Dublin Core
Title
Wage price floors and sectoral employment outcomes in Ghana
Creator
Richard Kofi Asravor, Frank Gyimah Sackey
Description
This paper investigates the effect of daily minimum wage regulation and other covariates variables on sectoral employment generation in Ghana. The Cobb–Douglas and constant elasticity of substitution production functions were employed as the theoretical foundation for this study. Secondary Data sourced from World Development Indicators (2018) from 1991 to 2018 was used while the autoregressive distributed lag was used as the estimation. The finding confirms the insider outsider and the Phillips curve argument and also shows that sectoral employment in Ghana is supported by economic growth and foreign direct investment. Daily minimum wage negatively affects the sectoral employment, with the agricultural employment being the worst affected. Interest rate decreases total employment, whereas population growth decreases employment in the agricultural sector. The study recommends that the …
Publisher
Springer India
Date
2022
Source
https://scholar.google.com/citations?view_op=view_citation&hl=en&user=dzxWX-AAAAAJ&citation_for_view=dzxWX-AAAAAJ:hC7cP41nSMkC
Language
English