A NOTE ON DISTRIBUTED LAG MODELS OF MAIZE AND WHEAT PRODUCTION RESPONSE: THE KENYAN CASE* |
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Authors: | J. K. Maitha |
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Abstract: | In this note the supply responses in maize and wheat production are estimated from distributed lag models. The Nerlove model and the Fisher distributed lag model fit Kenyan data but more complicated models, like the polynomial lag model, do not. The calculated price elasticities suggest that Kenyan large-scale farmers are highly responsive to price changes. Some policy implications are drawn from the analysis. |
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