Tybout, 1998. "Is Learning by Exporting Important? Micro-Dynamic Evidence from Colombia, Mexico, and Morocco," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(3), pages 903-947.
    7. Andrew B. Bernard & J. Bradford Jensen, 2004. "Why Some Firms Export," The Review of Economics and Statistics, MIT Press, vol. 86(2), pages 561-569, May.
    8. Wolf, Susanna, 2003. "Private Sector Development And Competitiveness In Ghana," Discussion Papers 18728, University of Bonn, Center for Development Research (ZEF).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Matthew A. Cole & Robert J. R. Elliott & Supreeya Virakul, 2010. "Firm Heterogeneity, Origin of Ownership and Export Participation," The World Economy, Wiley Blackwell, vol. 33(2), pages 264-291, February.
    2. Richard Harris & John Moffat, 2011. "R&D, Innovation and Exporting," SERC Discussion Papers 0073, Centre for Economic Performance, LSE.
    3. Mohamed Chaffai & Patrick Plane, 2017. "Firm Productivity, Technology and Export Status, What Can We Learn from Egyptian Industries?," Working Papers 1134, Economic Research Forum, revised 09 Jun 2017.
    4. Engelmann, Sabine, 2011. "Trade liberalisation, technical change and skill-specific unemployment," IAB-Discussion Paper 201119, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    5. Duy Phan Khanh Nguyen & Thong Le Pham, 2025. "The simultaneous relationship between labor productivity and exports: The case of small and medium-sized enterprises in Vietnam," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 15(3), pages 44-62.
    6. Gopinath, Munisamy & Sheldon, Ian M. & Echeverria, Rodrigo, 2007. "Firm Heterogeneity and International Trade: Implications for Agricultural and Food Industries," Trade Issues Papers 9349, International Agricultural Trade Research Consortium.
    7. Dahai Fu & Yanrui Wu, 2013. "Export Survival Pattern and Determinants of Chinese Manufacturing Firms," Economics Discussion / Working Papers 13-18, The University of Western Australia, Department of Economics.
    8. Aida Caldera, 2010. "Innovation and exporting: evidence from Spanish manufacturing firms," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 146(4), pages 657-689, December.
    9. Greenaway, David & Guariglia, Alessandra & Kneller, Richard, 2007. "Financial factors and exporting decisions," Journal of International Economics, Elsevier, vol. 73(2), pages 377-395, November.
    10. Hess, Wolfgang & Persson, Maria, 2009. "Survival and Death in International Trade - Discrete-Time Durations of EU Imports," Working Papers 2009:12, Lund University, Department of Economics.
    11. Črt Kostevc & Katja Zajc Kejžar, 2020. "Firm‐level export duration: The importance of market‐specific ownership linkages," The World Economy, Wiley Blackwell, vol. 43(5), pages 1277-1308, May.
    12. Neil Rankin & Måns Söderbom & Francis Teal, 2006. "Exporting from Manufacturing Firms in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 15(4), pages 671-687, December.
    13. BOERMANS, Martijn Adriaan, 2013. "LEARNING-BY-EXPORTING AND DESTINATION EFFECTS: EVIDENCE FROM AFRICAN SMEs," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(2), pages 149-168.
    14. Richard Kneller & Mauro Pisu & Zhihong Yu, 2008. "Overseas business costs and firm export performance," Canadian Journal of Economics, Canadian Economics Association, vol. 41(2), pages 639-669, May.
    15. Anne Marie Gleeson & Frances Ruane, 2007. "Heterogeneous Exporter Behaviour: Exploring the Evidence for Sunk-Costs and Hysteresis," Papers WP196, Economic and Social Research Institute (ESRI).
    16. Dalgıç, Başak & Fazlıoğlu, Burcu & Gasiorek, Michael, 2015. "Engagement in Asymmetric Markets: Causes and Consequences," MPRA Paper 63854, University Library of Munich, Germany.
    17. Gullstrand, Joakim, 2011. "Firm and destination-specific export costs: The case of the Swedish food sector," Food Policy, Elsevier, vol. 36(2), pages 204-213, April.
    18. Vito Amendolagine & Rosa Capolupo & Nadia Petragallo, 2010. "Export Status and Performance in a Panel of Italian Manufacturing Firms," SERIES 0027, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Jan 2010.
    19. Regis, Paulo José, 2018. "The extensive and intensive margins of exports of firms in developing and emerging countries," International Review of Economics & Finance, Elsevier, vol. 56(C), pages 39-49.
    20. Bresnahan, Lauren & Coxhead, Ian & Foltz, Jeremy & Mogues, Tewodaj, 2016. "Does Freer Trade Really Lead to Productivity Growth? Evidence from Africa," World Development, Elsevier, vol. 86(C), pages 18-29.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:gdec08:46. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/vfselea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.