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An Econometric Analysis of Cocoa Prices: A Structural Approach

Author

Listed:
  • shamsudin, mad nasir

    (Jabatan Ekonomi Pertani an Fakulti Ekonomi dan Pengurusan Universiti Pertanian Malaysia 43400 Serdang Selangor DE)

  • Ann, Chew Tek

    (Jabatan Ekonomi Pertani an Fakulti Ekonomi dan Pengurusan Universiti Pertanian Malaysia 43400 Serdang Selangor DE)

  • Rosdi, Mat

    (Jabatan Ekonomi Pertani an Fakulti Ekonomi dan Pengurusan Universiti Pertanian Malaysia 43400 Serdang Selangor DE)

Abstract

The world market model for cocoa was developed to examine the factors affecting cocoa prices. The models were used to analyse the interrelationship between the economic variables of supply, demand, price and stocks. The findings indicate that the important determinants of cocoa prices are the stock levels and consumption.

Suggested Citation

  • shamsudin, mad nasir & Ann, Chew Tek & Rosdi, Mat, 1992. "An Econometric Analysis of Cocoa Prices: A Structural Approach," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 25(June), pages 3-17.
    • Handle: RePEc:ukm:jlekon:v:25:y:1992:i:june:p:3-17
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    References listed on IDEAS

    as
    1. Merrill J. Bateman, 1965. "Aggregate and Regional Supply Functions for Ghanaian Cocoa, 1946–1962," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(2), pages 384-401.
    2. Wickens, M R & Greenfield, J N, 1973. "The Econometrics of Agricultural Supply: An Application to the World Coffee Market," The Review of Economics and Statistics, MIT Press, vol. 55(4), pages 433-440, November.
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