An Empirical Analysis of Cocoa Bean Production in Ghana

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F14%3A00218447" target="_blank" >RIV/62156489:43310/14:00218447 - isvavai.cz</a>
Result on the web
<a href="http://eujournal.org/index.php/esj/article/view/3528/3300" target="_blank" >http://eujournal.org/index.php/esj/article/view/3528/3300</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
An Empirical Analysis of Cocoa Bean Production in Ghana
Original language description
This article analyses cocoa production in Ghana from 1990 to 2011, using Johansen cointegration and OLS regression approaches. The results of the cointegration test show a long run equilibrium relationship between cocoa bean production, area harvested, the world price, cocoa export and RGDPK, all the variables were statistically significant. More so, the results from the OLS linear regression show a positive relationship between annual cocoa output and area harvested as well as export and RGDPK in Ghana. However, on the contrary, the results show a negative relationship between cocoa bean production and the world price. Arguably, this partly because the Ghanaian government has fixed the price of cocoa in order to protect farmers/growers from the shockson the world market. However, this measure to some extend appears to be counterproductive, especially when the price cocoa beans increase in the world market without increase in the producer price. As a result, farmers are likely to resp
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
GA - Agricultural economics
OECD FORD branch
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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