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Does "getting prices right" work? Micro evidence from Ghana

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  • Francis Teal

Abstract

The question posed in this paper is whether structural adjustment programs have had the consequences policy intended and theory predicts. It uses evidence from a micro survey of manufacturing firms in Ghana to assess whether policy has effected an expansion of the exportable sector within manufacturing, the growth of small firms and an increase in exports and investment. It is argued that, where policy has been implemented, it has succeeded. The failure of exports and investment to grow rapidly are due to the very partial implementation of the policies of price reform.

Suggested Citation

  • Francis Teal, 1995. "Does "getting prices right" work? Micro evidence from Ghana," CSAE Working Paper Series 1995-19, Centre for the Study of African Economies, University of Oxford.
    • Handle: RePEc:csa:wpaper:1995-19
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    File URL: https://ora.ox.ac.uk/objects/uuid:5a495153-62f8-4664-b03a-dd0d351f3586
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    Cited by:

    1. AfDB AfDB, 2002. "Working Paper 40 - Industrial Restructuring in Africa During the1990s: Outcomes and Prospects," Working Paper Series 2177, African Development Bank.
    2. AfDB AfDB, 2002. "Working Paper 40 - Industrial Restructuring in Africa During the1990s: Outcomes and Prospects," Working Paper Series 2257, African Development Bank.

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