Cocoa in Ghana: The Cocoa Farmers, Cocoa Marketing Board, and Elasticity of Supply

Abstract:

This paper claimed to refute the view that Ghana's cocoa farmers could be paid a below-market price by the national marketing board, without adversely affecting their output.  After a review of the history, the elasticity of supply is estimated econometrically.  Local rainfall is an exogenous variable and the lag structure is taken from biological growth pattern of the trees.

Publisher's Version

Last updated on 06/02/2021