The Effects of a Large Discrete Maize Price Increase on the Distribution of Household Welfare and Poverty in Rural Kenya

This study estimates the effects of a large discrete maize price increase on the welfare of a sample of rural Kenyan households. The usual first-order welfare approximation formula is extended to a second-order formula that allows for supply and demand responses to the price change. Results show tha...

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Main Authors:	Mghenyi, Elliot, Myers, Robert J., Jayne, T. S.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Allocative Efficiency Cost-Benefit Analysis D610 Measurement and Analysis of Poverty I320 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120
Online Access:	http://hdl.handle.net/10986/4770

id	okr-10986-4770
recordtype	oai_dc
spelling	okr-10986-47702021-04-23T14:02:19Z The Effects of a Large Discrete Maize Price Increase on the Distribution of Household Welfare and Poverty in Rural Kenya Mghenyi, Elliot Myers, Robert J. Jayne, T. S. Allocative Efficiency Cost-Benefit Analysis D610 Measurement and Analysis of Poverty I320 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120 This study estimates the effects of a large discrete maize price increase on the welfare of a sample of rural Kenyan households. The usual first-order welfare approximation formula is extended to a second-order formula that allows for supply and demand responses to the price change. Results show that many rural households are not affected greatly by the price change, and there are about as many gainers as losers. However, these full sample results mask important differences across regions. Welfare gains generally take place in major production areas while losses are in areas where most households are net buyers of maize. Semiparametric methods are used to investigate the relationship between income and the size of the welfare effect, and poverty dominance techniques are applied to study the impacts of the maize price increase on rural poverty. 2012-03-30T07:29:39Z 2012-03-30T07:29:39Z 2011 Journal Article Agricultural Economics 01695150 http://hdl.handle.net/10986/4770 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Kenya
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Allocative Efficiency Cost-Benefit Analysis D610 Measurement and Analysis of Poverty I320 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120
spellingShingle	Allocative Efficiency Cost-Benefit Analysis D610 Measurement and Analysis of Poverty I320 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120 Mghenyi, Elliot Myers, Robert J. Jayne, T. S. The Effects of a Large Discrete Maize Price Increase on the Distribution of Household Welfare and Poverty in Rural Kenya
geographic_facet	Kenya
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This study estimates the effects of a large discrete maize price increase on the welfare of a sample of rural Kenyan households. The usual first-order welfare approximation formula is extended to a second-order formula that allows for supply and demand responses to the price change. Results show that many rural households are not affected greatly by the price change, and there are about as many gainers as losers. However, these full sample results mask important differences across regions. Welfare gains generally take place in major production areas while losses are in areas where most households are net buyers of maize. Semiparametric methods are used to investigate the relationship between income and the size of the welfare effect, and poverty dominance techniques are applied to study the impacts of the maize price increase on rural poverty.
format	Journal Article
author	Mghenyi, Elliot Myers, Robert J. Jayne, T. S.
author_facet	Mghenyi, Elliot Myers, Robert J. Jayne, T. S.
author_sort	Mghenyi, Elliot
title	The Effects of a Large Discrete Maize Price Increase on the Distribution of Household Welfare and Poverty in Rural Kenya
title_short	The Effects of a Large Discrete Maize Price Increase on the Distribution of Household Welfare and Poverty in Rural Kenya
title_full	The Effects of a Large Discrete Maize Price Increase on the Distribution of Household Welfare and Poverty in Rural Kenya
title_fullStr	The Effects of a Large Discrete Maize Price Increase on the Distribution of Household Welfare and Poverty in Rural Kenya
title_full_unstemmed	The Effects of a Large Discrete Maize Price Increase on the Distribution of Household Welfare and Poverty in Rural Kenya
title_sort	effects of a large discrete maize price increase on the distribution of household welfare and poverty in rural kenya
publishDate	2012
url	http://hdl.handle.net/10986/4770
_version_	1764392693317763072

The Effects of a Large Discrete Maize Price Increase on the Distribution of Household Welfare and Poverty in Rural Kenya

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