Drivers of Cocoa Export in Ghana in the Era of Free Trade

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F14%3A00228085" target="_blank" >RIV/62156489:43310/14:00228085 - isvavai.cz</a>
Result on the web
<a href="http://www.idosi.org/wasj/wasj32%288%2914/31.pdf" target="_blank" >http://www.idosi.org/wasj/wasj32%288%2914/31.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Drivers of Cocoa Export in Ghana in the Era of Free Trade
Original language 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 exporti
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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