Cocoa Export Performance in the World's Largest Producer

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F16%3A43909743" target="_blank" >RIV/62156489:43310/16:43909743 - isvavai.cz</a>

Result on the web

<a href="http://www.agrojournal.org/22/05-03.pdf" target="_blank" >http://www.agrojournal.org/22/05-03.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Cocoa Export Performance in the World's Largest Producer

Original language description

The trade theories maintain that countries should specialize in the production and exportation of products that they have relative factor endowments or a competitive advantage. Therefore, Cote d'Ivoire has taken the advantage to become the largest producer and exporter of cocoa beans in the world. The product is also the leading foreign exchange earner in Cote d'Ivoire. Thus, the importance of the commodity to the country cannot be overstated. Against this background, this contribution assesses the country's export performance and determines some external drivers of cocoa export trade in Cote d'Ivoire in recent decades, using both empirical and descriptive approaches. Both trade specialization index and trade competitiveness indicators suggest that even though the country's performance slightly fluctuated over the years, it remains competitive and have witnessed positive direction almost throughout the years under study. Also, using OLS and Granger causality, the OLS regression results reveal that cocoa bean production, world prices, trade openness and real effective exchange rate have a positive influence on cocoa export performance in Cote D'Ivoire. The Granger test shows that there exists a bidirectional causality running from production to export. A unidirectional is observed from world price to export, as well as from world price and exchange rates to production in Cote d'Ivoire. The government of Cote d'Ivoire and partners should create an enabling environment and some incentives to reinvigorate cocoa production and earnings for a sustainable export performance in the country.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

GA - Agricultural economics

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Bulgarian Journal of Agricultural Science

ISSN

1310-0351

e-ISSN

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Volume of the periodical

22

Issue of the periodical within the volume

5

Country of publishing house

BG - BULGARIA

Number of pages

9

Pages from-to

713-721

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-84991769805