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Published in:
2020 | OriginalPaper | Chapter
Determinants That Influenced Mexican Cocoa Beans Exports During 1996–2016
Authors : Rubén Molina Martínez, María Fernanda Ramos Martínez
Published in: Strategic Innovative Marketing and Tourism
Publisher: Springer International Publishing
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Abstract
Cocoa is one of the most traded goods around the world. México produced the first cocoa beans for more than two thousand years ago and it is one of the biggest cocoa beans producer and exporter in the world. This paper addresses the context of Mexican cocoa in international trade; which aims to identify the determinants of cocoa exports during 1996–2016 and evaluate how they influenced through the development of an econometric model to which various tests were applied in order to obtain the correlation coefficient between the variables and the significance of the model. This research contemplates the variables: production, production costs and international price, where production and production cost had a positive impact while international price had a negative impact. This paper also arises a brief explanation of why they may have influenced and how this impact can be handled in the future.