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Book Cover
E-book
Author Buliř, Aleš, author.

Title The price incentive to smuggle and the cocoa supply in Ghana, 1950-96 / prepared by Aleš Buliř
Published [Washington, D.C.] : International Monetary Fund, African Dept., ©1998

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Description 1 online resource (26 pages) : illustrations
Series IMF working paper ; WP/98/88
IMF working paper ; WP/98/88.
Summary From the early 1960s to the mid-1980s, the officially recorded production of cocoa beans in Ghana declined by 60 percent, and although it has begun to recover recently, it is still well below peak levels. This paper argues that the contraction of the Ghanaian cocoa sector can be explained by several external adverse factors and by the distortionary effect of domestic taxes, which, by widening the producer pace differential between Ghana and Côte d'Ivoire, increased the incentive to smuggle. On the one hand, real international cocoa prices receded from their peak levels in the late 1950s, the relative prices of competing domestic crops increased, and the sector experienced several years of severe drought in the 1970s and 1980s. On the other hand, the cocoa sector has been badly affected by a high cocoa export duty and implicit taxes in the form of exchange rate distortions and marketing inefficiencies
Bibliography Includes bibliographical references (pages 24-26)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
English
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Cocoa -- Ghana
Cointegration -- Ghana
Cocoa
Cointegration
Ghana
Form Electronic book
Author International Monetary Fund. African Department, issuing body.
ISBN 1451897073
9781451897074
1281345512
9781281345516
1462319696
9781462319695
1452757313
9781452757315
9786613779083
6613779083