Trade Reforms and Integration of Cocoa Farmers into World Markets: Evidence from African and non-African Countries

Komi Tsowou () and Samuel K. Gayi
Additional contact information
Komi Tsowou: United Nations Economic Commission for Africa (UNECA)
Samuel K. Gayi: United Nations Conference on Trade and Development (UNCTAD)

Journal of African Trade, 2019, vol. 6, issue 1, 16-29

Abstract: Abstract The paper analyses cocoa farmers’ integration into global markets taking into account trade reforms in five cocoa producing countries. The analysis investigates price transmission mechanisms from world to domestic cocoa markets in the context of trade liberalizing policy reforms. The empirical analysis of this study is carried out within the framework of the Error Correction Model. The results, while being mixed, suggest that the reforms have increased the exposure of farmers to world cocoa markets. However, this development is not associated with significant increases in the share of the world price accruing to farmers in cocoa major producing countries. For a sustainable cocoa economy, policies that create an enabling environment for farmers are critical.

Keywords: Cocoa markets; farmers; price transmission; error correction model (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.2991/jat.k.190916.001 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jouafr:v:6:y:2019:i:1:d:10.2991_jat.k.190916.001

Ordering information: This journal article can be ordered from
https://www.atlantis-press.com/journals/jat

DOI: 10.2991/jat.k.190916.001

Access Statistics for this article

Journal of African Trade is currently edited by Svetlana Zakharchenko

More articles in Journal of African Trade from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().