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Periodical article | Leiden University catalogue | WorldCat |
Title: | Performance of Agricultural Public Enterprises in Kenya: Lessons from the First Two Decades of Independence |
Author: | Grosh, Barbara |
Year: | 1987 |
Periodical: | Eastern Africa Economic Review |
Volume: | 3 |
Issue: | 1 |
Period: | June |
Pages: | 51-64 |
Language: | English |
Geographic term: | Kenya |
Subjects: | marketing boards public enterprises Agriculture, Natural Resources and the Environment Development and Technology Economics and Trade |
Abstract: | This paper reports the results of a comprehensive study of the performance of agricultural marketing public enterprises in Kenya from 1963 to 1984. It gives data on four aspects of public firm performance: rates of return on investment, real processing margins, and distortions in prices charged to consumers and prices paid to farmers. It shows that about half of the firms performed well as measured by financial and efficiency criteria, and that price distortions consist chiefly in intertemporal and interlocational rigidity rather than grossly distorted levels. It also shows that low capacity utilization explains much of the observed problems with processing margins. Bibliogr., notes. |