The impacts of agricultural price policy on cocoa supply in Ghana: An error correction estimation

Journal of African Economies

Volumn 4, Issue 3, 1995, Pages 315-335

  Abdulai, Awudu ^a   Rieder, Peter ^a  

^a SWISS FEDERAL INSTITUTE OF TECHNOLOGY   (Switzerland)

Author keywords

[No Author keywords available]

Indexed keywords

AGRICULTURAL PRICING POLICY; COCOA PRODUCTION; DEVELOPING COUNTRY; ERROR CORRECTION MODEL; MODELLING APPROACH; PRICE ELASTICITY; PRICING POLICY; SUPPLY IMPACT;

GHANA;

EID: 0029478776     PISSN: 09638024     EISSN: None     Source Type: Journal    
DOI: 10.1093/oxfordjournals.jae.a036837     Document Type: Article

References (37)

1. Abdulai, A. and P. Hazell (1995) The Role of Agriculture in Sustainable Development in Africa', Forthcoming in Journal of Sustainable Agriculture.
2. Abdulai, A. and P. Rieder (1995) 'Agriculture's Contribution to Overall Economic Growth: an Application of Kaldor's First Growth Law to Ghana', Forthcoming in African Development Review.
3. Askari, H. and J.T. Cummings (1977) 'Estimating Agricultural Supply Response with the Nerlove Model: a Survey', International Economic Review, 18: 257-92.
4. Azam, J.P. and T. Besley (1993) 'Peasant Supply Response under Rationing: the Role of the Food Market', European Journal of Political Economy, 7: 331-43.
5. Banerjee, A.D., A.J. Rayner and D. Greenaway (1993) Cointegration, Error Correction and Econometric Analysis of Non-stationary Data, New York: Oxford University Press.
6. Berthelemy, J.C. and C. Morrisson (1987) 'Manufactured Goods Supply and Cash Crops in Sub-Saharan Africa', World Development, 15 (10/11): 1353-67.
7. Campbell, J.Y. and P. Perron (1991) 'Pitfalls and Opportunities: What Macroeconomists Should Know About Unit Roots', Econometric Research Memorandum No. 360, Princeton University.
8. Delgado, C.L. (1992) Why Domestic Food Prices Matter to Growth Strategy in Semi-Open West African Agriculture', Journal of African Economies, 1 (3): 446-71.
9. Dicky, D.A. and W.A. Fuller (1981) 'Likelihood Ratio Statistics for Autoregressive Time Series with Unit Roots', Econometrica, 49: 1057-72.
10. Engle, R.F. and C.W.J. Granger (1987) 'Co-integration and Error Correction: Representation, Estimation, and Testing', Econometrica, 55 (2): 251-76.
11. Engle, R.F. and B.S. Yoo (1987) 'Forecasting and Testing in Cointegrated Systems', journal of Econometrics, 35: 143-59.
12. Granger, C.W.J. (1969) 'Investigating Causal Relationships by Econometric Models and Cross-Spectral Methods', Econometrica, 37: 540-52.
13. Granger, C.W.J. (1990) Modelling Economic Series, Oxford: Clarendon Press.
14. Granger, C.W.J. and P. Newbold (1974) 'Spurious Regressions in Econometrics', Journal of Econometrics, 2: 111-20.
15. Hallam, D. and R. Zanoli (1993) 'Error Correction Models and Agricultural Supply Response', European Review of Agricultural Economics, April: 151-66.
16. Hamilton, J.D. (1994) Time Series Analysis, Princeton NJ: Princeton University Press.
17. Hendry, D.F., A.R. Pagan, and J.D. Sargan (1984) 'Dynamic Specification', in Z. Griliches and M.D. Intriligator (eds) Handbook of Econometrics, volume 2, Amsterdam: Elsevier.
18. Jaeger, W.K. (1992) The Effects of Economic Policies on African Agriculture, Washington DC: World Bank.
19. Jebuni, C.D., A. Oduro, Y. Asante and G.K. Tsikata (1992) The Supply Response of Non-Traditional Exports to Ghana's Economic Recovery Programme, London: Overseas Development Institute.
20. Johansen, S. (1988) 'Statistical Analysis of Cointegrating Vectors', journal of Economic Dynamics and Control, 12: 231-54.
21. Johansen, S. and K. Juselius (1990) 'Maximum Likelihood Estimation and Inference on Cointegration Johansen, S. and K. Juselius With Application to the Demand for Money', Oxford Bulletin of Economics and Statistics, 52: 169-210.
22. MacDonald, R. and C. Kearney (1987) 'On the Specification of Granger-Causality Tests Using the Cointegration Methodology', Economic Letters, 25: 149-53.
23. Mackinnon, J.G. (1991) 'Critical Values for Cointegration Tests', in R.F. Engle and C.W.J. Granger (eds), Long-run Economic Relationships. Readings in Cointegration, New York: Oxford University Press.
24. McQueen, W. (1991) 'Mauritius: Successful Export Diversification Under Adverse Conditions', The Courier, 127: 74-77.
25. Nelson, C.R. and C.I. Plosser (1982) 'Trends and Randon Walks in Macroeconomic Analysis', Journal of Monetary Economics, 10:139-62.
26. Nerlove, M. (1958) 'Distributed Lags and Estimation of Long-run Supply and Demand Elasticities', Journal of Farm Economics, 40: 301-10.
27. Nerlove, M. (1979) 'The Dynamics of Supply: Retrospect and Prospect', American Journal of Agricultural Economics, 61: 874-88.
28. Nickell, S. (1985) 'Error Correction, Partial Adjustment and All That: an Expository Note', Oxford Bulletin of Economics and Statistics, 47 (2): 119-29.
29. Phillips, P.C.B. and S. Ouliaris (1990) 'Asymptotic Properties of Residual Based Tests for Cointegration', Econometrica, 58: 165-93.
30. Pindyck, R.S. and D.L. Rubinfeld (1991) Econometric Models and Economic Forecasts, McGraw Hill, 3rd edition.
31. Rao, M.J. (1989) 'Agricultural Supply Response: a Survey', Agricultural Economics, 3: 1-22.
32. Salmon, M. (1982) 'Error Correction Mechanisms', Econometric Journal, 92: 615-29.
33. Sarris, A. and H. Shams (1992) Ghana Under Structural Adjustment: the Impact on Agriculture and the Rural Poor, New York: New York University Press.
34. Sarris, A. (1993) 'Household Welfare During Crises and Adjustment in Ghana', Journal of African Economies, 2 (2): 195-237.
35. Stevens C. (1991) 'Kenya: Broadening the Range of Agricultural Exports', The Courier, 127: 70-73.
36. Stryker, J.D. (1990) Trade, Exchange Rate, and Agricultural Pricing Policies in Ghana', Washington DC: World Bank, Washington, DC.
37. World Bank (1986) World Development Report 1986, Washington DC: World Bank.