The Neoclassical Employment Model Applied to Ghanaian Manufacturing.
The neoclassical framework is applied to analyze employment generating policies for Ghanaian industry. Elasticities of substitution clustering around 1.0 were found for five industries. However, as guides to employment policy, such econometric measurements of the CES function measure the wrong conce...
| Publicado en: | Journal of Development Studies Vol. 11; no. 2; pp. 75 - 93 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Jan75
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=14270516&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 14270516 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220388 JDS jtl: Journal of Development Studies issn: 00220388 maglogo: N pubinfo: dt: Jan75 vid: 11 iid: 2 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 14270516 10.1080/00220387508421526 ppf: 75 ppct: 18 formats: fmt: @attributes: type: P size: 576KB tig: atl: The Neoclassical Employment Model Applied to Ghanaian Manufacturing. aug: au: Roemer, Michael affil: Institute for International Development Harvard University. su: Industries Manufactured products Employment Economic models Employment policy Econometrics Ghana sug: subj: Ghana Industries Manufactured products Employment Economic models Employment policy Econometrics ab: The neoclassical framework is applied to analyze employment generating policies for Ghanaian industry. Elasticities of substitution clustering around 1.0 were found for five industries. However, as guides to employment policy, such econometric measurements of the CES function measure the wrong concept of elasticity, may contain serious upward biases, and miss some important features of LDC industry. Although these shortcomings suggest less scope for intra-industry labour-capital substitution, changes in output mix promise sufficient additional substitutability to justify neo classical policy prescriptions. Ghana's recent experience indicates the feasibility of reducing the wage-rental ratio significantly. If part of the change is borne by lower real wages, then under Ghanaian conditions a 25 per cent fall in the wage-rental ratio could, over 5 years, create 30 per cent more jobs in manufacturing than if no change occurs. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Journal of Development Studies is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Journal of Development Studies holder: Taylor & Francis Ltd dt: @attributes: year: 1975 holdings: @attributes: islocal: N |
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