An Empirical Analysis of Cocoa Bean Production in Ghana

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

An Empirical Analysis of Cocoa Bean Production in Ghana

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

An Empirical Analysis of Cocoa Bean Production in Ghana

Popis výsledku anglicky

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

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

GA - Zemědělská ekonomie

OECD FORD obor

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Projekt

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Návaznosti

O - Projekt operacniho programu

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název periodika

European Scientific Journal

ISSN

1857-7881

e-ISSN

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Svazek periodika

10

Číslo periodika v rámci svazku

16

Stát vydavatele periodika

MK - Republika Severní Makedonie

Počet stran výsledku

12

Strana od-do

295-306

Kód UT WoS článku

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EID výsledku v databázi Scopus

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