Three dimensions of the performance of firms in Ghana’s manufacturing 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....

Three dimensions of the performance of firms in Ghana’s manufacturing sector are investigated in this paper: their technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices in not due to a non-homothetic technology. Observable...

It has been argued that Africa will not be able to export manufactures as it lacks the necessary skills. Without an ability to export there will only be an incentive to invest in the sector if domestic demand grows rapidly. Comparative data for four African countries - the Cameroon, Ghana, Kenya...

The labour productivity differentials between manufacturing firms in Ghana and South Korea exceed those implied by macro analysis.  Median value-added per employee is nearly 40 times higher in South Korea than Ghana.  The most important single factor in explaining this difference is the...

Interconnections among financial institutions create potential channels for contagionand amplification of shocks to the financial system. Contagion occurs when a shock tothe assets of a single firm causes other firms to default through the network of obligations.We say that contagion is weak if...

List prices are not completely credible as take it or leave it prices: buyers are able to seek reductions by bargaining with firms. We show that this realisation leads to the existence of a critical threshold number of competitors in an industry which depends on fundamentals. In industries with...