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| Description
| - Cocoa is important to the economy of the producing countries in West Africa. This paper investigates some determinants of cocoa export from Ghana in the era of free trade. Using Johansen cointegration and ordinary least squares regression (OLS) approaches, the cointegration result shows there exists a long-run equilibrium relationship between cocoa exports and quantity of cocoa output, domestic consumption, trade openness and the world price. More so, the OLS results also provide ample evidence that cocoa output, aggregate world cocoa export and trade openness have a robust positive effect on cocoa export from Ghana. The findings indicate a weak relationship between the world price and export. However, the results show an inverse relationship between domestic cocoa consumption and cocoa export in the country. The study concludes that these variables are the principal drivers of cocoa export from Ghana. More so, the findings thus suggest that Ghana has a comparative advantage in exporting cocoa products. The government of Ghana and partners should create an enabling environment and investment climate to stimulate cocoa producers and traders to ensure sustainable cocoa production and export by increasing farm gate prices, subsidizing farm inputs and providing affordable loans.
- Cocoa is important to the economy of the producing countries in West Africa. This paper investigates some determinants of cocoa export from Ghana in the era of free trade. Using Johansen cointegration and ordinary least squares regression (OLS) approaches, the cointegration result shows there exists a long-run equilibrium relationship between cocoa exports and quantity of cocoa output, domestic consumption, trade openness and the world price. More so, the OLS results also provide ample evidence that cocoa output, aggregate world cocoa export and trade openness have a robust positive effect on cocoa export from Ghana. The findings indicate a weak relationship between the world price and export. However, the results show an inverse relationship between domestic cocoa consumption and cocoa export in the country. The study concludes that these variables are the principal drivers of cocoa export from Ghana. More so, the findings thus suggest that Ghana has a comparative advantage in exporting cocoa products. The government of Ghana and partners should create an enabling environment and investment climate to stimulate cocoa producers and traders to ensure sustainable cocoa production and export by increasing farm gate prices, subsidizing farm inputs and providing affordable loans. (en)
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| Title
| - Drivers of Cocoa Export in Ghana in the Era of Free Trade
- Drivers of Cocoa Export in Ghana in the Era of Free Trade (en)
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| skos:prefLabel
| - Drivers of Cocoa Export in Ghana in the Era of Free Trade
- Drivers of Cocoa Export in Ghana in the Era of Free Trade (en)
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| skos:notation
| - RIV/62156489:43310/14:00228085!RIV15-MSM-43310___
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| http://linked.open...avai/riv/aktivita
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| http://linked.open...avai/riv/aktivity
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| http://linked.open...iv/cisloPeriodika
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| http://linked.open...vai/riv/dodaniDat
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| http://linked.open...aciTvurceVysledku
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| http://linked.open.../riv/druhVysledku
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| http://linked.open...iv/duvernostUdaju
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| http://linked.open...titaPredkladatele
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| http://linked.open...dnocenehoVysledku
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| http://linked.open...ai/riv/idVysledku
| - RIV/62156489:43310/14:00228085
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| http://linked.open...riv/jazykVysledku
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| http://linked.open.../riv/klicovaSlova
| - world price; cointegration; Cocoa export; liberalization (en)
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| http://linked.open.../riv/klicoveSlovo
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| http://linked.open...odStatuVydavatele
| - AE - Stát Spojené arabské emiráty
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| http://linked.open...ontrolniKodProRIV
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| http://linked.open...i/riv/nazevZdroje
| - World Applied Sciences Journal
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| http://linked.open...in/vavai/riv/obor
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| http://linked.open...ichTvurcuVysledku
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| http://linked.open...cetTvurcuVysledku
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| http://linked.open...UplatneniVysledku
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| http://linked.open...v/svazekPeriodika
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| http://linked.open...iv/tvurceVysledku
| - Bečvářová, Věra
- Verter, Nahanga
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| issn
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| number of pages
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| http://localhost/t...ganizacniJednotka
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