The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-96

The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-96
Author: Mr.Ales Bulir
Publisher: International Monetary Fund
Total Pages: 27
Release: 1998-06-01
Genre: Business & Economics
ISBN: 1451851138

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From the early 1960s to the early 1980s, the officially recorded production of cocoa in Ghana declined by 60 percent. During the 1983–95 Economic Recovery Program, however, cocoa production doubled. Although these developments have inspired much empirical research, most of the studies have been unable to explain the medium-term persistence of cocoa output to remain below its estimated capacity level. The paper argues that the price incentive to smuggle can explain as much as one-half of the observed decline in output and the subsequent recovery. A cointegration analysis and a dynamic error-correction model of cocoa supply support the analysis.

The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-96

The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-96
Author: Aleš Bulíř
Publisher:
Total Pages: 26
Release: 2006
Genre:
ISBN:

Download The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-96 Book in PDF, Epub and Kindle

From the early 1960s to the early 1980s, the officially recorded production of cocoa in Ghana declined by 60 percent. During the 1983-95 Economic Recovery Program, however, cocoa production doubled. Although these developments have inspired much empirical research, most of the studies have been unable to explain the medium-term persistence of cocoa output to remain below its estimated capacity level. The paper argues that the price incentive to smuggle can explain as much as one-half of the observed decline in output and the subsequent recovery. A cointegration analysis and a dynamic error-correction model of cocoa supply support the analysis.

The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-1996

The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-1996
Author: Mr. Ales Bulir
Publisher: International Monetary Fund
Total Pages: 28
Release: 1998-06-01
Genre: Business & Economics
ISBN: 1451897073

Download The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-1996 Book in PDF, Epub and Kindle

From the early 1960s to the early 1980s, the officially recorded production of cocoa in Ghana declined by 60 percent. During the 1983–95 Economic Recovery Program, however, cocoa production doubled. Although these developments have inspired much empirical research, most of the studies have been unable to explain the medium-term persistence of cocoa output to remain below its estimated capacity level. The paper argues that the price incentive to smuggle can explain as much as one-half of the observed decline in output and the subsequent recovery. A cointegration analysis and a dynamic error-correction model of cocoa supply support the analysis.

The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-1996

The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-1996
Author: Ales Bulir
Publisher:
Total Pages: 26
Release: 1998
Genre:
ISBN:

Download The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-1996 Book in PDF, Epub and Kindle

From the early 1960s to the early 1980s, the officially recorded production of cocoa in Ghana declined by 60 percent. During the 1983-95 Economic Recovery Program, however, cocoa production doubled. Although these developments have inspired much empirical research, most of the studies have been unable to explain the medium-term persistence of cocoa output to remain below its estimated capacity level. The paper argues that the price incentive to smuggle can explain as much as one-half of the observed decline in output and the subsequent recovery. A cointegration analysis and a dynamic error-correction model of cocoa supply support the analysis.

Can Price Incentive to Smuggle Explain the Contraction of Cocoa Supply in Ghana?

Can Price Incentive to Smuggle Explain the Contraction of Cocoa Supply in Ghana?
Author: Aleš Bulíř
Publisher:
Total Pages: 26
Release: 2006
Genre:
ISBN:

Download Can Price Incentive to Smuggle Explain the Contraction of Cocoa Supply in Ghana? Book in PDF, Epub and Kindle

From the early 1960s to the early 1980s, the officially recorded output of cocoa in Ghana declined by 60 percent. During the 1983-95 Economic Recovery Program, however, cocoa official output doubled. Although these developments have inspired much empirical research, most of the studies have been unable to explain the medium-term persistence of cocoa output to remain below its estimated capacity level. The paper argues that the price incentive to smuggle can explain as much as one half of the observed decline in official output from its trend and the subsequent recovery. A cointegration analysis and a dynamic error correction model of cocoa supply support the analysis.

The cocoa coast: The board-managed cocoa sector in Ghana

The cocoa coast: The board-managed cocoa sector in Ghana
Author: Kolavalli, Shashidhara
Publisher: Intl Food Policy Res Inst
Total Pages: 214
Release: 2018-02-07
Genre: Social Science
ISBN: 0896292681

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After almost 20 years of declining cocoa production, Ghana has been able in the last decade to increase the share of export prices going to producers and more than double production. Contrary to Washington Consensus prescriptions, these accomplishments were achieved through reforms that did not include market liberalization. In The Cocoa Coast: The Board-Managed Cocoa Sector in Ghana, the authors identify factors that have contributed to Ghana’s success in cocoa production. These include the accountability of the government for the sector’s performance (cocoa-sector performance being seen as a key dimension of economic management), its interest in maintaining the ability to raise funds globally as a reliable supplier of high-quality cocoa, and its policy of retaining a portion of producer revenues to promote the adoption of yield-enhancing measures. The authors also suggest how Ghana can improve the efficiency of the cocoa sector through measures such as increased transparency and curtailing services that would be better provided by the private sector. The Cocoa Coast will be a valuable resource for policy makers, development specialists, and others interested in different national development paths.

Taxation, Responsiveness, and Accountability in Sub-Saharan Africa

Taxation, Responsiveness, and Accountability in Sub-Saharan Africa
Author: Wilson Prichard
Publisher: Cambridge University Press
Total Pages: 309
Release: 2015-09-11
Genre: Business & Economics
ISBN: 1107110866

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This book captures the critical role of taxation in shaping government responsiveness and accountability in developing countries.

Delivering Development

Delivering Development
Author: Edward R. Carr
Publisher: Macmillan
Total Pages: 262
Release: 2011-02-01
Genre: Business & Economics
ISBN: 0230117260

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In Delivering Development, author Edward Carr calls into question the very universal, unquestioned assumptions about globalization, development, and environmental change that undergird much of development and economic policy. Here he demonstrates how commonly held beliefs about globalization and development have failed the global poor. Over his 13 years of working along what he calls "globalization's shoreline," a world region buffeted by the economic, political, and environmental decisions of those living in wealthier places, Carr has concluded that most experts misunderstand what they are trying to fix, and cannot tell if they are fixing it. Delivering Development is an eye opening, you-are-there book that compels the reader to question conventional wisdom, redefines what assistance to the developing world really means, and explores alternative ways of achieving meaningful, enduring improvements to human well-being.

The Central Asian Economies Since Independence

The Central Asian Economies Since Independence
Author: Richard Pomfret
Publisher: Princeton University Press
Total Pages: 244
Release: 2020-12-08
Genre: Business & Economics
ISBN: 0691222509

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The 9/11 attacks, the U.S. invasion of Afghanistan, and the oil boom of recent years have greatly increased the strategic importance of resource-rich Central Asia, making an understanding of its economic--and therefore political--prospects more important than ever. In The Central Asian Economies Since Independence, Richard Pomfret provides a concise and up-to-date analysis of the huge changes undergone by the economies of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan since the collapse of the Soviet Union in 1991. The book assesses the economic prospects of each country, and the likelihood that economic conditions will spur major political changes. With independent chapters on each country, and chapters analyzing their comparative economic performance, the book highlights similarities and differences. Facing common problems caused by the breakdown of Soviet economic relations and the hyperinflation of the early 1990s, these countries have taken widely divergent paths in the transition from Soviet central planning to more market-based economies. The book ends in 2005 with the bloodless Kyrgyz revolution and the violence in Uzbekistan, which signaled the end of the region's political continuity. Throughout the book, Pomfret emphasizes the economic forces that foster political instability--from Kazakhstan's resource boom and Turkmenistan's lack of reform to Tajikistan's abject poverty.