Determinants of choice of economic sector in the non-farm economy in Ghana. (2016)

• Record Type: Journal Article
• Authors: Owoo, Nkechi S.
• Is Part Of: African journal of economic and sustainable development. Volume 5:Number 1(2016)
• Page Start: 31
• Page End: 54
• Publication Date: 2016
• Subjects: non-farm economy -- household enterprises -- gender -- Ghana -- Africa -- economic sector choice -- manufacturing industry -- wholesale-retail industry -- retailing -- services -- service industry; Sustainable development -- Africa -- Periodicals; 333.709605
• Languages: English
• ISSNs: 2046-4770

Abstract

This paper examines the economic sector choice of individuals in the non-farm economy, using the 2012 Ghana Living Standards Survey (GLSS). The multinomial logit regression results indicate that factors that influence individuals' decisions to participate in the non-farm economy differ for the different sectors - manufacturing, wholesale/retail and services. This research emphasises the heterogeneous nature of choice and entry into various sectors of the non-farm economy in Ghana. From a policy perspective, the findings may signal the various policy measures that policy-makers may adopt in order to increase participation into a targeted sector, and promote long-term growth and development of the country.