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| Title: | Economic Development and the Terms of Trade: The Case of Kenya Colony, 1925-1963 |
| Author: | Metts, R.L. |
| Year: | 1990 |
| Periodical: | Eastern Africa Economic Review |
| Volume: | 6 |
| Issue: | 1 |
| Pages: | 45-53 |
| Language: | English |
| Notes: | biblio. refs., ills. |
| Geographic terms: | Kenya East Africa United Kingdom |
| Subjects: | colonialism tariffs terms of trade Development and Technology Economics and Trade History and Exploration Economics, Commerce economic development international trade |
| Abstract: | This study concerns the impact of international trade on the economy of colonial Kenya. Empirical data are used to estimate the behaviour of colonial Kenya's net barter, income and single factoral terms of trade between 1925 and 1963. The analysis suggests that between 1925 and 1963 colonial Kenya experienced one or the other of two terms of trade scenarios. Either net barter terms of trade deteriorated while income and single factoral terms of trade improved, or net barter and single factoral terms of trade deteriorated while income terms of trade improved. In the former case, Kenya may have experienced positive export sector performance despite the deterioration in the net barter terms of trade. If, instead, the second scenario prevailed, Kenya's export sector expanded despite both deteriorating net barter terms of trade and decreasing export sector labour productivity. Both scenarios suggest that institutionalized protection contributed to a poverty producing distribution of the economic opportunities deriving from the export sector. Notes, ref. |