Journal of World Economic Research

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Analysis of Dry Maize Grain Market Integration in Kipkelion East and West Sub Counties, Kericho County, Kenya

Received: 29 August 2019    Accepted: 22 September 2019    Published: 17 June 2020
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Abstract

This study analyzed market integration of dry maize grain in Kipkelion East and Kipkelion West Sub-Counties in Kericho County, Kenya. The objective of the study was to determine the correlation of prices between the terminal and source markets of dry maize grain. Purposive and stratified random sampling procedures were used to collect data from a sample of 156 maize traders. The survey data analysed using regression and Pearson's product-moment correlation models. Results shows that 53.8% of the dry maize grain traders were males and 46.2% were females with 46.2% dry maize grain traders having attained secondary school level of education. Regression and correlation results shows that a unit increase in the dry maize grain source market prices would result in a 98.2% increase in the terminal maize market prices. Pearson's Product-Moment correlation results showed that there was positive relationship between the terminal and the source market prices with 68% of variation in terminal market prices being explained by all the source market prices. High prices in the source markets would lead to higher prices as well in the terminal markets. In order to achieve market integration, improve market information flow and promote competitiveness between the source and terminal markets in the county and in the country, this study recommends the enactment of relevant policies by the government agencies, both in the county and in the national government. There is also need to improve market information flow in the county; particularly the use of information and communication technology in order to ensure timely and faster flow of information across the dry maize grains markets. If traders, producers and consumers are given timely market information, it will reduce cases of price shocks and promote market integration.

DOI 10.11648/j.jwer.20200902.11
Published in Journal of World Economic Research (Volume 9, Issue 2, December 2020)
Page(s) 73-80
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Dry Maize Grain, Market Integration, Source Market, Terminal Market, Pearson's Product-Moment Correlation

References
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Author Information
  • Department of Agricultural Bio Systems and Economics, University of Kabianga, Kericho, Kenya

  • Department of Applied Economics, School of Economics, University of Eldoret, Eldoret, Kenya

  • Department of Horticulture, University of Kabianga, Kericho, Kenya

Cite This Article
  • APA Style

    Sang Isaac Kipchirchir, Ng’eno Elijah Kiplangat, Kibett Joash Keino. (2020). Analysis of Dry Maize Grain Market Integration in Kipkelion East and West Sub Counties, Kericho County, Kenya. Journal of World Economic Research, 9(2), 73-80. https://doi.org/10.11648/j.jwer.20200902.11

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    ACS Style

    Sang Isaac Kipchirchir; Ng’eno Elijah Kiplangat; Kibett Joash Keino. Analysis of Dry Maize Grain Market Integration in Kipkelion East and West Sub Counties, Kericho County, Kenya. J. World Econ. Res. 2020, 9(2), 73-80. doi: 10.11648/j.jwer.20200902.11

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    AMA Style

    Sang Isaac Kipchirchir, Ng’eno Elijah Kiplangat, Kibett Joash Keino. Analysis of Dry Maize Grain Market Integration in Kipkelion East and West Sub Counties, Kericho County, Kenya. J World Econ Res. 2020;9(2):73-80. doi: 10.11648/j.jwer.20200902.11

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  • @article{10.11648/j.jwer.20200902.11,
      author = {Sang Isaac Kipchirchir and Ng’eno Elijah Kiplangat and Kibett Joash Keino},
      title = {Analysis of Dry Maize Grain Market Integration in Kipkelion East and West Sub Counties, Kericho County, Kenya},
      journal = {Journal of World Economic Research},
      volume = {9},
      number = {2},
      pages = {73-80},
      doi = {10.11648/j.jwer.20200902.11},
      url = {https://doi.org/10.11648/j.jwer.20200902.11},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.jwer.20200902.11},
      abstract = {This study analyzed market integration of dry maize grain in Kipkelion East and Kipkelion West Sub-Counties in Kericho County, Kenya. The objective of the study was to determine the correlation of prices between the terminal and source markets of dry maize grain. Purposive and stratified random sampling procedures were used to collect data from a sample of 156 maize traders. The survey data analysed using regression and Pearson's product-moment correlation models. Results shows that 53.8% of the dry maize grain traders were males and 46.2% were females with 46.2% dry maize grain traders having attained secondary school level of education. Regression and correlation results shows that a unit increase in the dry maize grain source market prices would result in a 98.2% increase in the terminal maize market prices. Pearson's Product-Moment correlation results showed that there was positive relationship between the terminal and the source market prices with 68% of variation in terminal market prices being explained by all the source market prices. High prices in the source markets would lead to higher prices as well in the terminal markets. In order to achieve market integration, improve market information flow and promote competitiveness between the source and terminal markets in the county and in the country, this study recommends the enactment of relevant policies by the government agencies, both in the county and in the national government. There is also need to improve market information flow in the county; particularly the use of information and communication technology in order to ensure timely and faster flow of information across the dry maize grains markets. If traders, producers and consumers are given timely market information, it will reduce cases of price shocks and promote market integration.},
     year = {2020}
    }
    

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  • TY  - JOUR
    T1  - Analysis of Dry Maize Grain Market Integration in Kipkelion East and West Sub Counties, Kericho County, Kenya
    AU  - Sang Isaac Kipchirchir
    AU  - Ng’eno Elijah Kiplangat
    AU  - Kibett Joash Keino
    Y1  - 2020/06/17
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    DO  - 10.11648/j.jwer.20200902.11
    T2  - Journal of World Economic Research
    JF  - Journal of World Economic Research
    JO  - Journal of World Economic Research
    SP  - 73
    EP  - 80
    PB  - Science Publishing Group
    SN  - 2328-7748
    UR  - https://doi.org/10.11648/j.jwer.20200902.11
    AB  - This study analyzed market integration of dry maize grain in Kipkelion East and Kipkelion West Sub-Counties in Kericho County, Kenya. The objective of the study was to determine the correlation of prices between the terminal and source markets of dry maize grain. Purposive and stratified random sampling procedures were used to collect data from a sample of 156 maize traders. The survey data analysed using regression and Pearson's product-moment correlation models. Results shows that 53.8% of the dry maize grain traders were males and 46.2% were females with 46.2% dry maize grain traders having attained secondary school level of education. Regression and correlation results shows that a unit increase in the dry maize grain source market prices would result in a 98.2% increase in the terminal maize market prices. Pearson's Product-Moment correlation results showed that there was positive relationship between the terminal and the source market prices with 68% of variation in terminal market prices being explained by all the source market prices. High prices in the source markets would lead to higher prices as well in the terminal markets. In order to achieve market integration, improve market information flow and promote competitiveness between the source and terminal markets in the county and in the country, this study recommends the enactment of relevant policies by the government agencies, both in the county and in the national government. There is also need to improve market information flow in the county; particularly the use of information and communication technology in order to ensure timely and faster flow of information across the dry maize grains markets. If traders, producers and consumers are given timely market information, it will reduce cases of price shocks and promote market integration.
    VL  - 9
    IS  - 2
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