Chandra, Vandana and Osorio Rodarte, Israel (2007): Options for Export Diversification and Faster Export Growth in Ghana. Published in: Ghana: Meeting the Challengrated and Shared Growthe of Accele , Vol. 2, No. 40934 (2007): pp. 192-215.
Download (459kB) | Preview
This paper discusses how Ghana’s path to a middle income status does not have to be paved with only manufactured products. There are multiple paths and processed natural resources-based products are not necessarily a curse, and if Ghana wants and it builds the requisite capacity, it can turn them into an opportunity. This chapter suggests that one policy challenge for Ghana is to facilitate a comprehensive package of sector specific polices dedicated to fostering the technological capabilities and other nontradable public inputs necessary to potentially scale up 6 identified sectors. We also find that 3 of the 4 Presidential Special Initiative products––starch, salt, palm oil are efficient choices but the efficiency of textiles is unclear. Our analysis also indicates that when income enhancement is the objective, there is no blueprint for a diversification strategy.
|Item Type:||MPRA Paper|
|Original Title:||Options for Export Diversification and Faster Export Growth in Ghana|
|Keywords:||Ghana; economic growth; export diversification; structural transformation|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O55 - Africa
O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy > O25 - Industrial Policy
O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O38 - Government Policy
O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O12 - Microeconomic Analyses of Economic Development
|Depositing User:||Israel Osorio Rodarte|
|Date Deposited:||11. Nov 2009 00:09|
|Last Modified:||13. Feb 2013 19:20|
Aryeetey, E. (2003) “Explaining Economic Growth in Ghana,” presented at the GoG workshop on “How Can Ghana Achieve Growth and Prosperity?” paper from the Workshop organized by the GoG with support from DFID.
Aryeetey, E., A. Fosu, and M. Bawumia (2001). “Explaining African Economic Performance: The Case of Ghana,” prepared for the African Economic Research Consortium.
Barro, Robert J. and Jong-Wha Lee (2001. “International Data on Educational Attainment: Updates and Implications.” Oxford Economic Papers 2001; 53: 541-563.
Bogetić, Z., M. Bussolo, X.Ye, D. Medvedev, Q. Wodon and D. Boakye (2007). “Ghana’s Growth Story- How to accelerate growth and achieve MDGs?” Volume 1 of the Ghana Country Economic Memorandum, The World Bank, Washington D.C.
Bonaglia, F. and K. Fukasaku (2003). “Export diversification in low-income countries: an international challenge after Doha.” OECD Technical Paper, No. 209.
Chandra, V. (2006). Technology, Adaptation and Exports – how some developing countries did it,The World Bank.
Collier, P. (1998). Globalization: implications for Africa, in Iqbal,Z. and Khan, M. (eds), Trade Reform and Regional Integration in Africa, IMF, Washington, D.C.
Collier, O. (1998) Comments, Brookings Papers on Economic Activity, no. 2, 274-81.
Collier, P. (2002). Primary Commodity Dependence and Africa’s Future, The World Bank. Collier, P. and J. Gunning (1999). “Explaining African Economic Performance,” Journal of Economic Literature, vol. XXXVII, pp. 62-111.
Collier, P. (2006) based on his 2006 annual public lecture of the Royal Economic Society, and his forthcoming book, The Bottom Billion, The Financial Times Limited 2006.
The GOPDC website www.gopdc-ltd.com.
Eifert, B., A. Gelb and V. Ramachandran (2005). Business Environment and Comparative Advantage in Africa: Evidence from the Investment Climate Data,” mimeo).
The Economist, EIU, April 2007, Print edition, Country Report 2005.
Elbadawi, I. and L. Kaltani (2007). “Scaling-up Aid for Ghana: Maintaining Competitiveness, Avoiding the Dutch Disease, and Accelerating Growth,” Draft for Ghana CEM, 2007.
Fafchamps, M. (2003), “Future Prospects for Growth in Africa,” paper from the Workshop organized by the GoG with support from DFID.
FAO, “The Global Cassava Development Strategy and Implementation Plan” FAO, Agricultural Department.
FAO, “Small Scale Palm Oil Processing in Africa”, FAO Agricultural Service Bulletin 148. FAOSTAT.
Ghana EIU Country Report, November 2005. GIPC “Ghana Investment Profile: Food Production and Processing”, www.gipc.org.
Ghana: 2005 Article IV Consultation, Third Review Growth Facility, and Request for Waiver of Nonobservance and Extension of the Arrangement—Staff Report; Growth with Stability–2007 Budget Speech (Thursday, 16th November, 2006), Kwadwo Baah-Wiredu, M.P. Minister of Finance and Economic Planning.
Ghana: -“Ghana International Competitiveness: Opportunities and Challenges facing the Non-Traditional Exports”, The World Bank, Africa Region Report No. 22421-GH, June 21,2001.
Ghana Investment Promotional Council “Ghana Investment Profile: Furniture and Wood Processing”, The GOPDC website www.gopdc-ltd.com.
Government of Ghana (2003). “How Can Ghana Achieve Growth and Prosperity?” papers from the Workshop organized by the GoG with support from DFID. Hon.Y. Osafo-Maafo, Minister of Finance and Economic Planning, Ghana , Growth Report, (May 14, 2003).
Habiyaremye, A. and T. Ziesemer (2006). “Absorptive Capacity and export diversification in SSA countries,” UNU––UNU MERIT, Working Paper Series, No. 2006-030.
Hesse, H. (2006) “Export Diversification and Economic Growth,” mimeo.
Hausmann, R., J. Hwang and D. Rodrik (2005). „What you export matters,“ CID Working Paper no. 123.
Hausmann, R. and B. Klinger (2006). ”Structural Transformation and Patterns of Comparative Advantage in the Product Space,” CID Working Paper No.128, August 2006.
Imbs, J. and Wacziarg, R. (2003). “Stages of diversification.” The American Economic Review. 93(1): 63-86.
IMF Ghana Statistical Appendix, 2005.
International Trade Center Program for building African Capacity for Trade (PACT) “PACT Ghana: Export Development of Horticultural Products” www.intracen.org.
Lall, S. (2000). “The technological structure and performance of developing country manufactured exports, 1985-1998.” Oxford Development Studies. 28(3): 337-369.
Lederman, D. and W. F. Maloney (2007) ‘Trade Structure and Growth,’ in Natural Resources:Neither Curse Nor Destiny (eds.) D. Lederman and T.N. Srinavasan, Stanford University Press, Palo Alto.
Logan, C., T. Fujiwara, and V. Parish (2006), “Citizens and the State in Africa: New Results from Afrobarometer Round 3,” Afrobarometer Working Paper No. 61.
“Market for Mangoes in the UK” GEPC Market Briefs, www.gepcghana.com.
Morgane Danielou and Christophe Ravry “The Rise of Ghana’s Pineapple Industry: From Successful Take-off to Sustainable Expansion” The World Bank Africa Region Working Paper No. 93, November 2005.
Nweke, F. “New Challenges in the Cassava Transformation in Nigeria and Ghana”, International Food Policy Research Institute, EPTD Discussion Paper No. 118,June 2004.
Osey Boeh-Ocansey “Exporting Business and Professional Services: Exporting Solutions Ghana Experience”, International Trade Center, Executive Forum on National Export Strategies, October 5-8, Montreux, Switzerland.
Rodrik, D. (2006). “What’s So Special About China’s Exports,” NBER Working Paper Series, No. 11947.
Sarpong, D.B. and Susanna Wolf “Export Performance and Investment Behaviour of Firms in Ghana”, Draft paper presented for the ISSER/Cornell University Conference on Ghana’s Economy at Half-Century, June 2004.
Seini, A,W., V. K. Nyanteng and A. Asantewah Ahene “Policy Dynamics, Trends in Domestic Fish Production and Implications for Food Security in Ghana”, Draft paper presented for the ISSER/Cornell University Conference on Ghana’s Economy at Half-Century, June 2004.
Stanton, D. (2003) “The Global Expwerieicen of Private Sector Development,” paper presented at the Workshop organized by the GoG with support from DFID.
Teal, Francis, James Habyarimana, Papa Thiam, and Ginger Turner (2006). “Ghana: An Analysis of Firm Productivity,” Regional Program for Enterprise Development (RPED), Africa Private Sector Group (AFTPS) (June), The World Bank, Washington D.C.
Teal, F. (2002) “Export Growth And Trade Policy in Ghana in the Twentieth Century.” The World Economy 25 (9): 1319–37.
Wood, A. (2003). “The Global Experience of Growth.” Paper from the Workshop Organized by the GoG with Support from DFID.
Wood, A., and J. Mayer (2001). “Africa’s Export Structure in a Comparative Perspective,” Cambridge Journal of Economics 25: 369–94.
The World Bank. (2001). Ghana: “International Competitiveness Opportunities and Challenges Facing Non-Traditional Exports.” The World Bank Report No. 22421-GH. June 21.
The World Bank. Annual. World Development Indicators Database.
The World Bank. 2006. Doing Business.
The World Bank. 2004. World Development Indicators.
WSP/EUWI/UNDP. 2006. “Getting Africa on Track to Meet the MDGs on Water and Sanitation.” October.