Structural Transformation and Labor Market Performance in Ghana

Mpumelelo Nxumalo and Dhushyanth Raju

No 32695194, Jobs Group Papers, Notes, and Guides from The World Bank

Abstract: The brief summarizes findings from the research study ""Structural Transformation and Labor Market Performance in Ghana."" Structural transformation refers to the reallocation of economic activity between agriculture, industry and services, which occurs with modern economic growth and development. Such structural transformation can spur economic growth and development if it increases overall productivity growth, as occurred with the onset of the Industrial Revolution, or as part of the ""East Asian Miracle."" A labor market environment that enables workers and enterprises to transition smoothly across sectors, and into more productive economic pursuits can enhance the effect of structural transformation on economic growth. The study describes the main features of Ghana’s structural transformation, its labor market, and the interrelationship between the two based on a range of data sources. These sources include published aggregate statistics, and household and enterprise surveys. Based on an analysis of these data and a synthesis of findings from available research, the study discusses policy considerations and options for Ghana to stimulate a form of structural transformation which could generate more gainful, productive and inclusive employment.

Keywords: youth; cost of production due; labor force participation rate; information and communication technology; complete secondary education; lower level of education; Micro and Small Enterprises; quality of education service; labor market indicator; labor productivity; total factor productivity; Agriculture; adult equivalent consumption; labor market performance; source capital; unemployment rate; urban poor; public-private partnership; investment and development; loss in revenue; loss of employment; decline in remittance; agriculture and service; loss of income; share of employment; youth unemployment rate; low labor productivity; wage employment growth; aggregate productivity growth; average monthly earnings; average monthly wage; growth and development; labor market participation; social protection system; east asian miracle; participation of woman; movement of worker; modern economic growth; depth of poverty; global value chain; civil society participation; education attainment (search for similar items in EconPapers)
Pages: 16
Date: 2020-12-01
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Citations: View citations in EconPapers (2)

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Working Paper: Structural Transformation and Labor Market Performance in Ghana
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