The efficiency of share contracts in Ghana's cocoa industry

Abstract

Social anthropologists have contributed significantly to our understanding of the consistency between observed labour contracts in the Ghana cocoa industry and the cultural historical development of the country. This article contributes to the ongoing research efforts in this area by demonstrating that the observed labour contracts are also efficient and consistent with the predictions of economic theory. It concludes that joint efforts by anthropologists and economists may be one effective way to proceed in seeking insights into a labour market that is so deeply rooted in the culture of a people.