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  • 标题:Three Paradoxes with The Cobb-Douglas Production Function
  • 本地全文:下载
  • 作者:Ahmet Ozcam ; Dilek Saglik Ozcam
  • 期刊名称:European Journal of Business and Management
  • 印刷版ISSN:2222-2839
  • 电子版ISSN:2222-2839
  • 出版年度:2019
  • 卷号:11
  • 期号:1
  • 页码:124-130
  • DOI:10.7176/EJBM/11-1-12
  • 出版社:The International Institute for Science, Technology and Education (IISTE)
  • 摘要:This study examines the competitiveness of Ghana’s cocoa by assessing the performance and determinants of cocoa export from Ghana. Competitiveness of the country in cocoa exports was assessed using the Pearson's Correlation model and Linear Regression model using SPSS and STATA respectively. Time series data on Ghana’s cocoa production and exports and GDP from 2000 to 2014 were collected and analyzed using Pearson Correlation Statistics that were adopted in SPSS. The first analysis was to find the relationship between total cocoa products exports in US$ (including raw cocoa beans and processed cocoa products) and factors such as the real world prices of cocoa (US$/MT) between 2000 and 2014, the gross domestic product of Ghana, the amount of Cocoa beans produced (in tonnes) and processed cocoa exports. The outcome of the analyses revealed that Ghana has comparative advantage in the exportation of cocoa, that Ghana is highly competitive in exports of cocoa beans, total cocoa products and processed cocoa exports. In spite of improvements observed in the country’s export performance over the past three decades, there is potential for further improvement, based on the SPSS and STATA results. The study proceeds to propose measures eminent in ensuring robust cocoa production and consequential exports.
  • 关键词:paradox; convex and concave marginal costs; Cobb-Douglas production function; increasing rate of return to Technical productivity of labor
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