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Effects of Government Maize Marketing and Trade Policies on Maize Market Prices in Kenya

Author

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  • Jayne, Thomas S.
  • Meyers, Robert J.
  • Nyoro, James K.

Abstract

The objectives of this paper are to determine the effects of NCPB maize trading activity and the maize import tariff on wholesale maize market price levels and volatility. The analysis uses monthly maize price and trade data covering the period January 1990 to September 2004. Results are based on a vector autoregression (VAR) approach that allows estimation of a counterfactual set of maize prices that would have occurred over the 1990-2004 period had the NCPB not existed and trade restrictions been removed. Assessed are the separate impacts of policy on wholesale prices in Kitale, a major surplus-producing area, and Nairobi, the major urban demand center in the country.

Suggested Citation

  • Jayne, Thomas S. & Meyers, Robert J. & Nyoro, James K., 2005. "Effects of Government Maize Marketing and Trade Policies on Maize Market Prices in Kenya," Food Security Collaborative Working Papers 55162, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  • Handle: RePEc:ags:midcwp:55162
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    File URL: http://purl.umn.edu/55162
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    References listed on IDEAS

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    1. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    2. Ben S. Bernanke & Ilian Mihov, 1998. "Measuring Monetary Policy," The Quarterly Journal of Economics, Oxford University Press, vol. 113(3), pages 869-902.
    3. Nyoro, James K. & Kiiru, M.W. & Jayne, Thomas S., 1999. "Evolution of Kenya's Maize Marketing Systems in the Post-liberalization Era," Food Security Collaborative Working Papers 55148, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    4. Myers, Robert J. & Piggott, Roley R. & Tomek, William G., 1990. "Estimating Sources Of Fluctuations In The Australian Wool Market: An Application Of Var Methods," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 34(03), December.
    5. Jayne, Thomas S. & Yamano, Takashi & Nyoro, James K. & Awuor, Tom, 2000. "Do Farmers Really Benefit from High Food Prices? Balancing Rural Interests in Kenya's Maize Pricing and Marketing Policy," Food Security Collaborative Policy Briefs 54641, Michigan State University, Department of Agricultural, Food, and Resource Economics.
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    Citations

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    Cited by:

    1. Govereh, Jones & Haggblade, Steven & Nielson, Hunter & Tschirley, David L., 2008. "Maize Market Sheds in Eastern and Southern Africa. Report 1," Food Security Collaborative Working Papers 55374, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    2. Tavneet Suri, 2009. "Selection and Comparative Advantage in Technology Adoption," NBER Working Papers 15346, National Bureau of Economic Research, Inc.
    3. Winter-Nelson, Alex & Argwings-Kodhek, Gem, 2007. "Distortions to Agricultural Incentives in Kenya," Agricultural Distortions Working Paper 48521, World Bank.
    4. Tavneet Suri, 2006. "Selection and Comparative Advantage in Technology Adoption," Working Papers 944, Economic Growth Center, Yale University.
    5. Nzuma, Jonathan M. & Karugia, T.J. & Wanjiku, J. & Wambua, J. & Kirui, Oliver K., 2013. "Staple Food Price Volatility and Its Policy Implications in Kenya," 2013 AAAE Fourth International Conference, September 22-25, 2013, Hammamet, Tunisia 161525, African Association of Agricultural Economists (AAAE).
    6. Nzuma, Jonathan Makau, 2013. "The Political Economy of Food Price Policy: the Case of Kenya," WIDER Working Paper Series 026, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

    Food Security; Food Policy; Maize Marketing Trade Policies; Kenya; Crop Production/Industries; Marketing; Q18;

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy

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