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COMPARATIVE ANALYSIS OF PRODUCTION EFFICIENCY IN WEST AFRICA

Year 2021, Volume 5, Issue 1, 99 - 116, 25.03.2021

Abstract

The status of West Africa as one of the least developed regions in the world eases the multiplication of studies on development in the area. However, despite their high number, these studies are more about macroeconomics policies and show little interest in the quality of the production process itself. This paper makes a comparative analysis of West African countries’ efficiency with a focus on four neighbouring countries. These are Benin, Ghana, Ivory Coast and Togo. The study is motivated by the need for going beyond the widely used growth accounting models and performing a comparative analysis between countries using another approach: The Stochastic Frontier Analysis. We find that technical efficiency is relatively high in the zone and varies from a country to another and over time. Ivory Coast turned out to be among the most efficient countries in the production process in the region. Incorporating human capital to the labour factor has different effects on efficiency according to the countries considered. Besides, the comparative analysis sheds light on the differences between the selected countries in both returns to scales and factors’ contribution to output.

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Details

Primary Language English
Subjects Economics
Journal Section Makaleler
Authors

Alexandrov N. S. SEMANOU This is me
MARMARA UNIVERSITY
0000-0001-9211-3448
Türkiye


Kamil USLU This is me
DOGUS UNIVERSITY
0000-0002-4518-3133
Türkiye

Publication Date March 25, 2021
Published in Issue Year 2021, Volume 5, Issue 1

Cite

APA Semanou, A. N. S. & Uslu, K. (2021). COMPARATIVE ANALYSIS OF PRODUCTION EFFICIENCY IN WEST AFRICA . Journal of Research in Economics , 5 (1) , 99-116 . Retrieved from https://dergipark.org.tr/en/pub/jore/issue/60880/902842

Please submit your manuscript to jore@marmara.edu.tr