Competitiveness and Determinants of Livestock and Livestock products Exports from Kenya (1980-2013)
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 1
Abstract
Livestock and livestock products exports from Kenya showed a moderate improvement during the period (2000-2011). However, the country’s livestock export base that earns valuable foreign currency is quite shallow and little has been done to empirically establish their performance and if this translates to any meaningful growth. This study sought to analyse Kenyan livestock and livestock products export trade flows with major trading partners using panel data for the period 1990- 2013. Revealed comparative advantage and revealed symmetric comparative advantage indices were used to analyse the export competitiveness of livestock and livestock products exports while a Random effects model was used in the regression analysis. RCA results indicated that although Kenya had been competitive in the export of livestock and livestock products in most of the years under study, RSCA results showed that the level of competitiveness was low throughout the period under consideration. Results of the random effects estimator indicated that Kenya’s exchange rate, Kenya’s Gross Domestic Product, importer’s Gross Domestic Product and economic distance significantly affected livestock and livestock products exports from Kenya. The random effect model was significant at the 0.05 significance level and explained more than 72.3% of the dependent variable variance. Kenyan livestock exports were consistent with the gravity theory. Government Policies and institutional mechanisms that promote the production and export of quantity based livestock products to developed and bigger economies are also required.
Authors and Affiliations
Harrison Kimutai Yego, Wilfrey Vuhya Siahi
Keywords
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- EP ID EP414494
- DOI 10.9790/5933-0901035358.
- Views 186
- Downloads 0
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