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

Sang Isaac Kipchirchir; Ng’eno Elijah Kiplangat; Kibett Joash Keino

doi:doi:10.11648/j.jwer.20200902.11

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

Sang Isaac Kipchirchir, Ng’eno Elijah Kiplangat, Kibett Joash Keino

Published in Journal of World Economic Research (Volume 9, Issue 2)

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.

Published in	Journal of World Economic Research (Volume 9, Issue 2)
DOI	10.11648/j.jwer.20200902.11
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), 2020. 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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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://article.sciencepublishinggroup.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
PY  - 2020
N1  - https://doi.org/10.11648/j.jwer.20200902.11
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
ER  -

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Author Information

Sang Isaac Kipchirchir

Department of Agricultural Bio Systems and Economics, University of Kabianga, Kericho, Kenya
Ng’eno Elijah Kiplangat

Department of Applied Economics, School of Economics, University of Eldoret, Eldoret, Kenya
Kibett Joash Keino

Department of Horticulture, University of Kabianga, Kericho, Kenya

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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://article.sciencepublishinggroup.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
PY  - 2020
N1  - https://doi.org/10.11648/j.jwer.20200902.11
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
ER  -

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