Price response of herd off-take under market liberalization in a developing cattle sector: panel analysis applied to Kenya's ranching
Abstract
The influence of price, in view of macro-economic policy change and a set of other factors, on herd off-take rates from ranches in Kenya over a period of 17 years was assessed. An AR(1) equation, based on Nerlove's classical dynamic supply model, was derived and fitted to panel data using the Cochrane Orcutt procedure. Pooling of data was done to circumvent data insufficiency, thereby improving the statistical power of the analysis. Results indicate that price change has had a significant effect on ranch herd off-take, and climatic factors also account for long-run off-take levels.
URI
http://hdl.handle.net/123456789/300https://www.cambridge.org/core/journals/environment-and-development-economics/article/price-response-of-herd-offtake-under-market-liberalization-in-a-developing-cattle-sector-panel-analysis-applied-to-kenyas-ranching/655711443F0EB34C548A3A2867A1F897
https://profiles.uonbi.ac.ke/dicksonnyariki/publications/price-response-herd-take-under-market-liberalization-developing-cattle-s
https://www.researchgate.net/publication/46544566_Price_response_of_herd_off-take_under_market_liberalization_in_a_developing_cattle_sector_Panel_analysis_applied_to_Kenya's_ranching
http://repository.seku.ac.ke/handle/123456789/325
https://doi.org/10.1017/S1355770X08004610
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