Rates of Return on Physical and Human Capital in Africa's Manufacturing Sector

By Arne Bigsten, Anders Isaksson, Måns Söderbom, P. Collier, Albert G. Zeufack, Stefan Dercon, Marcel Fafchamps, J. Gunning, Francis Teal, Simon Appleton and 4 more. Economic development and cultural change, 2000

134 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/5fc8eddafdbc254fb574c3bbe990003868233270

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Citations in the corpus

The Determinants of Credit Access and Its Impacts on Micro and Small Enterprises: The Case of Garment Producers in Kenya (2006, background): “According to Bigsten et al. (2000, 83), high returns to physical capital in the manufacturing sector in Africa, averaging 23%, are associated with a scarcity of capital.”
Skills, Investment and Exports from Manufacturing Firms in Africa (2000, background): “Comparative data shows that firms in all the countries we have compared have very similar amounts of human capital, Bigsten et al. [2000b]. So it is likely that in explaining differences across countries it is the unobservable components of skills which are likely to be most important.”
Vulnerability: A Micro Perspective (2006, methodology): “Using the values for the returns to education and age/job experience in the Zimbabwean manufacturing sector provided by Bigsten et al .”
Which Firms Die? A Look at Manufacturing Firm Exit in Ghana (2005, methodology): “They find that “Ghanaian firms are smaller, have less than a third of the capital per employee than do firms in other countries, and have a less educated work force” (Bigsten et al. 2000, 808).”
Growth Theory through the Lens of Development Economics (2004, unknown): “1 In the tradition of Bottomley (1963). 2 Here we make no attempt to answer the question of why the interest rates are so high.”
Microenterprise growth and the flypaper effect: Evidence from a randomized experiment in Ghana (2014, background): “Bigsten et al (2000) find much higher returns to physical capital than human capital in African small and medium scale manufacturing firms, Udry and Anagol (2006) find returns to be at least 60 percent per year among purchasers of used auto parts in Accra, and Schündeln (2006) finds strong evidence…”
Do Entry Costs Provide an Empirical Basis for Poverty Traps? Evidence from Mexican Microenterprises (2006, methodology): “Hill and Kalirajan (1993), Bigsten et al. (2000), and Hernández, Pagán, and Paxton (2005) are the studies closest to our own that we are aware of. Hill and Kalirajan (1993) estimate returns to capital in the Indonesian garment industry, using a sample of 2,250 firms taken from that country’s Census ”