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|z 9781451851137
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|a 1018-5941
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|a Bulir, Ales.
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|a The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-96 /
|c Ales Bulir.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1998.
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|a 1 online resource (26 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1998/088
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1998/088/001.1998.issue-088-en.xml
|z IMF e-Library
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