Persistent Link:
http://hdl.handle.net/10150/291826
Title:
The terms of trade for commodity exports: A case study of Kenya
Author:
Njoroge, Nancy Njambi, 1964-
Issue Date:
1993
Publisher:
The University of Arizona.
Rights:
Copyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author.
Abstract:
The study estimated changes in the terms of trade of three Kenyan exports--tea, coffee, and pyrethrum--to test the validity of the theory of deterioration in the terms of trade for primary products. Several different measures of the terms of trade were considered. The results show no evidence of a secular deterioration. They also indicate that the terms of trade measure is extremely sensitive to the choice of the price index for manufactured goods. To evaluate the impact of domestic policies, costs and returns of the three exports were examined. The results show that the impact of policy distortions on profits is far greater than the impact of expected future world price declines. Future export expansion still is possible because policy changes can offset the effect of low world prices.
Type:
text; Thesis-Reproduction (electronic)
Keywords:
Economics, Agricultural.
Degree Name:
M.S.
Degree Level:
masters
Degree Program:
Graduate College; Agricultural and Resource Economics
Degree Grantor:
University of Arizona
Advisor:
Monke, Eric A.

Full metadata record

DC FieldValue Language
dc.language.isoen_USen_US
dc.titleThe terms of trade for commodity exports: A case study of Kenyaen_US
dc.creatorNjoroge, Nancy Njambi, 1964-en_US
dc.contributor.authorNjoroge, Nancy Njambi, 1964-en_US
dc.date.issued1993en_US
dc.publisherThe University of Arizona.en_US
dc.rightsCopyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author.en_US
dc.description.abstractThe study estimated changes in the terms of trade of three Kenyan exports--tea, coffee, and pyrethrum--to test the validity of the theory of deterioration in the terms of trade for primary products. Several different measures of the terms of trade were considered. The results show no evidence of a secular deterioration. They also indicate that the terms of trade measure is extremely sensitive to the choice of the price index for manufactured goods. To evaluate the impact of domestic policies, costs and returns of the three exports were examined. The results show that the impact of policy distortions on profits is far greater than the impact of expected future world price declines. Future export expansion still is possible because policy changes can offset the effect of low world prices.en_US
dc.typetexten_US
dc.typeThesis-Reproduction (electronic)en_US
dc.subjectEconomics, Agricultural.en_US
thesis.degree.nameM.S.en_US
thesis.degree.levelmastersen_US
thesis.degree.disciplineGraduate Collegeen_US
thesis.degree.disciplineAgricultural and Resource Economicsen_US
thesis.degree.grantorUniversity of Arizonaen_US
dc.contributor.advisorMonke, Eric A.en_US
dc.identifier.proquest1352337en_US
dc.identifier.bibrecord.b27086513en_US
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