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/lp/oxford-university-press/can-price-incentive-to-smuggle-explain-the-contraction-of-the-cocoa-GUSgru95Nf
- Publisher
- Oxford University Press
- Copyright
- Copyright © 2015 Centre for the Study of African Economies
- ISSN
- 0963-8024
- eISSN
- 1464-3723
- DOI
- 10.1093/jae/11.3.413
- Publisher site
- See Article on Publisher Site
Abstract
From the early 1960s to the early 1980s, the officially recorded output of cocoa in Ghana declined by 60%. During the 1983–95 Economic Recovery Programme, however, the official output of cocoa 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 in remaining 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 co‐integration analysis and a dynamic error‐correction model of cocoa supply support the analysis. Copyright Oxford University Press 2002 « Previous | Next Article » Table of Contents This Article J Afr Econ (2002) 11 (3): 413-439. doi: 10.1093/jae/11.3.413 » Abstract Free Full Text (PDF) Free Classifications Article Services Article metrics Alert me when cited Alert me if corrected Find similar articles Similar articles in Web of Science Add to my archive Download citation Request Permissions Citing Articles Load citing article information Citing articles via CrossRef Citing articles via Scopus Citing articles via Web of Science Citing articles via Google Scholar Google Scholar Articles by Bulíř, A. Search for related content Related Content K42 - Illegal Behavior and the Enforcement of Law O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products Q11 - Aggregate Supply and Demand Analysis; Prices Load related web page information Share Email this article CiteULike Delicious Facebook Google+ Mendeley Twitter What's this? Search this journal: Advanced » Current Issue November 2015 24 (5) Alert me to new issues The Journal About this journal AERC/Journal of African Economies, Visiting Scholars Programme Rights & Permissions Dispatch date of the next issue We are mobile – find out more This journal is a member of the Committee on Publication Ethics (COPE) Journals Career Network Published on behalf of The Centre for the Study of African Economies Impact factor: 0.761 5-Yr impact factor: 0.933 Turnaround Statistics Over the last three and a half years, 56% of submissions to JAE received a decision within 31 days and 73% within 61 days of submission. Over the same period, 64% of initial submissions were rejected after internal review. Of the submissions sent for review, 27% were eventually accepted for publication after revision. During the same period the average time from receipt at OUP to online publication was approximately 42 days. 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Journal
Journal of African Economies – Oxford University Press
Published: Sep 1, 2002