Journal of African Trade

In Press, Corrected Proof, Available Online: 30 September 2019

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

Authors
Komi Tsowou1, *, Samuel K. Gayi2
1Regional Integration and Trade Division, United Nations Economic Commission for Africa (UNECA), Addis Ababa, Ethiopia
2Formally, Special Unit on Commodities, United Nations Conference on Trade and Development (UNCTAD), Geneva, Switzerland
*Corresponding author. Email: tsowou@un.org
Corresponding Author
Komi Tsowou
Received 25 May 2019, Accepted 3 September 2019, Available Online 30 September 2019.
DOI
https://doi.org/10.2991/jat.k.190916.001How to use a DOI?
Keywords
Cocoa markets, farmers, price transmission, error correction model
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.

Copyright
© 2019 African Export-Import Bank. Publishing services by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license (http://creativecommons.org/licenses/by-nc/4.0/).

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Journal
Journal of African Trade
Publication Date
2019/09
ISSN (Online)
2214-8523
ISSN (Print)
2214-8515
DOI
https://doi.org/10.2991/jat.k.190916.001How to use a DOI?
Copyright
© 2019 African Export-Import Bank. Publishing services by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - JOUR
AU  - Komi Tsowou
AU  - Samuel K. Gayi
PY  - 2019
DA  - 2019/09
TI  - Trade Reforms and Integration of Cocoa Farmers into World Markets: Evidence from African and non-African Countries
JO  - Journal of African Trade
SN  - 2214-8523
UR  - https://doi.org/10.2991/jat.k.190916.001
DO  - https://doi.org/10.2991/jat.k.190916.001
ID  - Tsowou2019
ER  -