Go to AfricaBib home

Go to AfricaBib home Africana Periodical Literature Go to database home

bibliographic database
Line
Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Aggregate Farm Supply Response in Kenya
Author:Sharma, K.L.ISNI
Year:1992
Periodical:Eastern Africa Economic Review
Volume:8
Issue:2
Pages:92-101
Language:English
Geographic term:Kenya
Subjects:agricultural policy
agricultural production
Agriculture, Natural Resources and the Environment
Development and Technology
Economics and Trade
Abstract:This paper provides estimates of internal terms of trade elasticity of aggregate agricultural output in Kenya for the period 1972-1990. Terms of trade of agriculture, time trend as a proxy for nonprice variables, weather and lagged output are included as explanatory variables in regression analysis. The Nerlovian loglinear specification is used for estimation. The variables indicate positive response and explain 98 percent of the variation in aggregate farm output. The aggregate long-run terms of trade elasticity (.16) is twice the size of the short-run supply elasticity (.08). Linear time trend coefficient (.015) turns out to be positive and highly significant which indicates a shift in the supply function at about 3.5 percent a year. Policymakers would do well to devote at least as much attention and effort to the development of nonprice factors like technology, infrastructure, and human capital as to price movements for stimulating agricultural output in Kenya. Bibliogr., sum.
Views