Innovation and productivity in formal and informal firms in Ghana

Fu, X., Mohnen, P. and Zanello, G. ORCID: https://orcid.org/0000-0002-0477-1385 (2018) Innovation and productivity in formal and informal firms in Ghana. Technological Forecasting & Social Change, 131. pp. 315-325. ISSN 0040-1625 doi: 10.1016/j.techfore.2017.08.009

Abstract/Summary

Despite the high profile of the issue in current policy formulations in low-income countries (LICs), there is little large firm level survey based empirical evidence on innovativeness and firm performance, especially in informal establishments. This paper aims to fill this gap in the literature using a revised Crépon-Duguet-Mairesse (CDM) structural model to analyse data from a unique innovation survey of 501 manufacturing firms in Ghana. We find that innovation positively impacts the labour productivity of firms, technological innovations more than managerial innovations. Formal firms do not tend to be more productive than informal firms, but the role of innovation on productivity tends to be greater for formal firms.

Item Type	Article
URI	https://reading-clone.eprints-hosting.org/id/eprint/72033
Identification Number/DOI	10.1016/j.techfore.2017.08.009
Refereed	Yes
Divisions	Life Sciences > School of Agriculture, Policy and Development > Department of Agri-Food Economics & Marketing
Publisher	Elsevier
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