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


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.

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Last updated on 06/02/2021