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http://hdl.handle.net/10419/35923
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| Title: | | Capital-skill complementarity: evidence from manufacturing industries in Ghana  |
| Authors: | | Akay, Gokhan H. Yuksel, Mutlu |
| Issue Date: | | 2009 |
| Series/Report no.: | | IZA Discussion Papers 4674 |
| Abstract: | | Using U.S. manufacturing data, Griliches (1969) found evidence suggesting that capital equipment was more substitutable for unskilled than skilled labor. Griliches formulated this finding as the capital-skill complementarity hypothesis. The purpose of this study is to determine whether the capital-skill complementarity framework holds for Ghana manufacturing plants in industry and aggregate level. We use an unbalanced panel of plant-level data for manufacturing firms in Ghana during the 1991 and 1997 in four industries (food-bakery, textiles-garments, wood-furniture and metal-machinery). Our findings suggest that capital-skill complementarity holds in aggregate level and wood-furniture sector in Ghana. However, we reject the capital-skill complementarity hypothesis for food-bakery, textile-garment and metal-machinery sectors. |
| Subjects: | | Capital-skill complementarity elasticity of substitution translog cost function |
| JEL: | | J30 O55 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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