Determinants of choice of economic sector in the non-farm economy in Ghana

Type Journal Article - African Journal of Economic and Sustainable Development
Title Determinants of choice of economic sector in the non-farm economy in Ghana
Author(s)
Volume 5
Issue 1
Publication (Day/Month/Year) 2016
Page numbers 31-54
URL http://www.inderscienceonline.com/doi/abs/10.1504/AJESD.2016.074442
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.

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