Date Thesis Awarded
5-2021
Access Type
Honors Thesis -- Access Restricted On-Campus Only
Degree Name
Bachelors of Arts (BA)
Department
Economics
Advisor
Admasu Shiferaw
Committee Members
Berhanu Abegaz
Philip Roessler
Abstract
This paper investigates the effect of Ghana’s 2007 oil discovery and subsequent export in 2010 on the performance of the manufacturing sector. The analysis is conducted at the sector, industry and firm levels. This paper finds no clear evidence that oil exports undermined the performance of the manufacturing sector as predicted by the resource-curse hypothesis. Rather, it finds that certain industries responded positively to oil production better than others. Moreover, the production and export of oil seems to have minimized the foreign exchange constraints of the manufacturing sector at the industry level, allowing manufacturing firms to import intermediate goods for production. Finally, this paper provides some policy implications that will encourage industrialization in the presence of oil production.
Recommended Citation
Appiah, Jutta, "Oil Production and Performance of Ghana’s Manufacturing" (2021). Undergraduate Honors Theses. William & Mary. Paper 1712.
https://scholarworks.wm.edu/honorstheses/1712
