TY  - RPRT
        AU  - Akay, Gokhan H.
AU  - Yuksel, Mutlu
        TI  - Capital-Skill Complementarity: Evidence from Manufacturing Industries in Ghana
        PY  - 2009/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4674
        UR  - https://www.iza.org/index.php/publications/dp4674
        AB  - Using U.S. manufacturing data, Griliches (1969) found evidence suggesting that capital equipment was more substitutable for unskilled than skilled labor. Griliches formulated this finding as the capital-skill complementarity hypothesis. The purpose of this study is to determine whether the capital-skill complementarity framework holds for Ghana manufacturing plants in industry and aggregate level. We use an unbalanced panel of plant-level data for manufacturing firms in Ghana during the 1991 and 1997 in four industries (food-bakery, textiles-garments, wood-furniture and metal-machinery). Our findings suggest that capital-skill complementarity holds in aggregate level and wood-furniture sector in Ghana. However, we reject the capital-skill complementarity hypothesis for food-bakery, textile-garment and metal-machinery sectors.
        KW  - elasticity of substitution
KW  - capital-skill complementarity
KW  - translog cost function
        ER  -