The Political Economy of Food Price Policy: the Case of Kenya
Jonathan Makau Nzuma
No wp-2013-026, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Abstract:
This paper evaluates Kenya's food price crisis over 2002-11 using a political economy approach. Kenya's food prices have been high and volatile relative to world food prices. Moreover, domestic food markets are highly integrated while about 30 per cent of the changes in world market prices are transmitted to domestic markets in Kenya. The study finds a relatively slow speed of adjustment of domestic food prices in Kenya of between three to five months. In response, the government implemented both supply-side and demand-side policies.
Keywords: Agriculture; Food security; Macroeconomics; Prices (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (4)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2013-026
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