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 Periodical article |
 Leiden University catalogue |
 WorldCat |
| Title: | The Efficiency of Share Contracts in Ghana's Cocoa Industry |
| Author: | Boadu, Fred O. |
| Year: | 1992 |
| Periodical: | Journal of Development Studies |
| Volume: | 29 |
| Issue: | 1 |
| Period: | October |
| Pages: | 108-120 |
| Language: | English |
| Geographic term: | Ghana |
| Subjects: | labour contracts tenancy cocoa Agriculture, Natural Resources and the Environment Economics and Trade Labor and Employment |
| External link: | https://doi.org/10.1080/00220389208422264 |
| Abstract: | This study combines information provided by anthropologists on the structure of share contracts in the cocoa industry in Ghana with a well-known economic theory of share tenancy. The goal is to explain some of the efficiency characteristics of the observed contracts and the predominance of specific labour contracts in various regions in Ghana. The following types of contract are discussed: the 'Abusa' and the 'Nkotokuano' contracts (both share contracts), the daily labourer and contract labourer (wage) contracts, and the dual rate contract. The fundamental idea was that risk and transaction costs are important in determining the structure of a labour contract in the cocoa industry in Ghana. Specifically, it was hypothesized that contracts that spread the risk would be found more frequently in the cocoa-producing region where output variation is large. Secondly, it was hypothesized that, given a state of risk, higher transaction costs would imply lower returns to productive factors, resulting in lower-paying contracts in those regions where transaction costs are high. Ordinal comparisons of transaction costs in different types of contracts were used to test the hypotheses. The results of the study are consistent with the expectations and predictions made by the economic framework. Bibliogr., note, sum. |
