Ghana’s Recurrent Miracle: Cocoa Cycles and Deficient Structural Change
Christer Gunnarsson
Additional contact information
Christer Gunnarsson: Lund University
Chapter 5 in Agricultural Development in the World Periphery, 2018, pp 121-151 from Palgrave Macmillan
Abstract:
Abstract Chapter 5 examines potentials and obstacles to productivity growth and structural change in an African “miracle” economy, Ghana. The focus is on an examination of long-term growth in the cocoa industry. The history of the cocoa industry exhibits a pattern of recurrent booms and busts with episodes of great economic success followed by long periods of stagnation and decline. This chapter investigates whether the structure of the industry in the current boom may be undergoing a process of change or if the drivers of growth are similar to those prevailing in an earlier expansion a hundred years ago. If the recent boom is driven by land expansion and increased use of labour rather than by productivity growth doubts can indeed be raised about the sustainability of Ghanaian cocoa production.
Keywords: Ghana; Structural change; Land expansion; Cocoa; Boom and busts (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
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:pal:palscp:978-3-319-66020-2_5
Ordering information: This item can be ordered from
http://www.palgrave.com/9783319660202
DOI: 10.1007/978-3-319-66020-2_5
Access Statistics for this chapter
More chapters in Palgrave Studies in Economic History from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().