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The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-96 / Aleš Bulíř.
- Format:
- Book
- Government document
- Author/Creator:
- Buliř, Aleš.
- Series:
- IMF Working Papers; Working Paper ; No. 1998/088
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (26 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 1998.
- Language Note:
- English
- Summary:
- 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.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613779083
- 9781462319695
- 1462319696
- 9781452757315
- 1452757313
- 9781281345516
- 1281345512
- 9781451897074
- 1451897073
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