EFFECT OF TARIFF ESCALATION ON GHANAIAN COCOA EXPORTS: AN EMPIRICAL PERSPECTIVE
Journal Title: International Journal of Food and Agricultural Economics - Year 2017, Vol 5, Issue 1
Abstract
This study analyses the effects of tariff escalation on Ghanaian cocoa exports in four importing markets: USA, EU, Japan and Malaysia. The study estimates nominal and effective protection coefficients in these markets based on ad-valorem equivalent of applied and bound specific tariffs. Results revealed that, effective protection exists in the Japanese and Malaysian cocoa industries at different stages of processing on both bound and applied tariffs. In contrast, the USA and the EU do not effectively protect their cocoa industries, thus, no tariff escalation on applied tariffs against cocoa imports from Ghana. This study concludes that from a static effect, higher tariffs do have a negative consequence on Ghanaian cocoa exports in these importing countries. From a dynamic perspective however, the relationship between tariff structures in these importing countries and Ghanaian cocoa exports is somewhat ambiguous and each situation has to be viewed on their own merit. A complete elimination of tariffs as a form of trade barrier on Ghanaian cocoa exports does not necessarily imply that Ghana could easily increase its exports of value added cocoa.
Authors and Affiliations
Ahmed Abdul Aziz, Elisha Kwaku Denkyirah, Elijah Kofi Denkyirah
Keywords
Related Articles
- EP ID EP200732
- DOI -
- Views 182
- Downloads 0
EXPLAINING THE PERCEPTION OF SMALLHOLDERS TOWARDS WEATHER INDEX MICRO-INSURANCE ALONGSIDE RISKS AND COPING STRATEGIES
Many studies associate smallholders with negative attitudes towards weather index-based micro-insurance. This article analyses the perceptions of small-scale maize producers towards weather index insurance amid common ri...
SUSTAINING PADDY SELF-SUFFICIENCY AND LAND DEMANDS IN SABAH, MALAYSIA: A STRUCTURAL PADDY AND RICE ECONOMETRIC MODEL ANALYSIS
The objective of this study is to construct an econometric commodity model in order to forecast the long term rice production performance of the state of Sabah, Malaysia. The baseline projection shows that the Sabah rice...
Producers’ Perception of Geographical Indications as a Product Diversification Tool for Agrifood Products in Semi-Arid Regions of Kenya
The study assessed producers’ awareness and perceptions of territorial-based qualities and the economic potential of two potential origin-based geographical indications in two semi-arid counties in Kenya. Protection of t...
FOOD ENTREPRENEUR SUSTAINABLE ORIENTATION AND FIRM PRACTICES
This exploratory research examines the relationship between food entrepreneur sustainable orientation, mindset and firm sustainable practices in a mixed methods format. In particular we seek to address if entrepreneur be...
IMPLICATIONS OF MISSING-DATA IMPUTATION FOR SURVEY DATA: AN APPLICATION TO TECHNOLOGY ADOPTION
Missing-data is a problem that occurs frequently in survey data. Missing-data can result in bias and reduced efficiency for regression estimates. The objective of the current study is to analyze the impact of missing-dat...