https://repository.kippra.or.ke/handle/123456789/26 2022-10-31T05:29:08Z 2022-10-31T05:29:08Z https://repository.kippra.or.ke/handle/123456789/2379 2021-11-11T09:52:18Z 2014-01-01T00:00:00Z

Analysis of Public Expenditure in Support of Food and Agriculture in Kenya, 2006-2012 Kenya has not met the 10 percent target of the total government spending as agreed upon at the African Union meeting in Maputo in 2003. The level of expenditures falls below the target 10% of total government spending. This means that a low share of the country’s budget was devoted to food and agriculture over the 2006-2012 period under review. This corresponds to a decrease of the agriculture value added growth as well as the Gross Domestic Product (GDP), which plunged twice in 2008 and 2011. The composition of public expenditures in support of food and agriculture has been unequally balanced, with 60 percent allocated to agriculture-specific expenditures as opposed to 40 percent for agriculture-supportive spending (rural education, health and infrastructure). Within agriculture-specific expenditures, general sector support has been predominant over direct payments to agents, at 80 percent. The main categories supported were extension services at 25 percent, research at 16 percent, input subsidies at 14 percent and infrastructure and veterinary services at 10 percent. The level of payment to producers was high in 2009/2010 compared to all the other periods but it dropped to 3.9 percent in 2010/2011 period. On the other hand, payment to consumers is only reflected in the school feeding programmes which accounts for approximately 99 percent of the payments. The targeted support to individual commodities has mainly flowed to one commodity; maize, because of the fertilizer reduction initiative which largely focuses on the crop. This therefore does not reflect an effort to promote development of the agricultural sector as whole. External resources constitute a fairly large proportion of development funds for the Ministry of Agriculture at an average of 65 percent for the whole period of analysis. However, a detailed analysis on the donor versus government allocations to the sector was not carried out.

2014-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/2378 2021-11-11T09:57:05Z 2013-01-01T00:00:00Z

Review of Food and Agricultural Policies in Kenya 2005-2011 This report constitutes the first agricultural policy review undertaken by the MAFAP project in Kenya. The report reviews the main developments of the economy and the agricultural sector as well as the main policy decisions affecting this sector. However, its main contribution focuses on: a) an analysis of price incentives and disincentives faced by farmers and consumers for ten agricultural commodities, which cover a significant share of agricultural production, imports, exports and diet; and b) a detailed analysis of the composition and level of public expenditure in support of agriculture and rural development. The former analysis was made for the period 2005-2010, while the latter covers 2006 to 2011. The commodity analysis is designed to identify how the current policy environment affects agriculture through its influence on commodity markets. It is based on well-known, simple indicators to measure the deviation of commodity prices received by various agents in domestic markets from an estimated ideal price in a distortion-free, competitive situation, referred to in this report as the reference price. The deviation is measured in monetary value per unit of marketed output (price gap) and in relative terms as a percentage of the reference price (nominal rate of protection). The reference price takes into account whether the commodity is an export, import or thinly traded product in world markets; the marketing costs currently incurred; and all taxes or levies. According to this indicator, when the domestic price is equal to the reference price, there are no distortions to farm incentives, indicating that the domestic prices are consistent with the comparative advantage of the country in producing the commodity. A domestic price above the reference price of the commodity suggests that producers are receiving transfers through the market or incentives due to existing policy or functioning of the value chain. On the other hand, producers are facing disincentives originating from policies or market factors when the domestic price is below the reference price. This report constitutes the first agricultural policy review undertaken by the MAFAP project in Kenya.

2013-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/2368 2021-11-11T09:48:45Z 2016-01-01T00:00:00Z

Can the Big Push Approach End Rural Poverty in Africa? Insights from Sauri Millennium Village in Kenya The greatest development challenge facing the low-income countries, especially Sub- Saharan African countries, has been making progress towards achieving the Millennium Development Goals (MDGs) by 2015. Sub-Saharan Africa still faces significant challenges in almost all dimensions of poverty and is not on track to achieve most of the goals, even as the MDGs are transitioned into Sustainable Development Goals (SDGs). Meeting the goal of halving poverty by 2015 has been a serious challenge, despite experiencing positive growth rates since 2001. Recent trends indicate that poverty levels for Africa (excluding North Africa) declined from 56.5 percent in 1990 to 48.4 percent in 2010, representing a 14 percent reduction, which was below the MDG target of 28.25 percent (United Nations, 2015). Some countries like Kenya, Zambia, Mauritania and Nigeria recorded notable increases in poverty rates between 1990 and 2010…

2016-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/2367 2021-11-11T09:55:37Z 2014-01-01T00:00:00Z

Macroeconomic Variables and the Kenyan Equity Market: A Time Series Analysis The study investigates the dynamic relationship between stock prices and four macroeconomic variables in Kenya using co-integration and vector auto regressive framework. The VAR and VECM analysis reveal that macroeconomic variables drive equity market in the long run. The variables in the VAR model are co-integrated with 3.8% disequilibrium being corrected quarterly. Notably, inflation has a negative effect on equity market suggesting that policy authorities in Kenya should design polices that mitigate inflation for stock market to develop. The results confirm that stock market is not an avenue for perfect hedge against inflation.

2014-01-01T00:00:00Z