Preview

Economic and Policy Foundations of Agricultural Exports from Ghana: A Co-integration Analysis

Powerful Essays
Open Document
Open Document
7508 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Economic and Policy Foundations of Agricultural Exports from Ghana: A Co-integration Analysis
Available online at http://www.journalijdr.com

International Journal of

DEVELOPMENT RESEARCH

ISSN: 2230-9926

International Journal of Development Research
Vol. 4, Issue, 6, pp. 1240-1248, June, 2014

Full Length Research Article
ECONOMIC AND POLICY FOUNDATIONS OF AGRICULTURAL EXPORTS FROM GHANA: A COINTEGRATIONANALYSIS
1*BoansiDavid, 2LokononBoris

OdilonKounagbé, 2AppahJohn and
1GebremariamGebrelibanosGebremedhin

1Department
2West

of Economic and Technological Change, Center for Development Research (ZEF), Bonn, Germany
African Science Service Center on Climate Change and Adapted Land Use (WASCAL), UniversitéCheikh
Anta Diop-FASEG, Senegal / Center for Development Research (ZEF), Germany

ARTICLE INFO

ABSTRACT

Article History:

This study was primarily undertaken to help bridge information gap and inform agricultural trade policy prescriptions on how growth observed in Ghana’s agricultural export sector could be sustained and scaled up. Achievement of this purpose was sourced through usage of the Johansen
Full Information Maximum Likelihood test.Findings from the respective estimations reveal that, structural weaknesses in production, trade and marketing environments preclude the country from exploiting growth enhancing opportunities in the short-run, while potential barriers to trade yield similar implication in the long-run. Minimization of both short and long-run inhibitions could further enhance agricultural export growth for Ghana. Based on estimates observed in this study, sustenance and scaling up of the Ghanaian agricultural export sector requires addressing of existing structural weaknesses and inefficiencies in production, trade and marketing, increased diversification of agricultural exports, increased openness to trade, attraction of export enhancing foreign direct investments, and increased domestic production.

th

Received 24 March, 2014
Received in revised form
18th April, 2014
Accepted 05h


References: Anwar, S., Shaukat, F., Hussain, Z. 2010. Effect of agricultural and financial sector reforms on export of Ball, R.J., Eaton, J.R., Steuer, M.D. 1966. The relationship between United Kingdom export performance in Bannerjee, A., Dolado, J.J., Hendry, D.F., Smith, G.W. 1986. Boansi, D. 2013. Competitiveness and determinants of cocoa exports from Ghana Cabral, L. 1995. Sunk costs, firm size and firm growth. J. Ind. Danielou, M., Ravry, C. 2005. The rise of Ghana’s pineapple industry: from successful takeoff to sustainable expansion. Egyir, I.S., Mensah, E.C., Agyei-Sasu, F. 2012. Factors influencing the intensity of export success in Ghana’s Engle, R.F., Granger, C.W.J. 1987. Co-integration and error correction: representation, estimation and testing. García, Z., Nyberg, J., Saadat, S.O. 2006. Agriculture, trade negotiations and gender Opportunities, 2004. In collaboration with the FAO Trade and Commodities Division, FAO, Rome, Italy. Harris, R., Sollis, R. 2003. Applied time series modeling and forecasting Harris, R. 1995. Using co-integration analysis in econometric modeling Hoekman, B., Djankov, S. 1997. Determinants of export structure of countries in Central and Eastern Europe Jeon, Y. 1992. The determinants of Korean foreign direct investment Kuwornu, J.K.M. 2009. Export of palm oil from Ghana: a demand analysis
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Kirk Patrick Samuda, Service Request
    • 1085 Words
    • 5 Pages

    Kirk Patrick Samuda, Service Request

    upgraded promptly to permit positive changes throughout Riordan. As such, a key area of focus…

    • 1085 Words
    • 5 Pages
    Good Essays
    Read More
  • Better Essays

    Imperialism In Ghana Research Paper
    • 2027 Words
    • 9 Pages

    Imperialism In Ghana Research Paper

    Slavery and colonization have two different meanings, but have a direct relationship in the way that they oppress the people they come across. It all started with the West Coast of Africa, specifically Ghana. Many European Nations came over exploited Ghana as well as developed them. They also in many ways diminished their culture by trying to force new religion, like Chinuna Achebe the missionaries in Things Fall Apart. Throughout this century, Europeans not only colonized Ghna, but changed West African life all togather.…

    • 2027 Words
    • 9 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Sub Saharan Africa Trade
    • 349 Words
    • 2 Pages

    Sub Saharan Africa Trade

    |African countries like Angola, where there was a large amount of |help spread Islam further inland. | |…

    • 349 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    China in Africa
    • 20132 Words
    • 81 Pages

    China in Africa

    “the eu market is open to you – but we are not going to let you in!”…

    • 20132 Words
    • 81 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    The Adequate Trade: The Ivory Trade
    • 312 Words
    • 2 Pages

    The Adequate Trade: The Ivory Trade

    Many elephants are dying because of the ivory trade. The ivory trade is a trade for elephant tusk. The ivory trade takes place in Africa. Most of the ivory is hunted for illegally and is mostly by poachers. Poachers are people who hunt illegally, and don’t have a license from the government. However, most poachers aren’t using the ivory the Chinese are. Three fourths of all ivory hunted is bought by the Chinese. Ivory is used to make many objects like rings, jewelry, chopsticks and other objects. There are about 220 ivory items in each shop. According to “Care for the Wild International”, poachers kill about 6,000 to 12,000 elephants a year. There are only about 400,000 elephants left in Africa.…

    • 312 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    non-farm activities and poverty alleviation in ghana
    • 5981 Words
    • 24 Pages

    non-farm activities and poverty alleviation in ghana

    Poverty is the condition of having insufficient resources or income. In its most extreme form, poverty is lack of basic human needs, such as adequate and nutritious food, clothing, housing, clean water, and health services. Extreme poverty can cause terrible suffering and death; and even modest levels of poverty can prevent people from realizing many of their desires. The world’s poorest people many of whom live in developing areas of Africa, Asia, Latin America, and Eastern Europe struggle daily for food, shelter, and other necessities. They often suffer from severe malnutrition, epidemic disease outbreaks, famine, and war. It is due to the idea of reducing the incidence of poverty that the government of Ghana adopted the Ghana Poverty Reduction Strategy, which represents comprehensive policies to support growth and poverty reduction in the country. With this the Government of Ghana aims to create wealth by transforming the nature of the economy to achieve growth, accelerated poverty reduction and the protection of the vulnerable and excluded within a decentralized democratic environment. In Ghana, like other developing countries, the evidence of poverty is seen mostly in the rural areas. Over 60% of Ghana’s population lives in the rural areas, and as such past governments have adopted various programmes and policies aimed at reducing poverty and promoting rural development.…

    • 5981 Words
    • 24 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Chunnel Project Case Study
    • 277 Words
    • 2 Pages

    Chunnel Project Case Study

    Please highlight the major areas of strength in the management of this phase of the project:…

    • 277 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Evaluate the Role of International Trade and Economic Integration in Promoting Development.
    • 6266 Words
    • 26 Pages

    Evaluate the Role of International Trade and Economic Integration in Promoting Development.

    Evaluate the role of International trade and economic integration in promoting development. Traditionally, development has been measured in terms of income levels (GDP per capita) as this can show the value of a country’s goods and services produced in a year shared between its population. The GDP per capita can then be compared between multiple countries to form comparisons. However, the fundamental flaw of GDP is that it does not show what resources were used, how they were used, pollution or the sustainability of resource exploitation. Bob Kennedy famously said before his assassination “Our gross national product counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage...yet the gross national product does not allow for the health of our children, the quality of their education, or the joy of their play”. While traditional economics explores how scarce resources can be allocated to maximise output, the true definition of “development” is unknown and is open to much interpretation. However the indicators and wealth, which reflects the quantity of resources available to society, provide little information about the allocation of those resources. For example, resources may not be equally distributed within society or the social groups. Even countries which share similar GDP Per capita differ substantially when it comes to people quality-of-life: access to education, health care, employment opportunities, the availability of clean and safe drinking water and the threat of crime etc. Recent United Nations documents emphasised “human development” measured by life expectancy, at adult literacy, access to all three levels of education, as well as peoples average income, which is a necessary condition of their freedom of choice. In a broader sense the notion of human development incorporates all the aspects of individuals wellbeing, from their health status to the economic and political freedom. According to the Human Development…

    • 6266 Words
    • 26 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    The Empirical Analysis of Trade Policy in Promoting Food Security
    • 6376 Words
    • 26 Pages

    The Empirical Analysis of Trade Policy in Promoting Food Security

    In recent years food security has been the most challenging issue to meet. No perfect solution has not been made yet to eliminate and eradicate the world’s hunger. Most of the time food insecurity is seen among the poor nations of the world but now-a-days this has also been an invincible problem throughout the world as well as to many developed countries. Moreover some effective trade policies may be applicable to alleviate worldwide food insecurity. This short analytical note attempts to summarize some of the relationships between trade policy and food security, and pinpoint some of the changes that might be required if governments are to achieve their goals in this area.…

    • 6376 Words
    • 26 Pages
    Powerful Essays
    Read More
  • Good Essays

    African Growth And Opportunity Act Case Study
    • 1167 Words
    • 5 Pages

    African Growth And Opportunity Act Case Study

    The African Growth and Opportunity Act was signed into law by President Clinton in May 2000 in order to promote the US and African trade relations and to promote economic development on the African continent through export-led growth. To expand trade and investment in South Africa. To help grow economic and encourage economic integration.…

    • 1167 Words
    • 5 Pages
    Good Essays
    Read More
  • Better Essays

    The West African Food Crisis
    • 2280 Words
    • 7 Pages

    The West African Food Crisis

    Africa looks like it might be hit once more by a food crisis, this time in the arid Sahel region of Western Africa. A Famine Early Warning System - which accurately prophesied the 2011 drought in the Horn of Africa now, warns millions in West Africans that they will face a food crisis in 2012. Men, women and children are destined to be buried because of deprivation, famine and starvation. We are looking at an unprecedented food catastrophe. “The parallels between the Horn of Africa famine and the early warnings in West Africa are striking,” says Stephen Cockburn, regional campaign and policy manager for Oxfam 's Dakar office.1…

    • 2280 Words
    • 7 Pages
    Better Essays
    Read More
  • Good Essays

    Chapter 6 “Agricultural Subsidies & Development”
    • 653 Words
    • 3 Pages

    Chapter 6 “Agricultural Subsidies & Development”

    If agricultural tariff and subsidies to producers were removed overnight, what would the impact be on the average consumer in develop nations such as the United States and the EU countries. What would be the impact on average farmer? Do you think the total benefits overweight the total costs, or vice versa?…

    • 653 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Agricultural Subsidies and Development Essay 2
    • 623 Words
    • 3 Pages

    Agricultural Subsidies and Development Essay 2

    1. The removal agricultural tariffs and subsides, according to Oxfam, would benefit developed nations because their consumers would benefit from lower domestic agricultural prices and the elimination of the taxes they must pay in order to support the subsidies. The producers in the developed world would lose this government protection from competition as well as the financial incentives. I believe there would be a net benefit from changing our agricultural policy because:…

    • 623 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    National Income Determinants and the Economy of Ghana
    • 3024 Words
    • 13 Pages

    National Income Determinants and the Economy of Ghana

    National income in many countries are either in Gross Domestic Product (GDP) or Gross National Product (GNP).…

    • 3024 Words
    • 13 Pages
    Better Essays
    Read More
  • Good Essays

    Agricultural Subsidies and Development Essay
    • 770 Words
    • 4 Pages

    Agricultural Subsidies and Development Essay

    In recent decades, rich countries and organizations have taken measures to preserve their agro industry. In many of the largest countries as a measure to stimulate the production, subsidy is made for the proceedings or part of the necessary crops. Nowadays we are faced in a big question: What is the impact of these subsidies on world market prices and the producers do not receive subsidies for their production?…

    • 770 Words
    • 4 Pages
    Good Essays
    Read More

Related Topics