Fosu, K.Y.
(1992)
The real exchange rate and Ghana's agricultural exports.
Technical Report.
University of Oxford, Centre for the Study of African Economics, Oxford, UK.
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Abstract
This study examines the effects of the real exchange rate of the cedi on agricultural price incentives and agricultural exports in Ghana. It is divided into sixsections. The problem which motivated this study, the study's objectives and relevance, and a review of the literature are formally stated in Section II. In Section III, the time profiles of the real exchange rate of the cedi, agricultural price incentives, and Ghana's agricultural exports aredescribed. The econometric models for analyzing the linkages between the real exchange rate of the cedi, agricultural price incentives, and agricultural exports, are specified and the procedures for estimating and testing hypotheses about the relevant parameters are presented in Section IV.Empirical analyses of the effects of the real exchange rate on agricultural price incentives are undertaken in Section V. The effects of the real exchange rate on agricultural exports are studied in Section VI. Finally, conclusions are contained in Section VII.
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